QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||||||||||||||
(Address of principal executive offices) (Zip Code) | (Registrant's telephone number, including area code) |
Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||||||||
PAGE | ||||||||
PART I. | ||||||||
Item 1. | ||||||||
Item 2. | ||||||||
Item 3. | ||||||||
Item 4. | ||||||||
PART II. | ||||||||
Item 1. | ||||||||
Item 1A. | ||||||||
Item 2. | ||||||||
Item 3. | ||||||||
Item 4. | ||||||||
Item 5. | ||||||||
Item 6. | ||||||||
2019 Form 10-K | Vistra Energy's annual report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 28, 2020 | |||||||
Ambit | Ambit Holdings, LLC, and/or its subsidiaries, depending on context | |||||||
ARO | asset retirement and mining reclamation obligation | |||||||
CAA | Clean Air Act | |||||||
CAISO | The California Independent System Operator | |||||||
CARES Act | Coronavirus Aid, Relief, and Economic Security Act | |||||||
CCGT | combined cycle gas turbine | |||||||
CFTC | U.S. Commodity Futures Trading Commission | |||||||
CME | Chicago Mercantile Exchange | |||||||
CO2 | carbon dioxide | |||||||
CPUC | California Public Utilities Commission | |||||||
Crius | Crius Energy Trust and/or its subsidiaries, depending on context | |||||||
Dynegy | Dynegy Inc., and/or its subsidiaries, depending on context | |||||||
Dynegy Energy Services | Dynegy Energy Services, LLC and Dynegy Energy Services (East), LLC (d/b/a Dynegy and Brighten Energy), indirect, wholly owned subsidiaries of Vistra Energy, that are REPs in certain areas of MISO and PJM, respectively, and are engaged in the retail sale of electricity to residential and business customers. | |||||||
EBITDA | earnings (net income) before interest expense, income taxes, depreciation and amortization | |||||||
Effective Date | October 3, 2016, the date our predecessor completed its reorganization under Chapter 11 of the U.S. Bankruptcy Code | |||||||
Emergence | emergence of our predecessor from reorganization under Chapter 11 of the U.S. Bankruptcy Code as subsidiaries of a newly formed company, Vistra Energy, on the Effective Date | |||||||
EPA | U.S. Environmental Protection Agency | |||||||
ERCOT | Electric Reliability Council of Texas, Inc. | |||||||
ESS | energy storage system | |||||||
Exchange Act | Securities Exchange Act of 1934, as amended | |||||||
FERC | U.S. Federal Energy Regulatory Commission | |||||||
GAAP | generally accepted accounting principles | |||||||
GHG | greenhouse gas | |||||||
GWh | gigawatt-hours | |||||||
Homefield Energy | Illinois Power Marketing Company (d/b/a Homefield Energy), an indirect, wholly owned subsidiary of Vistra Energy, a REP in certain areas of MISO that is engaged in the retail sale of electricity to municipal customers | |||||||
ICE | Intercontinental Exchange | |||||||
IRS | U.S. Internal Revenue Service | |||||||
ISO | independent system operator | |||||||
ISO-NE | Independent System Operator New England | |||||||
LIBOR | London Interbank Offered Rate, an interest rate at which banks can borrow funds, in marketable size, from other banks in the London interbank market | |||||||
load | demand for electricity | |||||||
LTSA | long-term service agreements for plant maintenance | |||||||
Luminant | subsidiaries of Vistra Energy engaged in competitive market activities consisting of electricity generation and wholesale energy sales and purchases as well as commodity risk management | |||||||
market heat rate | Heat rate is a measure of the efficiency of converting a fuel source to electricity. Market heat rate is the implied relationship between wholesale electricity prices and natural gas prices and is calculated by dividing the wholesale market price of electricity, which is based on the price offer of the marginal supplier (generally natural gas plants), by the market price of natural gas. |
Merger | the merger of Dynegy with and into Vistra Energy, with Vistra Energy as the surviving corporation | |||||||
Merger Agreement | the Agreement and Plan of Merger, dated as of October 29, 2017, by and between Vistra Energy and Dynegy | |||||||
Merger Date | April 9, 2018, the date Vistra Energy and Dynegy completed the transactions contemplated by the Merger Agreement | |||||||
MISO | Midcontinent Independent System Operator, Inc. | |||||||
MMBtu | million British thermal units | |||||||
Moody's | Moody's Investors Service, Inc. (a credit rating agency) | |||||||
MSHA | U.S. Mine Safety and Health Administration | |||||||
MW | megawatts | |||||||
MWh | megawatt-hours | |||||||
NELP | Northeast Energy, LP, a joint venture between Dynegy Northeast Generation GP, Inc. and Dynegy Northeast Associates LP, Inc., both indirect subsidiaries of Vistra Energy, and certain subsidiaries of NextEra Energy, Inc. NELP indirectly owned Bellingham NEA facility and the Sayreville facility. | |||||||
NELP Transaction | a transaction among Dynegy Northeast Generation GP, Inc., Dynegy Northeast Associates LP, Inc. and certain subsidiaries of NextEra Energy, Inc. wherein the indirect subsidiaries of Vistra Energy redeemed their ownership interest in NELP partnership in exchange for 100% ownership interest in North Jersey Energy Associates, the holding company which owns the Sayreville facility. | |||||||
NERC | North American Electric Reliability Corporation | |||||||
NOX | nitrogen oxide | |||||||
NRC | U.S. Nuclear Regulatory Commission | |||||||
NYMEX | the New York Mercantile Exchange, a commodity derivatives exchange | |||||||
NYISO | New York Independent System Operator | |||||||
OPEB | postretirement employee benefits other than pensions | |||||||
Parent | Vistra Energy Corp. | |||||||
PJM | PJM Interconnection, LLC | |||||||
Plan of Reorganization | Third Amended Joint Plan of Reorganization filed by the parent company of our predecessor in August 2016 and confirmed by the U.S. Bankruptcy Court for the District of Delaware in August 2016 solely with respect to our predecessor | |||||||
PrefCo | Vistra Preferred Inc. | |||||||
PrefCo Preferred Stock Sale | as part of the tax-free spin-off from Energy Future Holdings Corp., executed pursuant to the Plan of Reorganization on the Effective Date by our predecessor, the contribution of certain of the assets of our predecessor and its subsidiaries by a subsidiary of TEX Energy LLC to PrefCo in exchange for all of PrefCo's authorized preferred stock, consisting of 70,000 shares, par value $0.01 per share | |||||||
Public Power | Public Power, LLC, an indirect, wholly owned subsidiary of Vistra Energy, a REP in certain areas of PJM, NYISO, ISO-NE and MISO that is engaged in the retail sale of electricity to residential and business customers | |||||||
PUCT | Public Utility Commission of Texas | |||||||
REP | retail electric provider | |||||||
RCT | Railroad Commission of Texas, which among other things, has oversight of lignite mining activity in Texas | |||||||
RTO | regional transmission organization | |||||||
S&P | Standard & Poor's Ratings (a credit rating agency) | |||||||
SEC | U.S. Securities and Exchange Commission | |||||||
Securities Act | Securities Act of 1933, as amended | |||||||
SO2 | sulfur dioxide | |||||||
Tax Matters Agreement | Tax Matters Agreement, dated as of the Effective Date, by and among Energy Future Holdings Corp. (EFH Corp.), Energy Future Intermediate Holding Company LLC, EFIH Finance Inc. and EFH Merger Co. LLC |
TCEH | Texas Competitive Electric Holdings Company LLC, a direct, wholly owned subsidiary of Energy Future Competitive Holdings Company LLC, and, prior to the Effective Date, the parent company of our predecessor, depending on context, that were engaged in electricity generation and wholesale and retail energy market activities, and whose major subsidiaries included Luminant and TXU Energy | |||||||
TCEQ | Texas Commission on Environmental Quality | |||||||
TRA | Tax Receivables Agreement, containing certain rights (TRA Rights) to receive payments from Vistra Energy related to certain tax benefits, including benefits realized as a result of certain transactions entered into at Emergence (see Note 8 to the Financial Statements) | |||||||
TRE | Texas Reliability Entity, Inc., an independent organization that develops reliability standards for the ERCOT region and monitors and enforces compliance with NERC standards and monitors compliance with ERCOT protocols | |||||||
TriEagle Energy | TriEagle Energy, LP, an indirect, wholly owned subsidiary of Vistra Energy, a REP in certain areas of ERCOT and PJM that is engaged in the retail sale of electricity to residential and business customers | |||||||
TWh | terawatt-hours | |||||||
TXU Energy | TXU Energy Retail Company LLC, an indirect, wholly owned subsidiary of Vistra Energy that is a REP in competitive areas of ERCOT and is engaged in the retail sale of electricity to residential and business customers | |||||||
U.S. | United States of America | |||||||
U.S. Gas & Electric | U.S. Gas and Electric, Inc., an indirect, wholly owned subsidiary of Vistra Energy, a REP in certain areas of PJM, NYISO, ISO-NE and MISO that is engaged in the retail sale of electricity to residential and business customers | |||||||
Value Based Brands | Value Based Brands LLC (d/b/a 4Change Energy and Express Energy), an indirect, wholly owned subsidiary of Vistra Energy that is a REP in competitive areas of ERCOT and is engaged in the retail sale of electricity to residential and business customers | |||||||
Vistra Energy | Vistra Energy Corp. and/or its subsidiaries, depending on context | |||||||
Vistra Intermediate | Vistra Intermediate Company LLC, a direct, wholly owned subsidiary of Vistra Energy | |||||||
Vistra Operations | Vistra Operations Company LLC, an indirect, wholly owned subsidiary of Vistra Energy that is the issuer of certain series of notes (see Note 11 to the Financial Statements) and borrower under the Vistra Operations Credit Facilities | |||||||
Vistra Operations Credit Facilities | Vistra Operations Company LLC's $ |
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
Operating revenues (Note 5) | $ | $ | |||||||||
Fuel, purchased power costs and delivery fees | ( | ( | |||||||||
Operating costs | ( | ( | |||||||||
Depreciation and amortization | ( | ( | |||||||||
Selling, general and administrative expenses | ( | ( | |||||||||
Impairment of long-lived assets (Note 18) | ( | ||||||||||
Operating income | |||||||||||
Other income (Note 18) | |||||||||||
Other deductions (Note 18) | ( | ( | |||||||||
Interest expense and related charges (Note 18) | ( | ( | |||||||||
Impacts of Tax Receivable Agreement (Note 8) | ( | ||||||||||
Equity in earnings of unconsolidated investment | |||||||||||
Income before income taxes | |||||||||||
Income tax expense (Note 7) | ( | ( | |||||||||
Net income | $ | $ | |||||||||
Net loss attributable to noncontrolling interest | |||||||||||
Net income attributable to Vistra Energy | $ | $ | |||||||||
Weighted average shares of common stock outstanding: | |||||||||||
Basic | |||||||||||
Diluted | |||||||||||
Net income per weighted average share of common stock outstanding: | |||||||||||
Basic | $ | $ | |||||||||
Diluted | $ | $ |
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
Net income | $ | $ | |||||||||
