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Vistra Announces Plans to Build New Gas-Fueled Dispatchable Power Units in the Permian Basin
Vistra Announces Plans to Build New Gas-Fueled Dispatchable Power Units in the Permian Basin ...
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[{"type":"text","content":"Vistra Announces Plans to Build New Gas-Fueled Dispatchable Power Units in the Permian Basin\n\n\n\n Vistra Announces Plans to Build New Gas-Fueled Dispatchable Power Units in the Permian Basin\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n PR Newswire\n \n\n\n\n\n Project will bring Vistra's investment to 3,100 megawatts since 2020\n \n\n\n\n\n IRVING, Texas\n \n\n ,\n \n\n Sept. 29, 2025\n \n\n /PRNewswire/ -- Vistra Corp. (NYSE: VST) today announced that it is moving forward with the next phase of its capital plan to support grid reliability in\n \n Texas\n \n . In 2024, the company identified more than\n \n $1 billion\n \n worth of potential capital additions in generation capacity within the Texas ERCOT market by 2028 if market conditions were supportive. Now, based on customer demand and to meet\n \n West Texas'\n \n growing power needs, particularly the state's expanding oil and natural gas industries, Vistra has reached a final investment decision on a key element of this plan and confirms it will build two new advanced natural gas power units, together totaling 860 megawatts, on-site at its Permian Basin Power Plant. This expansion more than triples the site's current capacity from 325 MW to 1,185 MW.\n \n\n\n\n\n\n\n\n\n \"As the leading competitive generator in\n \n Texas\n \n , customers from residential to commercial and industrial are turning to Vistra to help them meet their energy needs,\" said\n \n\n Jim Burke\n \n , president and CEO of Vistra\n \n . \"We recognize that energy is critical to powering this economic opportunity, and we expect\n \n Texas\n \n will play an outsized role. Based on our ongoing conversations with customers, we are affirming our multi-year plan to add more than 2,000 MW of new capacity in ERCOT between 2024 and 2028. Given Vistra's fleet, interconnections, and experience in improving, redeveloping, and building power plants, we are uniquely positioned to deliver solutions that provide reliable, affordable power to our residential customers as well as industries across\n \n Texas...