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Vistra is the largest US competitive power producer: it owns a ~50 GW fleet of gas, nuclear, coal, solar and battery plants that sell electricity into deregulated wholesale markets like Texas's ERCOT and the eastern PJM grid, and it sells that power straight to ~5M homes and businesses through retail brands like TXU Energy. Born out of the 2016 bankruptcy of TXU/Energy Future Holdings, it has become a prime AI-power play — signing long nuclear and gas deals with Microsoft, Amazon and Meta to feed data centres.

From gas wells and reactors to your wall socket

Vistra buys gas and nuclear fuel, burns or splits it in a ~50 GW fleet, sells the electricity into the ERCOT and PJM wholesale markets, and then sells much of it again to ~5M households through TXU Energy — capturing margin at both ends of the chain.

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