Other comprehensive income, net of tax effects: | |||||||||||
Effects related to pension and other retirement benefit obligations (net of tax benefit of $ | ( | ||||||||||
Total other comprehensive income (loss) | ( | ||||||||||
Comprehensive income | $ | $ | |||||||||
Comprehensive loss attributable to noncontrolling interest | |||||||||||
Comprehensive income attributable to Vistra Energy | $ | $ |
VISTRA ENERGY CORP. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Millions of Dollars) | |||||||||||
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
Cash flows — operating activities: | |||||||||||
Net income | $ | $ | |||||||||
Adjustments to reconcile net income to cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
Deferred income tax expense, net | |||||||||||
Impairment of long-lived assets (Note 18) | |||||||||||
Loss on disposal of investment in NELP (Note 18) | |||||||||||
Unrealized net gain from mark-to-market valuations of commodities | ( | ( | |||||||||
Unrealized net loss from mark-to-market valuations of interest rate swaps | |||||||||||
Asset retirement obligation accretion expense | |||||||||||
Impacts of Tax Receivable Agreement (Note 8) | ( | ||||||||||
Stock-based compensation | |||||||||||
Other, net | ( | ||||||||||
Changes in operating assets and liabilities: | |||||||||||
Margin deposits, net | |||||||||||
Accrued interest | ( | ||||||||||
Accrued taxes | ( | ( | |||||||||
Accrued employee incentive | ( | ( | |||||||||
Other operating assets and liabilities | ( | ( | |||||||||
Cash provided by operating activities | |||||||||||
Cash flows — investing activities: | |||||||||||
Capital expenditures, including nuclear fuel purchases and LTSA prepayments | ( | ( | |||||||||
Proceeds from sales of nuclear decommissioning trust fund securities (Note 18) | |||||||||||
Investments in nuclear decommissioning trust fund securities (Note 18) | ( | ( | |||||||||
Proceeds from sales of environmental allowances | |||||||||||
Purchases of environmental allowances | ( | ( | |||||||||
Other, net | |||||||||||
Cash used in investing activities | ( | ( | |||||||||
Cash flows — financing activities: | |||||||||||
Issuances of long-term debt (Note 11) | |||||||||||
Repayments/repurchases of debt (Note 11) | ( | ( | |||||||||
Net borrowings under accounts receivable securitization program (Note 10) | |||||||||||
Borrowings under Revolving Credit Facility (Note 11) | |||||||||||
Repayments under Revolving Credit Facility (Note 11) | ( | ||||||||||
Stock repurchase (Note 13) | ( | ||||||||||
Dividends paid to stockholders (Note 13) | ( | ( | |||||||||
Debt tender offer and other financing fees (Note 11) | ( | ( | |||||||||
Other, net | ( | ||||||||||
Cash provided by (used in) financing activities | ( | ||||||||||
Net change in cash, cash equivalents and restricted cash | ( | ||||||||||
Cash, cash equivalents and restricted cash — beginning balance | |||||||||||
Cash, cash equivalents and restricted cash — ending balance | $ | $ |
VISTRA ENERGY CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Millions of Dollars) | |||||||||||
March 31, 2020 | December 31, 2019 | ||||||||||
ASSETS | |||||||||||
Current assets: | |||||||||||
Cash and cash equivalents | $ | $ | |||||||||
Restricted cash (Note 18) | |||||||||||
Trade accounts receivable — net (Note 18) | |||||||||||
Inventories (Note 18) | |||||||||||
Commodity and other derivative contractual assets (Note 15) | |||||||||||
Margin deposits related to commodity contracts | |||||||||||
Prepaid expense and other current assets | |||||||||||
Total current assets | |||||||||||
Restricted cash (Note 18) | |||||||||||
Investments (Note 18) | |||||||||||
Investment in unconsolidated subsidiary (Note 18) | |||||||||||
Property, plant and equipment — net (Note 18) | |||||||||||
Operating lease right-of-use assets | |||||||||||
Goodwill (Note 6) | |||||||||||
Identifiable intangible assets — net (Note 6) | |||||||||||
Commodity and other derivative contractual assets (Note 15) | |||||||||||
Accumulated deferred income taxes | |||||||||||
Other noncurrent assets | |||||||||||
Total assets | $ | $ | |||||||||
LIABILITIES AND EQUITY | |||||||||||
Current liabilities: | |||||||||||
Short-term borrowings (Note 11) | $ | $ | |||||||||
Accounts receivable securitization program (Note 10) | |||||||||||
Long-term debt due currently (Note 11) | |||||||||||
Trade accounts payable | |||||||||||
Commodity and other derivative contractual liabilities (Note 15) | |||||||||||
Margin deposits related to commodity contracts | |||||||||||
Accrued income taxes | |||||||||||
Accrued taxes other than income | |||||||||||
Accrued interest | |||||||||||
Asset retirement obligations (Note 18) | |||||||||||
Operating lease liabilities | |||||||||||
Other current liabilities | |||||||||||
Total current liabilities | |||||||||||
Long-term debt, less amounts due currently (Note 11) | |||||||||||
Operating lease liabilities | |||||||||||
Commodity and other derivative contractual liabilities (Note 15) | |||||||||||
Accumulated deferred income taxes | |||||||||||
Tax Receivable Agreement obligation (Note 8) | |||||||||||
Asset retirement obligations (Note 18) | |||||||||||
VISTRA ENERGY CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Millions of Dollars) | |||||||||||
March 31, 2020 | December 31, 2019 | ||||||||||
Other noncurrent liabilities and deferred credits (Note 18) | |||||||||||
Total liabilities | |||||||||||
Commitments and Contingencies (Note 12) | |||||||||||
Total equity (Note 13): | |||||||||||
Common stock (par value — $ (shares outstanding: March 31, 2020 — | |||||||||||
Treasury stock, at cost (shares: March 31, 2020 — | ( | ( | |||||||||
Additional paid-in-capital | |||||||||||
Retained deficit | ( | ( | |||||||||
Accumulated other comprehensive loss | ( | ( | |||||||||
Stockholders' equity | |||||||||||
Noncontrolling interest in subsidiary | ( | ||||||||||
Total equity | |||||||||||
Total liabilities and equity | $ | $ |
Ambit and Crius Transactions Preliminary Purchase Price Allocations | |||||||||||||||||||||||
Ambit Transaction | Crius Transaction | ||||||||||||||||||||||
Updated Preliminary Purchase Price Allocation | Measurement Period Adjustments recorded through March 31, 2020 | Updated Preliminary Purchase Price Allocation | Measurement Period Adjustments recorded through March 31, 2020 | ||||||||||||||||||||
Cash and cash equivalents | $ | $ | $ | $ | |||||||||||||||||||
Net working capital | ( | ( | |||||||||||||||||||||
Accumulated deferred income taxes | ( | ||||||||||||||||||||||
Identifiable intangible assets | ( | ||||||||||||||||||||||
Goodwill | |||||||||||||||||||||||
Commodity and other derivative contractual assets | |||||||||||||||||||||||
Other noncurrent assets | ( | ||||||||||||||||||||||
Total assets acquired | ( | ||||||||||||||||||||||
Identifiable intangible liabilities | ( | ||||||||||||||||||||||
Long-term debt, including amounts due currently | |||||||||||||||||||||||
Commodity and other derivative contractual liabilities | |||||||||||||||||||||||
Accumulated deferred income taxes | |||||||||||||||||||||||
Other noncurrent liabilities and deferred credits | |||||||||||||||||||||||
Total liabilities assumed | ( | ||||||||||||||||||||||
Identifiable net assets acquired | $ | $ | $ | $ |
Name | Location | Fuel Type | Net Generation Capacity (MW) | Number of Units | Dates Units to Be Taken Offline | |||||||||||||||||||||||||||
Coffeen | Coffeen, IL | Coal | November 1, 2019 | |||||||||||||||||||||||||||||
Duck Creek | Canton, IL | Coal | December 15, 2019 | |||||||||||||||||||||||||||||
Havana | Havana, IL | Coal | November 1, 2019 | |||||||||||||||||||||||||||||
Hennepin | Hennepin, IL | Coal | November 1, 2019 | |||||||||||||||||||||||||||||
Edwards | Bartonville, IL | Coal | By the end of 2022 | |||||||||||||||||||||||||||||
Total |
Three Months Ended March 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||
Retail | ERCOT | PJM | NY/NE | MISO | Asset Closure | CAISO/Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||
Revenue from contracts with customers: | |||||||||||||||||||||||||||||||||||||||||||||||
Retail energy charge in ERCOT | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
Retail energy charge in Northeast/Midwest | |||||||||||||||||||||||||||||||||||||||||||||||
Wholesale generation revenue from ISO/RTO | |||||||||||||||||||||||||||||||||||||||||||||||
Capacity revenue from ISO/RTO | |||||||||||||||||||||||||||||||||||||||||||||||
Revenue from other wholesale contracts | |||||||||||||||||||||||||||||||||||||||||||||||
Total revenue from contracts with customers | |||||||||||||||||||||||||||||||||||||||||||||||
Other revenues: | |||||||||||||||||||||||||||||||||||||||||||||||
Intangible amortization | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||
Hedging and other revenues (a) | |||||||||||||||||||||||||||||||||||||||||||||||
Affiliate sales | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Total other revenues | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Total revenues | $ | $ | $ | $ | $ | $ | $ | ( | $ |
Three Months Ended March 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||
Retail | ERCOT | PJM | NY/NE | MISO | Asset Closure | CAISO/Eliminations | Consolidated | ||||||||||||||||||||||||||||||||||||||||
Revenue from contracts with customers: | |||||||||||||||||||||||||||||||||||||||||||||||
Retail energy charge in ERCOT | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||
Retail energy charge in Northeast/Midwest | |||||||||||||||||||||||||||||||||||||||||||||||
Wholesale generation revenue from ISO/RTO | |||||||||||||||||||||||||||||||||||||||||||||||
Capacity revenue from ISO/RTO | |||||||||||||||||||||||||||||||||||||||||||||||
Revenue from other wholesale contracts | |||||||||||||||||||||||||||||||||||||||||||||||
Total revenue from contracts with customers | |||||||||||||||||||||||||||||||||||||||||||||||
Other revenues: | |||||||||||||||||||||||||||||||||||||||||||||||
Intangible amortization | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||
Hedging and other revenues (a) | |||||||||||||||||||||||||||||||||||||||||||||||
Affiliate sales | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Total other revenues | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Total revenues | $ | $ | $ | $ | $ | $ | 85 | $ | ( | $ |
March 31, 2020 | December 31, 2019 | ||||||||||
Trade accounts receivable from contracts with customers — net | $ | $ | |||||||||
Other trade accounts receivable — net | |||||||||||
Total trade accounts receivable — net | $ | $ |
Balance at December 31, 2019 | $ | ||||
Measurement period adjustments recorded in connection with the Ambit Transaction | |||||
Measurement period adjustments recorded in connection with the Crius Transaction | ( | ||||
Balance at March 31, 2020 | $ |
March 31, 2020 | December 31, 2019 | |||||||||||||||||||||||||||||||||||||
Identifiable Intangible Asset | Gross Carrying Amount | Accumulated Amortization | Net | Gross Carrying Amount | Accumulated Amortization | Net | ||||||||||||||||||||||||||||||||
Retail customer relationship | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||
Software and other technology-related assets | ||||||||||||||||||||||||||||||||||||||
