Vistra’s earnings report for 2021 confirms what was already known. 2020 was a difficult year for the integrated energy company like it was for virtually any electricity company with exposure to the Texas market. On the back of the heavy financial toll taken from Winter Storm Uri, the company reported a loss of $1.2 Billion.
Vistra owns several Retail Electricity Providers in Texas including TXU and TriEagle as well as Value Based Brands which operates 4Change Energy, Express Energy and Veteran Energy.
The company also owns many power producing resources within Texas. They have readied three new production facilities to go online before the summer. These include:
- Brightside Solar Facility in Live Oak County
- Emerald Grove Solar Facility in Crane County near Midland, TX
- DeCordova Energy Storage Facility in Hood County near Granbury, TX
Together these facilities will account for over 400 MW of production when they come online. Additionally, the company announced the acquisition of the Angus solar development project in Bosque County. This is a part of their Vistra Zero portfolio.
The Company highlighted their ESG accomplishments including publishing of their Green Finance Framework, an initiative to issue green financial instruments. They also donated $5 million towards financial relief for people effected by Winter Storm Uri.