$VST·8-K

Vistra Corp. · Jul 14, 5:29 PM ET

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Vistra Corp. 8-K

Research Summary

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Updated

Vistra Corp. Reports PJM 2028/2029 Capacity Auction Results — 10,924 MW Cleared

What Happened

  • Vistra Corp. (NYSE: VST) filed an 8-K (Item 8.01) on July 14, 2026 announcing its cleared results from the PJM capacity auction for the 2028/2029 planning year. The company cleared a total of approximately 10,924.40 megawatts (MW) at a weighted average clearing price of $325.00 per megawatt‑day.

Key Details

  • Total cleared capacity: 10,924.40 MW at $325.00 per MW-day (weighted average).
  • Cleared by PJM zone:
    • RTO: 4,129.90 MW
    • COMED: 1,174.00 MW
    • DEOK: 927.50 MW
    • EMAAC: 1,819.00 MW
    • MAAC: 584.80 MW
    • ATSI: 2,069.50 MW
    • DOM: 219.70 MW
  • Filing: Form 8-K, Item 8.01 (Other Events), filed July 14, 2026.

Why It Matters

  • These auction results lock in capacity commitments for a large portion of Vistra’s PJM generation fleet for the 2028/2029 planning year and establish the clearing price ($325/MW‑day) used to calculate capacity payments. For investors, cleared MW and the clearing price are key drivers of capacity-market revenue visibility for the period. The filing also contains standard forward‑looking statement cautionary language.

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