Retail and wholesale contracts | ||||||||||||||||||||||||||||||||||||||
Contractual service agreements (a) | ||||||||||||||||||||||||||||||||||||||
Other identifiable intangible assets (b) | ||||||||||||||||||||||||||||||||||||||
Total identifiable intangible assets subject to amortization | $ | $ | $ | $ | ||||||||||||||||||||||||||||||||||
Retail trade names (not subject to amortization) | ||||||||||||||||||||||||||||||||||||||
Mineral interests (not currently subject to amortization) | ||||||||||||||||||||||||||||||||||||||
Total identifiable intangible assets | $ | $ |
Identifiable Intangible Liability | March 31, 2020 | December 31, 2019 | |||||||||
Contractual service agreements | $ | $ | |||||||||
Purchase and sale of power and capacity | |||||||||||
Fuel and transportation purchase contracts | |||||||||||
Total identifiable intangible liabilities | $ | $ |
Identifiable Intangible Assets and Liabilities | Condensed Consolidated Statements of Operations | Three Months Ended March 31, | |||||||||||||||
2020 | 2019 | ||||||||||||||||
Retail customer relationship | Depreciation and amortization | $ | $ | ||||||||||||||
Software and other technology-related assets | Depreciation and amortization | ||||||||||||||||
Retail and wholesale contracts/purchase and sale/fuel and transportation contracts | Operating revenues/fuel, purchased power costs and delivery fees | ||||||||||||||||
Other identifiable intangible assets | Operating revenues/fuel, purchased power costs and delivery fees/depreciation and amortization | ||||||||||||||||
Total intangible asset expense (a) | $ | $ |
Year | Estimated Amortization Expense | |||||||
2020 | $ | |||||||
2021 | $ | |||||||
2022 | $ | |||||||
2023 | $ | |||||||
2024 | $ |
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
Income before income taxes | $ | $ | |||||||||
Income tax expense | $ | ( | $ | ( | |||||||
Effective tax rate | % | % |
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
TRA obligation at the beginning of the period | $ | $ | |||||||||
Accretion expense | |||||||||||
Changes in tax assumptions impacting timing of payments | ( | ( | |||||||||
Impacts of Tax Receivable Agreement | ( | ||||||||||
TRA obligation at the end of the period | $ | $ |
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
Net income attributable to common stock — basic | $ | $ | |||||||||
Weighted average shares of common stock outstanding — basic (a) | |||||||||||
Net income per weighted average share of common stock outstanding — basic | $ | $ | |||||||||
Dilutive securities: Stock-based incentive compensation plan | |||||||||||
Weighted average shares of common stock outstanding — diluted | |||||||||||
Net income per weighted average share of common stock outstanding — diluted | $ | $ |
March 31, 2020 | December 31, 2019 | ||||||||||
Vistra Operations Credit Facilities | $ | $ | |||||||||
Vistra Operations Senior Secured Notes: | |||||||||||
Total Vistra Operations Senior Secured Notes | |||||||||||
Vistra Operations Senior Unsecured Notes: | |||||||||||
Total Vistra Operations Senior Unsecured Notes | |||||||||||
Vistra Energy Senior Unsecured Notes: | |||||||||||
Total Vistra Energy Senior Unsecured Notes | |||||||||||
Other: | |||||||||||
Forward Capacity Agreements | |||||||||||
Equipment Financing Agreements | |||||||||||
Other | |||||||||||
Total other long-term debt | |||||||||||
Unamortized debt premiums, discounts and issuance costs (b) | ( | ( | |||||||||
Total long-term debt including amounts due currently | |||||||||||
Less amounts due currently | ( | ( | |||||||||
Total long-term debt less amounts due currently | $ | $ |
March 31, 2020 | ||||||||||||||||||||||||||
Vistra Operations Credit Facilities | Maturity Date | Facility Limit | Cash Borrowings | Available Capacity | ||||||||||||||||||||||
Revolving Credit Facility (a) | June 14, 2023 | $ | $ | $ | ||||||||||||||||||||||
Term Loan B-3 Facility | December 31, 2025 | |||||||||||||||||||||||||
Total Vistra Operations Credit Facilities | $ | $ | $ |
Notional Amount | Expiration Date | Rate Range | ||||||||||||||||||||||||
Swapped to fixed | $ | July 2023 | % | - | ||||||||||||||||||||||
Swapped to variable | $ | July 2023 | % | - | ||||||||||||||||||||||
Swapped to fixed | $ | February 2024 | % | - | ||||||||||||||||||||||
Swapped to variable | $ | February 2024 | % | - | ||||||||||||||||||||||
Swapped to fixed (a) | $ | July 2026 | % | - | ||||||||||||||||||||||
Swapped to variable (a) | $ | July 2026 | % | - |
March 31, 2020 | |||||
Remainder of 2020 | $ | ||||
2021 | |||||
2022 | |||||
2023 | |||||
2024 | |||||
Thereafter | |||||
Unamortized premiums, discounts and debt issuance costs | ( | ||||
Total long-term debt, including amounts due currently | $ |
Common Stock (a) | Treasury Stock | Additional Paid-in Capital | Retained Earnings (Deficit) | Accumulated Other Comprehensive Income (Loss) | Total Stockholders' Equity | Noncontrolling Interest | Total Equity | ||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2019 | $ | $ | ( | $ | $ | ( | $ | ( | $ | $ | $ | ||||||||||||||||||||||||||||||||||||
Dividends declared on common stock | — | — | — | ( | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||
Effects of stock-based incentive compensation plans | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Net income (loss) | — | — | — | — | ( | ||||||||||||||||||||||||||||||||||||||||||
Adoption of accounting standard | — | — | — | ( | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||
Change in accumulated other comprehensive income (loss) | — | — | — | — | ( | ( | — | ( | |||||||||||||||||||||||||||||||||||||||
Other | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Balance at March 31, 2020 | $ | $ | ( | $ | $ | ( | $ | ( | $ | $ | ( | $ |
Common Stock (a) | Treasury Stock | Additional Paid-in Capital | Retained Earnings (Deficit) | Accumulated Other Comprehensive Income (Loss) | Total Stockholders' Equity | Noncontrolling Interest | Total Equity | ||||||||||||||||||||||||||||||||||||||||
Balance at December 31, 2018 | $ | $ | ( | $ | $ | ( | $ | ( | $ | $ | $ | ||||||||||||||||||||||||||||||||||||
Stock repurchase | — | ( | — | — | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||
Dividends declared on common stock | — | — | — | ( | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||
Effects of stock-based incentive compensation plans | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Net income | — | — | — | — | ( | ||||||||||||||||||||||||||||||||||||||||||
Adoption of accounting standard | — | — | — | ( | — | ( | — | ( | |||||||||||||||||||||||||||||||||||||||
Change in accumulated other comprehensive income (loss) | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Other | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Balance at March 31, 2019 | $ | $ | ( | $ | $ | ( | $ | ( | $ | $ | $ |
March 31, 2020 | December 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Level 1 | Level 2 | Level 3 (a) | Reclass (b) | Total | Level 1 | Level 2 | Level 3 (a) | Reclass (b) | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||
Assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust – equity securities (c) | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust – debt securities (c) | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sub-total | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||||||||||||||
Assets measured at net asset value (d): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust – equity securities (c) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | $ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | $ | $ | $ | $ | $ | $ | $ | $ | $ | $ |
March 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | ||||||||||||||||||||||||||||||||||||||||||||||||||
Contract Type (a) | Assets | Liabilities | Total | Valuation Technique | Significant Unobservable Input | Range (b) | Average (b) | |||||||||||||||||||||||||||||||||||||||||||
Electricity purchases and sales | $ | $ | ( | $ | Valuation Model | Hourly price curve shape (c) | $ | to | $ | $ | ||||||||||||||||||||||||||||||||||||||||
MWh | ||||||||||||||||||||||||||||||||||||||||||||||||||
Illiquid delivery periods for ERCOT hub power prices and heat rates (d) | $ | to | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||
MWh | ||||||||||||||||||||||||||||||||||||||||||||||||||
Options | ( | ( | Option Pricing Model | Gas to power correlation (e) | % | to | ||||||||||||||||||||||||||||||||||||||||||||
Power and gas volatility (e) | % | to | ||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights | ( | Market Approach (f) | Illiquid price differences between settlement points (g) | $ | ( | to | $ | $ | ||||||||||||||||||||||||||||||||||||||||||
MWh | ||||||||||||||||||||||||||||||||||||||||||||||||||
Other (h) | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | ( | $ |
December 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | ||||||||||||||||||||||||||||||||||||||||||||||||||
Contract Type (a) | Assets | Liabilities | Total | Valuation Technique | Significant Unobservable Input | Range (b) | Average (b) | |||||||||||||||||||||||||||||||||||||||||||
Electricity purchases and sales | $ | $ | ( | $ | Valuation Model | Hourly price curve shape (c) | $ | to | $ | $ | ||||||||||||||||||||||||||||||||||||||||
MWh | ||||||||||||||||||||||||||||||||||||||||||||||||||
Illiquid delivery periods for ERCOT hub power prices and heat rates (d) | $ | to | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||||
MWh | ||||||||||||||||||||||||||||||||||||||||||||||||||
Options | ( | ( | Option Pricing Model | Gas to power correlation (e) | % | to | ||||||||||||||||||||||||||||||||||||||||||||
Power and gas volatility (e) | % | to | ||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights | ( | Market Approach (f) | Illiquid price differences between settlement points (g) | $ | ( | to | $ | $ | ||||||||||||||||||||||||||||||||||||||||||
MWh | ||||||||||||||||||||||||||||||||||||||||||||||||||
Other (h) | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | $ | ( | $ | ( |
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
Net liability balance at beginning of period | $ | ( | $ | ( | |||||||
Total unrealized valuation gains (losses) | ( | ||||||||||
Purchases, issuances and settlements (a): | |||||||||||
Purchases | |||||||||||
Issuances | ( | ( | |||||||||
Settlements | ( | ( | |||||||||
Transfers into Level 3 (b) | |||||||||||
Transfers out of Level 3 (b) | ( | ||||||||||
Net change (c) | |||||||||||
Net asset (liability) balance at end of period | $ | $ | ( | ||||||||
Unrealized valuation gains relating to instruments held at end of period | $ | $ |
March 31, 2020 | |||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||||||||
Commodity Contracts | Interest Rate Swaps | Commodity Contracts | Interest Rate Swaps | Total | |||||||||||||||||||||||||
Current assets | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Noncurrent assets | |||||||||||||||||||||||||||||
Current liabilities | ( | ( | ( | ( | |||||||||||||||||||||||||
Noncurrent liabilities | ( | ( | ( | ( | |||||||||||||||||||||||||
Net assets (liabilities) | $ | $ | $ | ( | $ | ( | $ | ( |
December 31, 2019 | |||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||||||||
