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Vistra Energy to Acquire Dynegy in $4B Deal

Vistra Energy, the parent company of TXU Energy and Luminant, entered into an agreement to acquire Dynegy Inc. in a stock transaction valued at $4 billion. Additionally, the Irving, TX-headquartered Vistra’s buy of the Houston-based Dynegy will create the largest integrated power company in the United States, with a combined market cap in excess of $10 billion, and a combined enterprise value greater than $20 billion. The companies anticipate a Q2 2018 closing.

Upon closing, Vistra will serve approximately 240,000 commercial and industrial customers, and 2.7 million residential customers in top five retail states, with estimated retail sales of 75 terawatt hours. The combined company will also own approximately 40 gigawatts of installed generation capacity.

The combined company will be led by Curt Morgan, as President and CEO; Bill Holden will be Chief Financial Officer, and Jim Burke will be Chief Operating Officer. Bob Flexon, President and CEO with Dynegy, will remain through April 2018.

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