The deal involving Texas’ biggest power generator will create one of the largest clean energy businesses in the country.
that led to an FBI corruption probe of that state’s former House speaker. Ohio lawmakers have since repealed the $1 billion bailout.
The two Ohio nuclear plants as well as the Beaver Valley nuclear plant in Pennsylvania will become part of Vistra’s new subsidiary. Energy Harbor’s two coal plants along the Ohio River are not part of the deal.extend operations at Comanche Peak nuclear power plantThe two-unit plant in Somervell County can produce enough electricity to power about 1.2 million Texas homes in normal conditions and 480,000 homes in periods of peak demand.
Nuclear plants are known for their ability to produce power around the clock. Comanche Peak is one of two operating nuclear plants in the state, which combined supply about 10% of Texas’ electricity needs. The South Texas Project near Bay City is the other nuclear plant.The deal for Energy Harbor comes after Vistra released its 2022 full-year results last week. It reported a net loss of $1.2 billion and revenue of $13.7 billion..
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