Commodity Contracts | Interest Rate Swaps | Commodity Contracts | Interest Rate Swaps | Total | |||||||||||||||||||||||||
Current assets | $ | $ | $ | $ | $ | ||||||||||||||||||||||||
Noncurrent assets | |||||||||||||||||||||||||||||
Current liabilities | ( | ( | ( | ( | |||||||||||||||||||||||||
Noncurrent liabilities | ( | ( | ( | ||||||||||||||||||||||||||
Net assets (liabilities) | $ | $ | $ | ( | $ | ( | $ | ( |
Derivative (condensed consolidated statements of operations presentation) | Three Months Ended March 31, | ||||||||||
2020 | 2019 | ||||||||||
Commodity contracts (Operating revenues) | $ | $ | |||||||||
Commodity contracts (Fuel, purchased power costs and delivery fees) | ( | ||||||||||
Interest rate swaps (Interest expense and related charges) | ( | ( | |||||||||
Net gain (loss) | $ | ( | $ |
March 31, 2020 | December 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Assets and Liabilities | Offsetting Instruments (a) | Cash Collateral (Received) Pledged (b) | Net Amounts | Derivative Assets and Liabilities | Offsetting Instruments (a) | Cash Collateral (Received) Pledged (b) | Net Amounts | |||||||||||||||||||||||||||||||||||||||||||
Derivative assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | $ | $ | ( | $ | ( | $ | $ | $ | ( | $ | $ | |||||||||||||||||||||||||||||||||||||||
Interest rate swaps | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Total derivative assets | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Total derivative liabilities | ( | ( | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||
Net amounts | $ | ( | $ | — | $ | $ | ( | $ | ( | $ | — | $ | $ | ( |
March 31, 2020 | December 31, 2019 | |||||||||||||||||||
Derivative type | Notional Volume | Unit of Measure | ||||||||||||||||||
Natural gas (a) | Million MMBtu | |||||||||||||||||||
Electricity | GWh | |||||||||||||||||||
Financial transmission rights (b) | GWh | |||||||||||||||||||
Coal | Million U.S. tons | |||||||||||||||||||
Fuel oil | Million gallons | |||||||||||||||||||
Emissions | Million tons | |||||||||||||||||||
Renewable energy certificates | Million certificates | |||||||||||||||||||
Interest rate swaps – variable/fixed (c) | $ | $ | Million U.S. dollars | |||||||||||||||||
Interest rate swaps – fixed/variable (c) | $ | $ | Million U.S. dollars |
March 31, 2020 | December 31, 2019 | ||||||||||
Fair value of derivative contract liabilities (a) | $ | ( | $ | ( | |||||||
Offsetting fair value under netting arrangements (b) | |||||||||||
Cash collateral and letters of credit | |||||||||||
Liquidity exposure | $ | ( | $ | ( |
Three months ended | Retail | ERCOT | PJM | NY/NE | MISO | Asset Closure | Corporate and Other (b) | Eliminations | Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||
Operating revenues (a): | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2020 | $ | $ | $ | $ | $ | $ | $ | $ | ( | $ | ||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2019 | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Depreciation and amortization: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2020 | $ | ( | $ | ( | $ | ( | $ | ( | $ | ( | $ | $ | ( | $ | $ | ( | ||||||||||||||||||||||||||||||||||||||||
March 31, 2019 | ( | ( | ( | ( | ( | ( | ( | |||||||||||||||||||||||||||||||||||||||||||||||||
Operating income (loss): | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2020 | $ | $ | $ | $ | $ | ( | $ | ( | $ | ( | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
March 31, 2019 | ( | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income (loss): | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2020 | $ | $ | $ | $ | $ | ( | $ | ( | $ | ( | $ | $ | ||||||||||||||||||||||||||||||||||||||||||||
March 31, 2019 | ( | ( | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capital expenditures, including nuclear fuel and excluding LTSA prepayments and development and growth expenditures: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2020 | $ | $ | $ | $ | $ | $ | $ | $ | $ | |||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2019 |
Three months ended | Retail | ERCOT | PJM | NY/NE | MISO | Asset Closure | Corporate and Other (b) | Eliminations (1) | Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2020 | $ | $ | $ | $ | $ | ( | $ | $ | $ | ( | $ | |||||||||||||||||||||||||||||||||||||||||||||
March 31, 2019 | ( | ( | ( | $ |
Pension Benefits | OPEB Benefits | ||||||||||||||||||||||
Three Months Ended March 31, | Three Months Ended March 31, | ||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||
Service cost | $ | $ | $ | $ | |||||||||||||||||||
Other costs | |||||||||||||||||||||||
Net periodic benefit cost | $ | $ | $ | $ |
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
Interest paid/accrued | $ | $ | |||||||||
Unrealized mark-to-market net losses on interest rate swaps | |||||||||||
Amortization of debt issuance costs, discounts and premiums | ( | ||||||||||
Debt extinguishment gain | ( | ( | |||||||||
Capitalized interest | ( | ( | |||||||||
Other | |||||||||||
Total interest expense and related charges | $ | $ |
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
Other income: | |||||||||||
Insurance settlement (a) | $ | $ | |||||||||
Funds released from escrow to settle pre-petition claims of our predecessor | |||||||||||
Interest income | |||||||||||
All other | |||||||||||
Total other income | $ | $ | |||||||||
Other deductions: | |||||||||||
Loss on disposal of investment in NELP (b) | $ | $ | |||||||||
All other | |||||||||||
Total other deductions | $ | $ |
March 31, 2020 | December 31, 2019 | ||||||||||||||||||||||
Current Assets | Noncurrent Assets | Current Assets | Noncurrent Assets | ||||||||||||||||||||
Amounts related to remediation escrow accounts | $ | $ | $ | $ | |||||||||||||||||||
Amounts related to restructuring escrow accounts | |||||||||||||||||||||||
Amounts related to Ambit customer deposits | |||||||||||||||||||||||
Amounts related to Ambit commodity trading agreement | |||||||||||||||||||||||
Amounts related to Ambit letters of credit (Note 11) | |||||||||||||||||||||||
Total restricted cash | $ | $ | $ | $ |
March 31, 2020 | December 31, 2019 | ||||||||||
Wholesale and retail trade accounts receivable | $ | $ | |||||||||
Allowance for uncollectible accounts | ( | ( | |||||||||
Trade accounts receivable — net | $ | $ |
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
Allowance for uncollectible accounts receivable at beginning of period (a) | $ | $ | |||||||||
Increase for bad debt expense | |||||||||||
Decrease for account write-offs | ( | ( | |||||||||
Allowance for uncollectible accounts receivable at end of period | $ | $ |
March 31, 2020 | December 31, 2019 | ||||||||||
Materials and supplies | $ | $ | |||||||||
Fuel stock | |||||||||||
Natural gas in storage | |||||||||||
Total inventories | $ | $ |
March 31, 2020 | December 31, 2019 | ||||||||||
Nuclear plant decommissioning trust | $ | $ | |||||||||
Assets related to employee benefit plans | |||||||||||
Land | |||||||||||
Total investments | $ | $ |
March 31, 2020 | December 31, 2019 | ||||||||||
Debt securities (a) | $ | $ | |||||||||
Equity securities (b) | |||||||||||
Total | $ | $ |
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
Proceeds from sales of securities | $ | $ | |||||||||
Investments in securities | $ | ( | $ | ( |
March 31, 2020 | December 31, 2019 | ||||||||||
Power generation and structures | $ | $ | |||||||||
Land | |||||||||||
Office and other equipment | |||||||||||
Total | |||||||||||
Less accumulated depreciation | ( | ( | |||||||||
Net of accumulated depreciation | |||||||||||
Finance lease right-of-use assets | |||||||||||
Nuclear fuel (net of accumulated amortization of $ | |||||||||||
Construction work in progress | |||||||||||
Property, plant and equipment — net | $ | $ |
Nuclear Plant Decommissioning | Mining Land Reclamation | Coal Ash and Other | Total | ||||||||||||||||||||
Liability at December 31, 2019 | $ | $ | $ | $ | |||||||||||||||||||
Additions: | |||||||||||||||||||||||
Accretion | |||||||||||||||||||||||
Adjustment for change in estimates | ( | ( | |||||||||||||||||||||
Reductions: | |||||||||||||||||||||||
Payments | ( | ( | ( | ||||||||||||||||||||
Liability at March 31, 2020 | |||||||||||||||||||||||
Less amounts due currently | ( | ( | ( | ||||||||||||||||||||
Noncurrent liability at March 31, 2020 | $ | $ | $ | $ |
Nuclear Plant Decommissioning | Mining Land Reclamation | Coal Ash and Other | Total | ||||||||||||||||||||
Liability at December 31, 2018 | $ | $ | $ | $ | |||||||||||||||||||
Additions: | |||||||||||||||||||||||
Accretion | |||||||||||||||||||||||
Adjustment for change in estimates | ( | ( | ( | ||||||||||||||||||||
Adjustment for obligations assumed through acquisitions | ( | ( | |||||||||||||||||||||
Reductions: | |||||||||||||||||||||||
Payments | ( | ( | ( | ||||||||||||||||||||
Liability at March 31, 2019 | |||||||||||||||||||||||
Less amounts due currently | ( | ( | ( | ||||||||||||||||||||
Noncurrent liability at March 31, 2019 | $ | $ | $ | $ |
March 31, 2020 | December 31, 2019 | ||||||||||
Retirement and other employee benefits (a) | $ | $ | |||||||||
Identifiable intangible liabilities (Note 6) | |||||||||||
Regulatory liability | |||||||||||
Finance lease liabilities | |||||||||||
Uncertain tax positions, including accrued interest | |||||||||||
Liability for third-party remediation | |||||||||||
Environmental allowances | |||||||||||
Other accrued expenses | |||||||||||
Total other noncurrent liabilities and deferred credits | $ | $ |
March 31, 2020 | December 31, 2019 | |||||||||||||||||||||||||||||||
Long-term debt (see Note 11): | Fair Value Hierarchy | Carrying Amount | Fair Value | Carrying Amount | Fair Value | |||||||||||||||||||||||||||
Long-term debt under the Vistra Operations Credit Facilities | Level 2 | $ | $ | $ | $ | |||||||||||||||||||||||||||
Vistra Operations Senior Notes | Level 2 | |||||||||||||||||||||||||||||||
Vistra Energy Senior Notes | Level 2 | |||||||||||||||||||||||||||||||
Forward Capacity Agreements | Level 3 | |||||||||||||||||||||||||||||||
Equipment Financing Agreements | Level 3 | |||||||||||||||||||||||||||||||
Building Financing | Level 2 | |||||||||||||||||||||||||||||||
Other debt | Level 3 |
March 31, 2020 | December 31, 2019 | ||||||||||
Cash and cash equivalents | $ | $ | |||||||||
Restricted cash included in current assets | |||||||||||
Restricted cash included in noncurrent assets | |||||||||||
Total cash, cash equivalents and restricted cash | $ | $ |
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
Cash payments related to: | |||||||||||
Interest paid | $ | $ | |||||||||
Capitalized interest | ( | ( | |||||||||
Interest paid (net of capitalized interest) | $ | $ | |||||||||
Income taxes paid (refunds received) (a) | $ | ( | $ | ( | |||||||
Noncash investing and financing activities: | |||||||||||
Construction expenditures (b) | $ | $ | |||||||||
Disposition of investment in NELP | $ | $ | |||||||||
Acquisition of investment in North Jersey Energy Associates | $ | $ | |||||||||
2020 | 2021 | ||||||||||
Coal/Nuclear/Renewable Generation: | |||||||||||
ERCOT | 100 | % | 73 | % | |||||||
PJM | 100 | % | 95 | % | |||||||
MISO | 100 | % | 44 | % | |||||||
Gas Generation: | |||||||||||
ERCOT | 98 | % | 26 | % | |||||||
