Vistra Corp. secures 10,255 MW in PJM Capacity Auction

IRVING, TX – Vistra Corp. (NYSE:VST), a prominent integrated retail electricity and power generation company, announced it successfully cleared 10,255 megawatts (MW) in the PJM Capacity Auction for the planning year 2025/2026. The company reported a weighted average clearing price of $273.45 per megawatt-day through a recent SEC filing.

The auction results, dated Monday, reflect Vistra’s secured capacity across various zones, with the majority of the capacity, 3,774 MW, cleared at a price of $270 per MW-day. Notably, the Dominion zone cleared 208 MW at a higher price of $444 per MW-day.

Vistra, headquartered in Irving, Texas, operates a diverse fleet of , nuclear, coal, solar, and battery energy storage facilities. The company emphasizes reliability, affordability, and sustainability in its operations, extending from California to Maine.

The SEC filing also included a cautionary note regarding forward-looking statements, indicating that the auction results are subject to various risks and uncertainties that could affect the company’s future financial performance. These risks include, but are not limited to, changes in market conditions, regulatory changes, and the impact of extreme weather events.

Vistra’s recent acquisition of Energy Harbor Corp. is part of its strategy to integrate acquired businesses and pursue cost-saving initiatives. The company continues to navigate the energy market’s complexities while focusing on strategic growth and operational efficiency.

The information disclosed is based on a press release statement and provides investors and stakeholders with an overview of Vistra’s position following the PJM Capacity Auction results. As the energy sector evolves, Vistra appears to maintain its commitment to meeting the energy needs of its customer base and adapting to market demands.

In other recent news, United Microelectronics Corporation (UMC) has made several noteworthy announcements. The Taiwan-based semiconductor manufacturer has reported robust financial performance for the first quarter of 2024 with consolidated revenue reaching NT$54.63 billion and a gross margin of 30.9%. The net income attributable to the parent company’s stockholder was reported at NT$10.46 billion. Additionally, UMC’s Board of Directors approved a cash distribution of NT$3 per share to shareholders.

UMC has also filed a routine Form 6-K with the U.S. Securities and Exchange Commission (SEC), demonstrating its commitment to transparency and regulatory compliance. The document, a standard requirement for foreign issuers listed on U.S. exchanges, did not contain any significant financial updates or material information.

In terms of future expectations, UMC anticipates a slight increase in wafer shipments and maintains a positive outlook on its gross margins and average selling price. The company is strategically focusing on specialty business, data transmission, power management for AI chips, and strategic capacity planning.

UMC is also expanding technology in silicon carbide and gallium nitride, focusing on 8-inch microchips. These recent developments, as reported by UMC, shed light on the company’s strategic plans in the competitive semiconductor landscape.

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