The Federal Energy Regulatory Commission (FERC) has approved Vistra’s $6.3 billion plan to buy Energy Harbor, as long as the company sells nearly 400 MW of fossil fuel generation to alleviate concerns about potential market power. The decision was the last regulatory hurdle needed before the deal’s planned completion in the coming weeks. Energy Harbor’s primary assets are three nuclear power plants in Ohio and Pennsylvania, with about 1 million competitive retail customers buying about 36.7 million MWh in 2022. Vistrra plans to sell its 369-MW gas- and oil-fired Richland power plant and 17-MW oil-driven Stryker unit within 180 days of the Vistras-Energy Harbor closure. The merger will create Vistrak Vision, a newly formed clean energy subsidiary with 6.4 GW of nuclear generation, about 5 million retail customers, and about 2.4GW of renewable energy and energy storage projects.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