PJM | 96 | % | 32 | % | |||||||
NYISO/ISO-NE | 100 | % | 68 | % | |||||||
CAISO | 95 | % | 65 | % |
2020 | 2021 | ||||||||||
ERCOT: | |||||||||||
Coal/Nuclear/Renewable Generation: $2.50/MWh increase in power price | $ | 1 | $ | 33 | |||||||
Coal/Nuclear/Renewable Generation: $2.50/MWh decrease in power price | $ | — | $ | (30) | |||||||
Gas Generation: $1.00/MWh increase in spark spread | $ | 2 | $ | 30 | |||||||
Gas Generation: $1.00/MWh decrease in spark spread | $ | — | $ | (26) | |||||||
Residual Natural Gas Position: $0.25/MMBtu increase in natural gas price | $ | 2 | $ | (27) | |||||||
Residual Natural Gas Position: $0.25/MMBtu decrease in natural gas price | $ | (2) | $ | 14 | |||||||
PJM: | |||||||||||
Coal Generation: $2.50/MWh increase in power price | $ | 1 | $ | 3 | |||||||
Coal Generation: $2.50/MWh decrease in power price | $ | — | $ | (1) | |||||||
Gas Generation: $1.00/MWh increase in spark spread | $ | 2 | $ | 22 | |||||||
Gas Generation: $1.00/MWh decrease in spark spread | $ | (1) | $ | (20) | |||||||
Residual Natural Gas Position: $0.25/MMBtu increase in natural gas price | $ | (2) | $ | (1) | |||||||
Residual Natural Gas Position: $0.25/MMBtu decrease in natural gas price | $ | 2 | $ | 1 | |||||||
NYISO/ISO-NE: | |||||||||||
Gas Generation: $1.00/MWh increase in spark spread | $ | 1 | $ | 4 | |||||||
Gas Generation: $1.00/MWh decrease in spark spread | $ | — | $ | (3) | |||||||
Residual Natural Gas Position: $0.25/MMBtu increase in natural gas price | $ | — | $ | — | |||||||
Residual Natural Gas Position: $0.25/MMBtu decrease in natural gas price | $ | — | $ | — | |||||||
MISO/CAISO: | |||||||||||
Coal Generation: $2.50/MWh increase in power price | $ | 1 | $ | 23 | |||||||
Coal Generation: $2.50/MWh decrease in power price | $ | — | $ | (21) | |||||||
Gas Generation: $1.00/MWh increase in spark spread | $ | — | $ | 2 | |||||||
Gas Generation: $1.00/MWh decrease in spark spread | $ | — | $ | (2) | |||||||
Residual Natural Gas Position: $0.25/MMBtu increase in natural gas price | $ | 1 | $ | — | |||||||
Residual Natural Gas Position: $0.25/MMBtu decrease in natural gas price | $ | (1) | $ | — |
Three Months Ended March 31, | Favorable (Unfavorable) $ Change | ||||||||||||||||
2020 | 2019 | ||||||||||||||||
Operating revenues | $ | 2,858 | $ | 2,923 | $ | (65) | |||||||||||
Fuel, purchased power costs and delivery fees | (1,333) | (1,461) | 128 | ||||||||||||||
Operating costs | (379) | (385) | 6 | ||||||||||||||
Depreciation and amortization | (419) | (405) | (14) | ||||||||||||||
Selling, general and administrative expenses | (252) | (182) | (70) | ||||||||||||||
Impairment of long-lived assets | (84) | — | (84) | ||||||||||||||
Operating income | 391 | 490 | (99) | ||||||||||||||
Other income | 7 | 25 | (18) | ||||||||||||||
Other deductions | (31) | (2) | (29) | ||||||||||||||
Interest expense and related charges | (300) | (222) | (78) | ||||||||||||||
Impacts of Tax Receivable Agreement | (8) | 3 | (11) | ||||||||||||||
Equity in earnings of unconsolidated investment | 3 | 7 | (4) | ||||||||||||||
Income before income taxes | 62 | 301 | (239) | ||||||||||||||
Income tax expense | (17) | (77) | 60 | ||||||||||||||
Net income | $ | 45 | $ | 224 | $ | (179) | |||||||||||
Three Months Ended March 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||
Retail | ERCOT | PJM | NY/NE | MISO | Asset Closure | Eliminations / Corporate and Other | Vistra Energy Consolidated | ||||||||||||||||||||||||||||||||||||||||
Operating revenues | $ | 1,908 | $ | 866 | $ | 648 | $ | 285 | $ | 142 | $ | — | $ | (991) | $ | 2,858 | |||||||||||||||||||||||||||||||
Fuel, purchased power costs and delivery fees | (1,545) | (270) | (277) | (175) | (74) | — | 1,008 | (1,333) | |||||||||||||||||||||||||||||||||||||||
Operating costs | (30) | (196) | (74) | (22) | (42) | (9) | (6) | (379) | |||||||||||||||||||||||||||||||||||||||
Depreciation and amortization | (80) | (122) | (139) | (48) | (11) | — | (19) | (419) | |||||||||||||||||||||||||||||||||||||||
Selling, general and administrative expenses | (154) | (21) | (25) | (13) | (12) | (7) | (20) | (252) | |||||||||||||||||||||||||||||||||||||||
Impairment of long-lived assets | — | — | — | — | (84) | — | — | (84) | |||||||||||||||||||||||||||||||||||||||
Operating income (loss) | 99 | 257 | 133 | 27 | (81) | (16) | (28) | 391 | |||||||||||||||||||||||||||||||||||||||
Other income | — | 1 | (1) | 1 | 3 | — | 3 | 7 | |||||||||||||||||||||||||||||||||||||||
Other deductions | — | (2) | (13) | (15) | — | (1) | — | (31) | |||||||||||||||||||||||||||||||||||||||
Interest expense and related charges | (4) | 2 | (2) | — | (1) | — | (295) | (300) | |||||||||||||||||||||||||||||||||||||||
Impacts of Tax Receivable Agreement | — | — | — | — | — | — | (8) | (8) | |||||||||||||||||||||||||||||||||||||||
Equity in earnings of unconsolidated investment | — | — | 1 | 2 | — | — | — | 3 | |||||||||||||||||||||||||||||||||||||||
Income (loss) before income taxes | 95 | 258 | 118 | 15 | (79) | (17) | (328) | 62 | |||||||||||||||||||||||||||||||||||||||
Income tax expense | — | — | — | — | — | — | (17) | (17) | |||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 95 | $ | 258 | $ | 118 | $ | 15 | $ | (79) | $ | (17) | $ | (345) | $ | 45 |
Three Months Ended March 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||
Retail | ERCOT | PJM | NY/NE | MISO | Asset Closure | Eliminations / Corporate and Other | Vistra Energy Consolidated | ||||||||||||||||||||||||||||||||||||||||
Operating revenues | $ | 1,386 | $ | 954 | $ | 705 | $ | 344 | $ | 169 | $ | 85 | $ | (720) | $ | 2,923 | |||||||||||||||||||||||||||||||
Fuel, purchased power costs and delivery fees | (1,197) | (333) | (316) | (229) | (92) | (59) | 765 | (1,461) | |||||||||||||||||||||||||||||||||||||||
Operating costs | (11) | (185) | (83) | (25) | (34) | (40) | (7) | (385) | |||||||||||||||||||||||||||||||||||||||
Depreciation and amortization | (59) | (132) | (130) | (64) | (3) | — | (17) | (405) | |||||||||||||||||||||||||||||||||||||||
Selling, general and administrative expenses | (101) | (16) | (12) | (10) | (18) | (10) | (15) | (182) | |||||||||||||||||||||||||||||||||||||||
Operating income (loss) | 18 | 288 | 164 | 16 | 22 | (24) | 6 | 490 | |||||||||||||||||||||||||||||||||||||||
Other income | — | 12 | — | — | 1 | — | 12 | 25 | |||||||||||||||||||||||||||||||||||||||
Other deductions | — | (2) | — | — | — | — | — | (2) | |||||||||||||||||||||||||||||||||||||||
Interest expense and related charges | (3) | 3 | (3) | (1) | (2) | — | (216) | (222) | |||||||||||||||||||||||||||||||||||||||
Impacts of Tax Receivable Agreement | — | — | — | — | — | — | 3 | 3 | |||||||||||||||||||||||||||||||||||||||
Equity in earnings of unconsolidated investment | — | — | 1 | 6 | — | — | — | 7 | |||||||||||||||||||||||||||||||||||||||
Income (loss) before income taxes | 15 | 301 | 162 | 21 | 21 | (24) | (195) | 301 | |||||||||||||||||||||||||||||||||||||||
Income tax benefit | — | — | — | — | — | — | (77) | (77) | |||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 15 | $ | 301 | $ | 162 | $ | 21 | $ | 21 | $ | (24) | $ | (272) | $ | 224 |
Three Months Ended March 31, | Favorable (Unfavorable) $ Change | ||||||||||||||||
2020 | 2019 | ||||||||||||||||
Net income | $ | 45 | $ | 224 | $ | (179) | |||||||||||
Income tax expense | 17 | 77 | (60) | ||||||||||||||
Interest expense and related charges (a) | 300 | 222 | 78 | ||||||||||||||
Depreciation and amortization (b) | 438 | 422 | 16 | ||||||||||||||
EBITDA before Adjustments | 800 | 945 | (145) | ||||||||||||||
Unrealized net gain resulting from hedging transactions | (125) | (186) | 61 | ||||||||||||||
Generation plant retirement expenses | (1) | — | (1) | ||||||||||||||
Fresh start/purchase accounting impacts | 4 | 16 | (12) | ||||||||||||||
Impacts of Tax Receivable Agreement | 8 | (3) | 11 | ||||||||||||||
Non-cash compensation expenses | 13 | 13 | — | ||||||||||||||
Transition and merger expenses | 19 | 18 | 1 | ||||||||||||||
Impairment of long-lived assets | 84 | — | 84 | ||||||||||||||
Loss on disposal of investment in NELP | 28 | — | 28 | ||||||||||||||
Other, net | 3 | (1) | 4 | ||||||||||||||
Adjusted EBITDA | $ | 833 | $ | 802 | $ | 31 |
Three Months Ended March 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||
Retail | ERCOT | PJM | NY/NE | MISO | Asset Closure | Eliminations / Corporate and Other | Vistra Energy Consolidated | ||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 95 | $ | 258 | $ | 118 | $ | 15 | $ | (79) | $ | (17) | $ | (345) | $ | 45 | |||||||||||||||||||||||||||||||
Income tax expense | — | — | — | — | — | — | 17 | 17 | |||||||||||||||||||||||||||||||||||||||
Interest expense and related charges (a) | 4 | (2) | 2 | — | 1 | — | 295 | 300 | |||||||||||||||||||||||||||||||||||||||
Depreciation and amortization (b) | 80 | 142 | 138 | 48 | 11 | — | 19 | 438 | |||||||||||||||||||||||||||||||||||||||
EBITDA before Adjustments | 179 | 398 | 258 | 63 | (67) | (17) | (14) | 800 | |||||||||||||||||||||||||||||||||||||||
Unrealized net (gain) loss resulting from hedging transactions | 121 | (181) | (66) | (21) | 10 | — | 12 | (125) | |||||||||||||||||||||||||||||||||||||||
Generation plant retirement expenses | — | — | — | — | — | (1) | — | (1) | |||||||||||||||||||||||||||||||||||||||
Fresh start/purchase accounting impacts | 4 | (3) | 2 | — | 1 | — | — | 4 | |||||||||||||||||||||||||||||||||||||||
Impacts of Tax Receivable Agreement | — | — | — | — | — | — | 8 | 8 | |||||||||||||||||||||||||||||||||||||||
Non-cash compensation expenses | — | — | — | — | — | — | 13 | 13 | |||||||||||||||||||||||||||||||||||||||
Transition and merger expenses | 5 | 2 | 7 | — | — | — | 5 | 19 | |||||||||||||||||||||||||||||||||||||||
Impairment of long-lived assets | — | — | — | — | 84 | — | — | 84 | |||||||||||||||||||||||||||||||||||||||
Loss on disposal of investment in NELP | — | — | 13 | 15 | — | — | — | 28 | |||||||||||||||||||||||||||||||||||||||
Other, net | 2 | 1 | 4 | 3 | — | 1 | (8) | 3 | |||||||||||||||||||||||||||||||||||||||
Adjusted EBITDA | $ | 311 | $ | 217 | $ | 218 | $ | 60 | $ | 28 | $ | (17) | $ | 16 | $ | 833 |
Three Months Ended March 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||
Retail | ERCOT | PJM | NY/NE | MISO | Asset Closure | Eliminations / Corporate and Other | Vistra Energy Consolidated | ||||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 15 | $ | 301 | $ | 162 | $ | 21 | $ | 21 | $ | (24) | $ | (272) | $ | 224 | |||||||||||||||||||||||||||||||
Income tax expense | — | — | — | — | — | — | 77 | 77 | |||||||||||||||||||||||||||||||||||||||
Interest expense and related charges (a) | 3 | (3) | 3 | 1 | 2 | — | 216 | 222 | |||||||||||||||||||||||||||||||||||||||
Depreciation and amortization (b) | 59 | 149 | 130 | 64 | 3 | — | 17 | 422 | |||||||||||||||||||||||||||||||||||||||
EBITDA before Adjustments | 77 | 447 | 295 | 86 | 26 | (24) | 38 | 945 | |||||||||||||||||||||||||||||||||||||||
Unrealized net (gain) loss resulting from hedging transactions | 164 | (251) | (91) | (6) | 14 | — | (16) | (186) | |||||||||||||||||||||||||||||||||||||||
Fresh start accounting impacts | 14 | 2 | (6) | 2 | 4 | 1 | (1) | 16 | |||||||||||||||||||||||||||||||||||||||
Impacts of Tax Receivable Agreement | — | — | — | — | — | — | (3) | (3) | |||||||||||||||||||||||||||||||||||||||
Non-cash compensation expenses | — | — | — | — | — | — | 13 | 13 | |||||||||||||||||||||||||||||||||||||||
Transition and merger expenses | — | 1 | 1 | 1 | 8 | — | 7 | 18 | |||||||||||||||||||||||||||||||||||||||
Other, net | 2 | 5 | 2 | 3 | 5 | 1 | (19) | (1) | |||||||||||||||||||||||||||||||||||||||
Adjusted EBITDA | $ | 257 | $ | 204 | $ | 201 | $ | 86 | $ | 57 | $ | (22) | $ | 19 | $ | 802 |
Three Months Ended March 31, | Favorable (Unfavorable) Change | ||||||||||||||||
2020 | 2019 | ||||||||||||||||
Operating revenues: | |||||||||||||||||
Revenues in ERCOT | $ | 1,271 | $ | 1,048 | $ | 223 | |||||||||||
Revenues in Northeast/Midwest | 640 | 348 | 292 | ||||||||||||||
Amortization expense | (4) | (9) | 5 | ||||||||||||||
Other revenues | 1 | (1) | 2 | ||||||||||||||
Total operating revenues | 1,908 | 1,386 | 522 | ||||||||||||||
Fuel, purchased power costs and delivery fees: | |||||||||||||||||
Purchases from affiliates | $ | (954) | (673) | (281) | |||||||||||||
Unrealized net gains (losses) on hedging activities with affiliates | (119) | (165) | 46 | ||||||||||||||
Unrealized net gains (losses) on hedging activities | (3) | 2 | (5) | ||||||||||||||
Delivery fees | (428) | (348) | (80) | ||||||||||||||
Other costs (a) | (41) | (13) | (28) | ||||||||||||||
Total fuel, purchased power costs and delivery fees | (1,545) | (1,197) | (348) | ||||||||||||||
Net income (loss) | $ | 95 | $ | 15 | $ | 80 | |||||||||||
Adjusted EBITDA | $ | 311 | $ | 257 | $ | 54 | |||||||||||
Retail sales volumes (GWh): | |||||||||||||||||
Retail electricity sales volumes: | |||||||||||||||||
Sales volumes in ERCOT | 11,790 | 9,782 | 2,008 | ||||||||||||||
Sales volumes in Northeast/Midwest | 9,204 | 6,551 | 2,653 | ||||||||||||||
Total retail electricity sales volumes | 20,994 | 16,333 | 4,661 | ||||||||||||||
Weather (North Texas average) - percent of normal (b): | |||||||||||||||||
Cooling degree days | 136.2 | % | 48.1 | % | |||||||||||||
Heating degree days | 83.7 | % | 111.2 | % |
Three Months Ended March 31, 2020 Compared to 2019 | |||||
Higher margin due to the addition of Crius acquired in July 2019 and Ambit acquired in November 2019 | $ | 101 | |||
Other driven by higher SG&A expense and bad debt expense | (47) | ||||
Change in Adjusted EBITDA | $ | 54 | |||
Change in depreciation and amortization expenses driven by Crius/Ambit intangibles | (21) | ||||
Favorable impact of lower unrealized net losses on hedging activities | 43 | ||||
Lower transition and merger and other expenses | 4 | ||||
Change in net income | $ | 80 |
Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||||||||||||||
ERCOT | PJM | NY/NE | MISO | ||||||||||||||||||||||||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||||||||||||||||||||||
Operating revenues: | |||||||||||||||||||||||||||||||||||||||||||||||
Electricity sales | $ | 265 | $ | 359 | $ | 229 | $ | 325 | $ | 72 | $ | 250 | $ | 70 | $ | 141 | |||||||||||||||||||||||||||||||
Capacity | — | — | 14 | 67 | 26 | 80 | 5 | 10 | |||||||||||||||||||||||||||||||||||||||
Sales to affiliates | 398 | 358 | 325 | 222 | 157 | 15 | 72 | 43 | |||||||||||||||||||||||||||||||||||||||
Rolloff of unrealized net gains (losses) representing positions settled in the current period | (41) | (32) | 16 | (9) | (2) | (20) | (15) | (16) | |||||||||||||||||||||||||||||||||||||||
Unrealized net gains (losses) on hedging activities | 175 | 122 | 22 | 68 | 22 | 21 | 16 | 9 | |||||||||||||||||||||||||||||||||||||||
Unrealized net gains (losses) on hedging activities with affiliates | 69 | 147 | 42 | 32 | 10 | — | (2) | (14) | |||||||||||||||||||||||||||||||||||||||
Other revenues | — | — | — | — | — | (2) | (4) | (4) | |||||||||||||||||||||||||||||||||||||||
Operating revenues | 866 | 954 | 648 | 705 | 285 | 344 | 142 | 169 | |||||||||||||||||||||||||||||||||||||||
Fuel, purchased power costs and delivery fees: | |||||||||||||||||||||||||||||||||||||||||||||||
Fuel for generation facilities and purchased power costs | (215) | (319) | (256) | (316) | (160) | (232) | (64) | (97) | |||||||||||||||||||||||||||||||||||||||
Fuel for generation facilities and purchased power costs from affiliates | 2 | — | (2) | — | (1) | — | 1 | — | |||||||||||||||||||||||||||||||||||||||
Unrealized (gains) losses from hedging activities | (22) | 14 | (14) | — | (9) | 5 | (9) | 7 | |||||||||||||||||||||||||||||||||||||||
Ancillary and other costs | (35) | (28) | (5) | — | (5) | (2) | (2) | (2) | |||||||||||||||||||||||||||||||||||||||
Fuel, purchased power costs and delivery fees | (270) | (333) | (277) | (316) | (175) | (229) | (74) | (92) | |||||||||||||||||||||||||||||||||||||||
Net income (loss) | $ | 258 | $ | 301 | $ | 118 | $ | 162 | $ | 15 | $ | 21 | $ | (79) | $ | 21 | |||||||||||||||||||||||||||||||
Adjusted EBITDA | $ | 217 | $ | 204 | $ | 218 | $ | 201 | $ | 60 | $ | 86 | $ | 28 | $ | 57 | |||||||||||||||||||||||||||||||
Production volumes (GWh): | |||||||||||||||||||||||||||||||||||||||||||||||
Natural gas facilities | 8,864 | 8,391 | 9,430 | 9,519 | 3,718 | 4,953 | |||||||||||||||||||||||||||||||||||||||||
Lignite and coal facilities | 5,563 | 6,980 | 2,826 | 4,940 | 2,868 | 4,680 | |||||||||||||||||||||||||||||||||||||||||
Nuclear facilities | 5,224 | 4,618 | |||||||||||||||||||||||||||||||||||||||||||||
Solar/Battery facilities | 79 | 86 | |||||||||||||||||||||||||||||||||||||||||||||
Capacity factors: | |||||||||||||||||||||||||||||||||||||||||||||||
CCGT facilities | 51.0 | % | 48.9 | % | 72.2 | % | 73.7 | % | 36.4 | % | 48.5 | % | |||||||||||||||||||||||||||||||||||
Lignite and coal facilities | 57.2 | % | 71.8 | % | 37.6 | % | 65.7 | % | 41.7 | % | 68.0 | % | |||||||||||||||||||||||||||||||||||
Nuclear facilities | 105.1 | % | 93.0 | % | |||||||||||||||||||||||||||||||||||||||||||
Weather - percent of normal (a): | |||||||||||||||||||||||||||||||||||||||||||||||
Heating degree days | 78.0 | % | 109.5 | % | 82.4 | % | 100.3 | % | 84.2 | % | 100.7 | % | 84.0 | % | 100.4 | % | |||||||||||||||||||||||||||||||
Market pricing: | |||||||||||||||||||||||||||||||||||||||||||||||
Average ERCOT North power price ($/MWh) | $ | 19.39 | $ | 24.41 | |||||||||||||||||||||||||||||||||||||||||||
Average NYMEX Henry Hub natural gas price ($/MMBTU) | $ | 1.88 | $ | 2.89 |
Three Months Ended March 31, | |||||||||||||||||||||||||||||||||||||||||||||||
ERCOT | PJM | NY/NE | MISO | ||||||||||||||||||||||||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | 2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||||||||||||||||||||||
Average Market On-Peak Power Prices ($MWh) (b): | |||||||||||||||||||||||||||||||||||||||||||||||
PJM West Hub | $ | 22.50 | $ | 33.94 | |||||||||||||||||||||||||||||||||||||||||||
AEP Dayton Hub | $ | 22.38 | $ | 32.67 | |||||||||||||||||||||||||||||||||||||||||||
NYISO Zone C | $ | 18.33 | $ | 33.90 | |||||||||||||||||||||||||||||||||||||||||||
Massachusetts Hub | $ | 24.59 | $ | 47.79 | |||||||||||||||||||||||||||||||||||||||||||
Indiana Hub | $ | 24.65 | $ | 33.96 | |||||||||||||||||||||||||||||||||||||||||||
Northern Illinois Hub | $ | 21.23 | $ | 29.92 | |||||||||||||||||||||||||||||||||||||||||||
Average natural gas price (c): | |||||||||||||||||||||||||||||||||||||||||||||||
TetcoM3 ($/MMBtu) | $ | 1.77 | $ | 3.33 | |||||||||||||||||||||||||||||||||||||||||||
Algonquin Citygates ($/MMBtu) | $ | 2.22 | $ | 5.09 |
Three Months Ended March 31, 2020 Compared to 2019 | |||||||||||||||||||||||
ERCOT | PJM | NY/NE | MISO | ||||||||||||||||||||
Favorable/(unfavorable) change in revenue net of fuel | $ | 39 | $ | 16 | $ | (22) | $ | (16) | |||||||||||||||
Favorable/(unfavorable) change in other operating costs | (10) | 8 | 2 | (8) | |||||||||||||||||||
Unfavorable change in selling. general and administrative expenses | (4) | (3) | (2) | (6) | |||||||||||||||||||
Other | (12) | (4) | (4) | 1 | |||||||||||||||||||
Change in Adjusted EBITDA | $ | 13 | $ | 17 | $ | (26) | $ | (29) | |||||||||||||||
Favorable/(unfavorable) change in depreciation and amortization | 7 | (8) | 16 | (8) | |||||||||||||||||||
Unrealized net gains on hedging activities | (70) | (25) | 15 | 4 | |||||||||||||||||||
Fresh start/purchase accounting impacts | 5 | (8) | 2 | 3 | |||||||||||||||||||
Transition and merger expenses | (1) | (6) | 1 | 8 | |||||||||||||||||||
Impairment of long-lived assets | — | — | — | (84) | |||||||||||||||||||
Loss on disposal of investment in NELP | — | (13) | (15) | — | |||||||||||||||||||
Other (including interest) | 3 | (1) | 1 | 6 | |||||||||||||||||||
Change in Net income (loss) | $ | (43) | $ | (44) | $ | (6) | $ | (100) |
Three Months Ended March 31, | Favorable (Unfavorable) Change | ||||||||||||||||
2020 | 2019 | ||||||||||||||||
Operating revenues | $ | — | $ | 85 | $ | (85) | |||||||||||
Fuel, purchased power costs and delivery fees | — | (59) | 59 | ||||||||||||||
Operating costs | (9) | (40) | 31 | ||||||||||||||
Selling, general and administrative expenses | (7) | (10) | 3 | ||||||||||||||
Operating loss | (16) | (24) | 8 | ||||||||||||||
Other income | — | — | — | ||||||||||||||
Net loss | $ | (17) | $ | (24) | $ | 7 | |||||||||||
Adjusted EBITDA | $ | (17) | $ | (22) | $ | 5 | |||||||||||
Production volumes (GWh) | — | 2,476 | (2,476) |
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
Commodity contract net liability at beginning of period | $ | (279) | $ | (850) | |||||||
Settlements/termination of positions (a) | (26) | (68) | |||||||||
Changes in fair value of positions in the portfolio (b) | 151 | 254 | |||||||||
Other activity (c) | 20 | (28) | |||||||||
Commodity contract net liability at end of period | $ | (134) | $ | (692) |
Maturity dates of unrealized commodity contract net liability at March 31, 2020 | ||||||||||||||||||||||||||||||||
Less than 1 year | 1-3 years | 4-5 years | Excess of 5 years | Total | ||||||||||||||||||||||||||||
Prices actively quoted | $ | 132 | $ | 11 | $ | (2) | $ | — | $ | 141 | ||||||||||||||||||||||
Prices provided by other external sources | (225) | (78) | — | — | (303) | |||||||||||||||||||||||||||
Prices based on models | 63 | 13 | 4 | (52) | 28 | |||||||||||||||||||||||||||
Total | $ | (30) | $ | (54) | $ | 2 | $ | (52) | $ | (134) | ||||||||||||||||||||||
Three Months Ended March 31, | |||||||||||
2020 | 2019 | ||||||||||
Capital expenditures, including LTSA prepayments | $ | 160 | $ | 118 | |||||||
Nuclear fuel purchases | 24 | 13 | |||||||||
Growth and development expenditures | 77 | 22 | |||||||||
Capital expenditures | $ | 261 | $ | 153 |
March 31, 2020 | December 31, 2019 | Change | |||||||||||||||
Cash and cash equivalents | $ | 717 | $ | 300 | $ | 417 | |||||||||||
Vistra Operations Credit Facilities — Revolving Credit Facility | 1,117 | 1,426 | (309) | ||||||||||||||
Total available liquidity | $ | 1,834 | $ | 1,726 | $ | 108 |
Three Months Ended March 31, 2020 | |||||
Revenues | $ | 2,735 | |||
Operating income | $ | 444 | |||
Net income | $ | 101 | |||
Net income attributable to Vistra Energy | $ | 101 |
March 31, 2020 | March 31, 2020 | |||||||||||||
Current assets | $ | 3,921 | Current liabilities | $ | 3,796 | |||||||||
Noncurrent assets | 21,617 | Noncurrent liabilities | 13,942 | |||||||||||
Total assets | $ | 25,538 | Total liabilities | $ | 17,738 | |||||||||
Noncontrolling interest | $ | — |
Three Months Ended March 31, 2020 | Year Ended December 31, 2019 | ||||||||||
Month-end average VaR | $ | 323 | $ | 263 | |||||||
Month-end high VaR | $ | 361 | $ | 520 | |||||||
Month-end low VaR | $ | 289 | $ | 103 |
Exposure Before Credit Collateral | Credit Collateral | Net Exposure | |||||||||||||||
Investment grade | $ | 450 | $ | 23 | $ | 427 | |||||||||||
Below investment grade or no rating | 22 | 2 | 20 | ||||||||||||||
Totals | $ | 472 | $ | 25 | $ | 447 | |||||||||||
Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of a Publicly Announced Program | Maximum Dollar Amount of Shares that may yet be Purchased under the Program (in millions) | |||||||||||||||||||||||
January 1 - January 31, 2020 | — | $ | — | — | $ | 332 | ||||||||||||||||||||
February 1 - February 29, 2020 | — | $ | — | — | $ | 332 | ||||||||||||||||||||
March 1 - March 31, 2020 | — | $ | — | — | $ | 332 | ||||||||||||||||||||
For the quarter ended March 31, 2020 | — | $ | — | — | $ | 332 |
Exhibits | Previously Filed With File Number* | As Exhibit | ||||||||||||||||||||||||
(3(i)) | Articles of Incorporation | |||||||||||||||||||||||||
3.1 | 001-38086 Form 8-K (filed May 4, 2020) | 3.1 | — | |||||||||||||||||||||||
(3(ii)) | Bylaws | |||||||||||||||||||||||||
3.2 | 001-38086 Form 8-K (filed May 4, 2020) | 3.2 | — | |||||||||||||||||||||||
(4) | Instruments Defining the Rights of Security Holders, Including Indentures | |||||||||||||||||||||||||
4.1 | ** | — | ||||||||||||||||||||||||
4.2 | ** | — | ||||||||||||||||||||||||
4.3 | ** | — | ||||||||||||||||||||||||
4.4 | ** | — | ||||||||||||||||||||||||
4.5 | ** | — | ||||||||||||||||||||||||
4.6 | ** | — | ||||||||||||||||||||||||
4.7 | ** | — | ||||||||||||||||||||||||
4.8 | ** | — | ||||||||||||||||||||||||
4.9 | ** | — | ||||||||||||||||||||||||
4.10 | ** | — | ||||||||||||||||||||||||
Exhibits | Previously Filed With File Number* | As Exhibit | ||||||||||||||||||||||||
4.11 | ** | — | ||||||||||||||||||||||||
4.12 | ** | — | ||||||||||||||||||||||||
(10) | Material Contracts | |||||||||||||||||||||||||
10.1 (****) | 001-38086 Form 8-K (filed February 27, 2020) | 10.1 | — | |||||||||||||||||||||||
10.2 (****) | 001-38086 Form 8-K (filed February 27, 2020) | 10.2 | — | |||||||||||||||||||||||
(31) | Rule 13a-14(a) / 15d-14(a) Certifications | |||||||||||||||||||||||||
31.1 | ** | — | ||||||||||||||||||||||||
31.2 | ** | — | ||||||||||||||||||||||||
(32) | Section 1350 Certifications | |||||||||||||||||||||||||
32.1 | *** | — | ||||||||||||||||||||||||
32.2 | *** | — | ||||||||||||||||||||||||
(95) | Mine Safety Disclosures | |||||||||||||||||||||||||
95.1 | ** | — | ||||||||||||||||||||||||
XBRL Data Files | ||||||||||||||||||||||||||
101.INS | ** | — | The following financial information from Vistra Energy Corp.'s Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 formatted in Inline XBRL (Extensible Business Reporting Language) includes: (i) the Condensed Consolidated Statements of Operations, (ii) the Condensed Consolidated Statements of Comprehensive Income, (iii) the Condensed Consolidated Statements of Cash Flows, (iv) the Condensed Consolidated Balance Sheets and (v) the Notes to the Condensed Consolidated Financial Statements. | |||||||||||||||||||||||
101.SCH | ** | — | XBRL Taxonomy Extension Schema Document | |||||||||||||||||||||||
101.CAL | ** | — | XBRL Taxonomy Extension Calculation Linkbase Document | |||||||||||||||||||||||
101.DEF | ** | — | XBRL Taxonomy Extension Definition Linkbase Document | |||||||||||||||||||||||
101.LAB | ** | — | XBRL Taxonomy Extension Label Linkbase Document | |||||||||||||||||||||||
101.PRE | ** | — | XBRL Taxonomy Extension Presentation Linkbase Document | |||||||||||||||||||||||
104 | ** | — | The Cover Page Interactive Data File does not appear in Exhibit 104 because its XBRL tags are embedded within the Inline XBRL document. |
Vistra Energy Corp. | ||||||||||||||
By: | /s/ CHRISTY DOBRY | |||||||||||||
Name: | Christy Dobry | |||||||||||||
Title: | Vice President and Controller | |||||||||||||
(Principal Accounting Officer) |
BIG SKY GAS, LLC BIG SKY GAS HOLDINGS, LLC CINCINNATI BELL ENERGY, LLC CRIUS ENERGY, LLC CRIUS ENERGY CORPORATION CRIUS ENERGY MANAGEMENT, LLC CRIUS ENERGY MANAGEMENT 2, LLC CRIUS SOLAR FULFILLMENT, LLC CRIUS SOLAR HOLDINGS, LLC CRIUS SOLAR, LLC ENERGY REWARDS, LLC ENERGY SOLUTIONS GROUP, LLC EVERYDAY ENERGY NJ, LLC EVERYDAY ENERGY, LLC PEOPLE’S CHOICE ENERGY, LLC PUBLIC POWER & UTILITY OF MARYLAND, LLC PUBLIC POWER & UTILITY OF NY, INC. PUBLIC POWER, LLC (a Connecticut limited liability company) PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) REGIONAL ENERGY HOLDINGS, INC. TRIEAGLE 1, LLC TRIEAGLE 2, LLC TRIEAGLE ENERGY LP VIRIDIAN ENERGY, LLC VIRIDIAN ENERGY PA LLC VIRIDIAN ENERGY NY, LLC VIRIDIAN NETWORK, LLC | ||
BIG SKY GAS HOLDINGS, LLC | ||
CINCINNATI BELL ENERGY, LLC | ||
CRIUS ENERGY, LLC | ||
CRIUS ENERGY CORPORATION | ||
CRIUS ENERGY MANAGEMENT, LLC | ||
CRIUS ENERGY MANAGEMENT 2, LLC | ||
CRIUS SOLAR FULFILLMENT, LLC | ||
CRIUS SOLAR HOLDINGS, LLC | ||
CRIUS SOLAR, LLC | ||
ENERGY REWARDS, LLC | ||
ENERGY SOLUTIONS GROUP, LLC | ||
EVERYDAY ENERGY NJ, LLC | ||
EVERYDAY ENERGY, LLC | ||
PEOPLE’S CHOICE ENERGY, LLC | ||
PUBLIC POWER & UTILITY OF MARYLAND, LLC | ||
PUBLIC POWER & UTILITY OF NY, INC. | ||
PUBLIC POWER, LLC (a Connecticut limited liability company) | ||
PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) | ||
REGIONAL ENERGY HOLDINGS, INC. | ||
TRIEAGLE 1, LLC | ||
TRIEAGLE 2, LLC | ||
TRIEAGLE ENERGY LP | ||
VIRIDIAN ENERGY, LLC | ||
VIRIDIAN ENERGY PA LLC | ||
VIRIDIAN ENERGY NY, LLC | ||
VIRIDIAN NETWORK, LLC | ||
AS THE GUARANTEEING SUBSIDIARIES |
ANP BELLINGHAM ENERGY COMPANY, LLC | ILLINOVA CORPORATION | ||||||||||
ANP BLACKSTONE ENERGY COMPANY, LLC | IPH, LLC | ||||||||||
BIG BROWN POWER COMPANY LLC BRIGHTSIDE SOLAR, LLC | KINCAID GENERATION, L.L.C. | ||||||||||
CALUMET ENERGY TEAM, LLC | LA FRONTERA HOLDINGS, LLC | ||||||||||
CASCO BAY ENERGY COMPANY, LLC | LAKE ROAD GENERATING COMPANY, LLC | ||||||||||
COFFEEN AND WESTERN RAILROAD COMPANY | LIBERTY ELECTRIC POWER, LLC | ||||||||||
COLETO CREEK POWER, LLC | LONE STAR ENERGY COMPANY, INC. | ||||||||||
COMANCHE PEAK POWER COMPANY LLC | LONE STAR PIPELINE COMPANY, INC. | ||||||||||
CORE SOLAR SPV I, LLC | LUMINANT ENERGY COMPANY LLC | ||||||||||
DALLAS POWER & LIGHT COMPANY, INC. | LUMINANT ENERGY TRADING CALIFORNIA COMPANY | ||||||||||
DYNEGY ADMINISTRATIVE SERVICES COMPANY | LUMINANT ET SERVICES COMPANY LLC | ||||||||||
DYNEGY ASSOCIATES NORTHEAST LP, INC. | LUMINANT GENERATION COMPANY LLC | ||||||||||
DYNEGY COAL GENERATION, LLC | LUMINANT MINING COMPANY LLC | ||||||||||
DYNEGY COAL HOLDCO, LLC | MASSPOWER, LLC | ||||||||||
DYNEGY COAL TRADING & TRANSPORTATION, L.L.C. | MIDLOTHIAN ENERGY, LLC | ||||||||||
DYNEGY COMMERCIAL ASSET MANAGEMENT, LLC | MILFORD POWER COMPANY, LLC | ||||||||||
DYNEGY CONESVILLE, LLC | MOSS LANDING ENERGY STORAGE 1, LLC | ||||||||||
DYNEGY DICKS CREEK, LLC | NCA RESOURCES DEVELOPMENT COMPANY LLC | ||||||||||
DYNEGY ENERGY SERVICES (EAST), LLC | NEPCO SERVICES COMPANY | ||||||||||
DYNEGY ENERGY SERVICES, LLC | NORTHEASTERN POWER COMPANY | ||||||||||
DYNEGY FAYETTE II, LLC | OAK GROVE MANAGEMENT COMPANY LLC | ||||||||||
DYNEGY GAS IMPORTS, LLC | ONTELAUNEE POWER OPERATING COMPANY, LLC | ||||||||||
DYNEGY HANGING ROCK II, LLC | PLEASANTS ENERGY, LLC | ||||||||||
DYNEGY KENDALL ENERGY, LLC | RICHLAND-STRYKER GENERATION LLC | ||||||||||
DYNEGY KILLEN, LLC | SANDOW POWER COMPANY LLC | ||||||||||
DYNEGY MARKETING AND TRADE, LLC | SITHE ENERGIES, INC. | ||||||||||
DYNEGY MIAMI FORT, LLC | SITHE/INDEPENDENCE LLC | ||||||||||
DYNEGY MIDWEST GENERATION, LLC | SOUTHWESTERN ELECTRIC SERVICE COMPANY, INC. | ||||||||||
DYNEGY MORRO BAY, LLC | TEXAS ELECTRIC SERVICE COMPANY, INC. | ||||||||||
DYNEGY MOSS LANDING, LLC | TEXAS ENERGY INDUSTRIES COMPANY, INC. | ||||||||||
DYNEGY NORTHEAST GENERATION GP, INC. | TEXAS POWER & LIGHT COMPANY, INC. | ||||||||||
DYNEGY OAKLAND, LLC | TEXAS UTILITIES COMPANY, INC. | ||||||||||
DYNEGY OPERATING COMPANY | TEXAS UTILITIES ELECTRIC COMPANY, INC. | ||||||||||
DYNEGY POWER GENERATION INC. | T-FUELS, LLC | ||||||||||
DYNEGY POWER MARKETING, LLC | TXU ELECTRIC COMPANY, INC. | ||||||||||
DYNEGY POWER, LLC | TXU ENERGY RETAIL COMPANY LLC | ||||||||||
DYNEGY RESOURCE II, LLC | TXU RETAIL SERVICES COMPANY | ||||||||||
DYNEGY RESOURCES GENERATING HOLDCO, LLC | UPTON COUNTY SOLAR 2, LLC | ||||||||||
DYNEGY SOUTH BAY, LLC | VALUE BASED BRANDS LLC | ||||||||||
DYNEGY STUART, LLC | VISTRA ASSET COMPANY LLC | ||||||||||
DYNEGY WASHINGTON II, LLC | VISTRA CORPORATE SERVICES COMPANY | ||||||||||
DYNEGY ZIMMER, LLC | VISTRA EP PROPERTIES COMPANY | ||||||||||
EMERALD GROVE SOLAR, LLC ENNIS POWER COMPANY, LLC | VISTRA FINANCE CORP. |
EQUIPOWER RESOURCES CORP. | VISTRA INSURANCE SOLUTIONS LLC | ||||||||||
GENERATION SVC COMPANY | VISTRA INTERMEDIATE COMPANY LLC | ||||||||||
HALLMARK SOLAR, LLC HAVANA DOCK ENTERPRISES, LLC | VISTRA OPERATIONS COMPANY LLC | ||||||||||
HAYS ENERGY, LLC | VISTRA PREFERRED INC. | ||||||||||
HOPEWELL POWER GENERATION, LLC | VOLT ASSET COMPANY, INC. | ||||||||||
ILLINOIS POWER GENERATING COMPANY | VOLT VENTURES LLC | ||||||||||
ILLINOIS POWER MARKETING COMPANY | WHARTON COUNTY GENERATION, LLC | ||||||||||
ILLINOIS POWER RESOURCES GENERATING, LLC | WISE COUNTY POWER COMPANY, LLC | ||||||||||
ILLINOIS POWER RESOURCES, LLC | WISE-FUELS PIPELINE, INC., |
Name | Jurisdiction | ||||
Big Sky Gas, LLC | Montana | ||||
Big Sky Gas Holdings, LLC | Delaware | ||||
Cincinnati Bell Energy, LLC | Nevada | ||||
Crius Energy, LLC | Delaware | ||||
Crius Energy Corporation | Delaware | ||||
Crius Energy Management, LLC | Delaware | ||||
Crius Energy Management 2, LLC | Nevada | ||||
Crius Solar Fulfillment, LLC | Delaware | ||||
Crius Solar Holdings, LLC | Nevada | ||||
Crius Solar, LLC | Nevada | ||||
Energy Rewards, LLC | Nevada | ||||
Energy Solutions Group, LLC | Nevada | ||||
Everyday Energy NJ, LLC | New Jersey | ||||
Everyday Energy, LLC | Nevada | ||||
People’s Choice Energy, LLC | Nevada | ||||
Public Power & Utility of Maryland, LLC | Maryland | ||||
Public Power & Utility of NY, LLC | New York | ||||
Public Power, LLC | Connecticut | ||||
Public Power, LLC | Pennsylvania | ||||
Regional Energy Holdings, Inc. | Nevada | ||||
Trieagle 1, LLC | Nevada | ||||
Trieagle 2, LLC | Nevada | ||||
Trieagle Energy LP | Texas | ||||
Viridian Energy, LLC | Nevada | ||||
Viridian Energy PA LLC | Nevada | ||||
Viridian Energy NY, LLC | New York | ||||
Viridian Network, LLC | Delaware |
AMBIT HOLDINGS, LLC AMBIT HOLDINGS US, LLC AMBIT ENERGY HOLDINGS, LLC BLUENET HOLDINGS, LLC AMBIT MARKETING, LLC AMBIT MANAGEMENT, LLC AMBIT NEW YORK, LLC AMBIT ILLINOIS, LLC AMBIT CALIFORNIA, LLC AMBIT SOUTHEAST, LLC AMBIT TEXAS, LLC AMBIT NORTHEAST, LLC AMBIT OHIO, LLC AMBIT MIDWEST, LLC AMBIT SOUTHWEST, LLC, | ||
AMBIT HOLDINGS US, LLC | ||
AMBIT ENERGY HOLDINGS, LLC | ||
BLUENET HOLDINGS, LLC | ||
AMBIT MARKETING, LLC | ||
AMBIT MANAGEMENT, LLC | ||
AMBIT NEW YORK, LLC | ||
AMBIT ILLINOIS, LLC | ||
AMBIT CALIFORNIA, LLC | ||
AMBIT SOUTHEAST, LLC | ||
AMBIT TEXAS, LLC | ||
AMBIT NORTHEAST, LLC | ||
AMBIT OHIO, LLC | ||
AMBIT MIDWEST, LLC | ||
AMBIT SOUTHWEST, LLC, | ||
as the Guaranteeing Subsidiaries |
ANP BELLINGHAM ENERGY COMPANY, LLC | ILLINOIS POWER MARKETING COMPANY | ||||
ANP BLACKSTONE ENERGY COMPANY, LLC | ILLINOIS POWER RESOURCES GENERATING, LLC | ||||
BIG BROWN POWER COMPANY LLC | ILLINOIS POWER RESOURCES, LLC | ||||
BIG SKY GAS, LLC | ILLINOVA CORPORATION | ||||
BIG SKY GAS HOLDINGS, LLC | IPH, LLC | ||||
BRIGHTSIDE SOLAR, LLC | KINCAID GENERATION, L.L.C. | ||||
CALUMET ENERGY TEAM, LLC | LA FRONTERA HOLDINGS, LLC | ||||
CASCO BAY ENERGY COMPANY, LLC | LAKE ROAD GENERATING COMPANY, LLC | ||||
CINCINNATI BELL ENERGY, LLC | LIBERTY ELECTRIC POWER, LLC | ||||
COFFEEN AND WESTERN RAILROAD COMPANY | LONE STAR ENERGY COMPANY, INC. | ||||
COLETO CREEK POWER, LLC | LONE STAR PIPELINE COMPANY, INC. | ||||
COMANCHE PEAK POWER COMPANY LLC | LUMINANT ENERGY COMPANY LLC | ||||
CORE SOLAR SPV I, LLC | LUMINANT ENERGY TRADING CALIFORNIA COMPANY | ||||
CRIUS ENERGY, LLC | LUMINANT ET SERVICES COMPANY LLC | ||||
CRIUS ENERGY CORPORATION | LUMINANT GENERATION COMPANY LLC | ||||
CRIUS ENERGY MANAGEMENT, LLC | LUMINANT MINING COMPANY LLC | ||||
CRIUS ENERGY MANAGEMENT 2, LLC | MASSPOWER, LLC | ||||
CRIUS SOLAR FULFILLMENT, LLC | MIDLOTHIAN ENERGY, LLC | ||||
CRIUS SOLAR HOLDINGS, LLC | MILFORD POWER COMPANY, LLC | ||||
CRIUS SOLAR, LLC | MOSS LANDING ENERGY STORAGE 1, LLC | ||||
DALLAS POWER & LIGHT COMPANY, INC. | NCA RESOURCES DEVELOPMENT COMPANY LLC | ||||
DYNEGY ADMINISTRATIVE SERVICES COMPANY | NEPCO SERVICES COMPANY | ||||
DYNEGY ASSOCIATES NORTHEAST LP, INC. | NORTHEASTERN POWER COMPANY | ||||
DYNEGY COAL GENERATION, LLC | OAK GROVE MANAGEMENT COMPANY LLC | ||||
DYNEGY COAL HOLDCO, LLC | ONTELAUNEE POWER OPERATING COMPANY, LLC | ||||
DYNEGY COAL TRADING & TRANSPORTATION, L.L.C. | PLEASANTS ENERGY, LLC | ||||
DYNEGY COMMERCIAL ASSET MANAGEMENT, LLC | PEOPLE’S CHOICE ENERGY, LLC | ||||
DYNEGY CONESVILLE, LLC | PUBLIC POWER & UTILITY OF MARYLAND, LLC | ||||
DYNEGY DICKS CREEK, LLC | PUBLIC POWER & UTILITY OF NY, INC. | ||||
DYNEGY ENERGY SERVICES (EAST), LLC | PUBLIC POWER, LLC (a Connecticut limited liability company) | ||||
DYNEGY ENERGY SERVICES, LLC | PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) | ||||
DYNEGY FAYETTE II, LLC | REGIONAL ENERGY HOLDINGS, INC. | ||||
DYNEGY GAS IMPORTS, LLC | RICHLAND-STRYKER GENERATION LLC | ||||
DYNEGY HANGING ROCK II, LLC | SANDOW POWER COMPANY LLC | ||||
DYNEGY KENDALL ENERGY, LLC | SITHE ENERGIES, INC. | ||||
DYNEGY KILLEN, LLC | SITHE/INDEPENDENCE LLC | ||||
DYNEGY MARKETING AND TRADE, LLC | SOUTHWESTERN ELECTRIC SERVICE COMPANY, INC. | ||||
DYNEGY MIAMI FORT, LLC | TEXAS ELECTRIC SERVICE COMPANY, INC. | ||||
DYNEGY MIDWEST GENERATION, LLC | TEXAS ENERGY INDUSTRIES COMPANY, INC. | ||||
DYNEGY MORRO BAY, LLC | TEXAS POWER & LIGHT COMPANY, INC. | ||||
DYNEGY MOSS LANDING, LLC | TEXAS UTILITIES COMPANY, INC. | ||||
DYNEGY NORTHEAST GENERATION GP, INC. | TEXAS UTILITIES ELECTRIC COMPANY, INC. | ||||
DYNEGY OAKLAND, LLC | TRIEAGLE 1, LLC | ||||
DYNEGY OPERATING COMPANY | TRIEAGLE 2, LLC |
DYNEGY POWER GENERATION INC. | TRIEAGLE ENERGY LP | ||||
DYNEGY POWER MARKETING, LLC | TXU ELECTRIC COMPANY, INC. | ||||
DYNEGY POWER, LLC | TXU ENERGY RETAIL COMPANY LLC | ||||
DYNEGY RESOURCE II, LLC | TXU RETAIL SERVICES COMPANY | ||||
DYNEGY RESOURCES GENERATING HOLDCO, LLC | UPTON COUNTY SOLAR 2, LLC | ||||
DYNEGY SOUTH BAY, LLC | VALUE BASED BRANDS LLC | ||||
DYNEGY STUART, LLC | VIRIDIAN ENERGY, LLC | ||||
DYNEGY WASHINGTON II, LLC | VIRIDIAN ENERGY PA LLC | ||||
DYNEGY ZIMMER, LLC | VIRIDIAN ENERGY NY, LLC | ||||
EMERALD GROVE SOLAR, LLC | VIRIDIAN NETWORK, LLC | ||||
ENERGY REWARDS, LLC | VISTRA ASSET COMPANY LLC | ||||
ENERGY SOLUTIONS GROUP, LLC | VISTRA CORPORATE SERVICES COMPANY | ||||
ENNIS POWER COMPANY, LLC | VISTRA EP PROPERTIES COMPANY | ||||
EQUIPOWER RESOURCES CORP. | VISTRA FINANCE CORP. | ||||
EVERYDAY ENERGY NJ, LLC | VISTRA INSURANCE SOLUTIONS LLC | ||||
EVERYDAY ENERGY, LLC | VISTRA INTERMEDIATE COMPANY LLC | ||||
GENERATION SVC COMPANY | VISTRA OPERATIONS COMPANY LLC | ||||
HALLMARK SOLAR, LLC | VISTRA PREFERRED INC. | ||||
HAVANA DOCK ENTERPRISES, LLC | VOLT ASSET COMPANY, INC. | ||||
HAYS ENERGY, LLC | WHARTON COUNTY GENERATION, LLC | ||||
HOPEWELL POWER GENERATION, LLC | WISE COUNTY POWER COMPANY, LLC | ||||
ILLINOIS POWER GENERATING COMPANY | WISE-FUELS PIPELINE, INC., |
Name | Jurisdiction | ||||
Ambit Holdings, LLC | Texas | ||||
Ambit Holdings US, LLC | Texas | ||||
Ambit Energy Holdings, LLC | Texas | ||||
BlueNet Holdings, LLC | Delaware | ||||
Ambit Marketing, LLC | Texas | ||||
Ambit Management, LLC | Texas | ||||
Ambit New York, LLC | New York | ||||
Ambit Illinois, LLC | Illinois | ||||
Ambit California, LLC | Delaware | ||||
Ambit Southeast, LLC | Delaware | ||||
Ambit Texas, LLC | Texas | ||||
Ambit Northeast, LLC | Delaware | ||||
Ambit Ohio, LLC | Ohio | ||||
Ambit Midwest, LLC | Delaware | ||||
Ambit Southwest, LLC | Delaware |
BIG SKY GAS, LLC BIG SKY GAS HOLDINGS, LLC CINCINNATI BELL ENERGY, LLC CRIUS ENERGY, LLC CRIUS ENERGY CORPORATION CRIUS ENERGY MANAGEMENT, LLC CRIUS ENERGY MANAGEMENT 2, LLC CRIUS SOLAR FULFILLMENT, LLC CRIUS SOLAR HOLDINGS, LLC CRIUS SOLAR, LLC ENERGY REWARDS, LLC ENERGY SOLUTIONS GROUP, LLC EVERYDAY ENERGY NJ, LLC EVERYDAY ENERGY, LLC PEOPLE’S CHOICE ENERGY, LLC PUBLIC POWER & UTILITY OF MARYLAND, LLC PUBLIC POWER & UTILITY OF NY, INC. PUBLIC POWER, LLC (a Connecticut limited liability company) PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) REGIONAL ENERGY HOLDINGS, INC. TRIEAGLE 1, LLC TRIEAGLE 2, LLC TRIEAGLE ENERGY LP VIRIDIAN ENERGY, LLC VIRIDIAN ENERGY PA LLC VIRIDIAN ENERGY NY, LLC VIRIDIAN NETWORK, LLC | ||
BIG SKY GAS HOLDINGS, LLC | ||
CINCINNATI BELL ENERGY, LLC | ||
CRIUS ENERGY, LLC | ||
CRIUS ENERGY CORPORATION | ||
CRIUS ENERGY MANAGEMENT, LLC | ||
CRIUS ENERGY MANAGEMENT 2, LLC | ||
CRIUS SOLAR FULFILLMENT, LLC | ||
CRIUS SOLAR HOLDINGS, LLC | ||
CRIUS SOLAR, LLC | ||
ENERGY REWARDS, LLC | ||
ENERGY SOLUTIONS GROUP, LLC | ||
EVERYDAY ENERGY NJ, LLC | ||
EVERYDAY ENERGY, LLC | ||
PEOPLE’S CHOICE ENERGY, LLC | ||
PUBLIC POWER & UTILITY OF MARYLAND, LLC | ||
PUBLIC POWER & UTILITY OF NY, INC. | ||
PUBLIC POWER, LLC (a Connecticut limited liability company) | ||
PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) | ||
REGIONAL ENERGY HOLDINGS, INC. | ||
TRIEAGLE 1, LLC | ||
TRIEAGLE 2, LLC | ||
TRIEAGLE ENERGY LP | ||
VIRIDIAN ENERGY, LLC | ||
VIRIDIAN ENERGY PA LLC | ||
VIRIDIAN ENERGY NY, LLC | ||
VIRIDIAN NETWORK, LLC | ||
AS THE GUARANTEEING SUBSIDIARIES |
ANP BELLINGHAM ENERGY COMPANY, LLC | ILLINOVA CORPORATION | ||||||||||
ANP BLACKSTONE ENERGY COMPANY, LLC | IPH, LLC | ||||||||||
BIG BROWN POWER COMPANY LLC BRIGHTSIDE SOLAR, LLC | KINCAID GENERATION, L.L.C. | ||||||||||
CALUMET ENERGY TEAM, LLC | LA FRONTERA HOLDINGS, LLC | ||||||||||
CASCO BAY ENERGY COMPANY, LLC | LAKE ROAD GENERATING COMPANY, LLC | ||||||||||
COFFEEN AND WESTERN RAILROAD COMPANY | LIBERTY ELECTRIC POWER, LLC | ||||||||||
COLETO CREEK POWER, LLC | LONE STAR ENERGY COMPANY, INC. | ||||||||||
COMANCHE PEAK POWER COMPANY LLC | LONE STAR PIPELINE COMPANY, INC. | ||||||||||
CORE SOLAR SPV I, LLC | LUMINANT ENERGY COMPANY LLC | ||||||||||
DALLAS POWER & LIGHT COMPANY, INC. | LUMINANT ENERGY TRADING CALIFORNIA COMPANY | ||||||||||
DYNEGY ADMINISTRATIVE SERVICES COMPANY | LUMINANT ET SERVICES COMPANY LLC | ||||||||||
DYNEGY ASSOCIATES NORTHEAST LP, INC. | LUMINANT GENERATION COMPANY LLC | ||||||||||
DYNEGY COAL GENERATION, LLC | LUMINANT MINING COMPANY LLC | ||||||||||
DYNEGY COAL HOLDCO, LLC | MASSPOWER, LLC | ||||||||||
DYNEGY COAL TRADING & TRANSPORTATION, L.L.C. | MIDLOTHIAN ENERGY, LLC | ||||||||||
DYNEGY COMMERCIAL ASSET MANAGEMENT, LLC | MILFORD POWER COMPANY, LLC | ||||||||||
DYNEGY CONESVILLE, LLC | MOSS LANDING ENERGY STORAGE 1, LLC | ||||||||||
DYNEGY DICKS CREEK, LLC | NCA RESOURCES DEVELOPMENT COMPANY LLC | ||||||||||
DYNEGY ENERGY SERVICES (EAST), LLC | NEPCO SERVICES COMPANY | ||||||||||
DYNEGY ENERGY SERVICES, LLC | NORTHEASTERN POWER COMPANY | ||||||||||
DYNEGY FAYETTE II, LLC | OAK GROVE MANAGEMENT COMPANY LLC | ||||||||||
DYNEGY GAS IMPORTS, LLC | ONTELAUNEE POWER OPERATING COMPANY, LLC | ||||||||||
DYNEGY HANGING ROCK II, LLC | PLEASANTS ENERGY, LLC | ||||||||||
DYNEGY KENDALL ENERGY, LLC | RICHLAND-STRYKER GENERATION LLC | ||||||||||
DYNEGY KILLEN, LLC | SANDOW POWER COMPANY LLC | ||||||||||
DYNEGY MARKETING AND TRADE, LLC | SITHE ENERGIES, INC. | ||||||||||
DYNEGY MIAMI FORT, LLC | SITHE/INDEPENDENCE LLC | ||||||||||
DYNEGY MIDWEST GENERATION, LLC | SOUTHWESTERN ELECTRIC SERVICE COMPANY, INC. | ||||||||||
DYNEGY MORRO BAY, LLC | TEXAS ELECTRIC SERVICE COMPANY, INC. | ||||||||||
DYNEGY MOSS LANDING, LLC | TEXAS ENERGY INDUSTRIES COMPANY, INC. | ||||||||||
DYNEGY NORTHEAST GENERATION GP, INC. | TEXAS POWER & LIGHT COMPANY, INC. | ||||||||||
DYNEGY OAKLAND, LLC | TEXAS UTILITIES COMPANY, INC. | ||||||||||
DYNEGY OPERATING COMPANY | TEXAS UTILITIES ELECTRIC COMPANY, INC. | ||||||||||
DYNEGY POWER GENERATION INC. | T-FUELS, LLC | ||||||||||
DYNEGY POWER MARKETING, LLC | TXU ELECTRIC COMPANY, INC. | ||||||||||
DYNEGY POWER, LLC | TXU ENERGY RETAIL COMPANY LLC | ||||||||||
DYNEGY RESOURCE II, LLC | TXU RETAIL SERVICES COMPANY | ||||||||||
DYNEGY RESOURCES GENERATING HOLDCO, LLC | UPTON COUNTY SOLAR 2, LLC | ||||||||||
DYNEGY SOUTH BAY, LLC | VALUE BASED BRANDS LLC | ||||||||||
DYNEGY STUART, LLC | VISTRA ASSET COMPANY LLC | ||||||||||
DYNEGY WASHINGTON II, LLC | VISTRA CORPORATE SERVICES COMPANY | ||||||||||
DYNEGY ZIMMER, LLC | VISTRA EP PROPERTIES COMPANY | ||||||||||
EMERALD GROVE SOLAR, LLC ENNIS POWER COMPANY, LLC | VISTRA FINANCE CORP. |
EQUIPOWER RESOURCES CORP. | VISTRA INSURANCE SOLUTIONS LLC | ||||||||||
GENERATION SVC COMPANY | VISTRA INTERMEDIATE COMPANY LLC | ||||||||||
HALLMARK SOLAR, LLC HAVANA DOCK ENTERPRISES, LLC | VISTRA OPERATIONS COMPANY LLC | ||||||||||
HAYS ENERGY, LLC | VISTRA PREFERRED INC. | ||||||||||
HOPEWELL POWER GENERATION, LLC | VOLT ASSET COMPANY, INC. | ||||||||||
ILLINOIS POWER GENERATING COMPANY | VOLT VENTURES LLC | ||||||||||
ILLINOIS POWER MARKETING COMPANY | WHARTON COUNTY GENERATION, LLC | ||||||||||
ILLINOIS POWER RESOURCES GENERATING, LLC | WISE COUNTY POWER COMPANY, LLC | ||||||||||
ILLINOIS POWER RESOURCES, LLC | WISE-FUELS PIPELINE, INC., |
Name | Jurisdiction | ||||
Big Sky Gas, LLC | Montana | ||||
Big Sky Gas Holdings, LLC | Delaware | ||||
Cincinnati Bell Energy, LLC | Nevada | ||||
Crius Energy, LLC | Delaware | ||||
Crius Energy Corporation | Delaware | ||||
Crius Energy Management, LLC | Delaware | ||||
Crius Energy Management 2, LLC | Nevada | ||||
Crius Solar Fulfillment, LLC | Delaware | ||||
Crius Solar Holdings, LLC | Nevada | ||||
Crius Solar, LLC | Nevada | ||||
Energy Rewards, LLC | Nevada | ||||
Energy Solutions Group, LLC | Nevada | ||||
Everyday Energy NJ, LLC | New Jersey | ||||
Everyday Energy, LLC | Nevada | ||||
People’s Choice Energy, LLC | Nevada | ||||
Public Power & Utility of Maryland, LLC | Maryland | ||||
Public Power & Utility of NY, LLC | New York | ||||
Public Power, LLC | Connecticut | ||||
Public Power, LLC | Pennsylvania | ||||
Regional Energy Holdings, Inc. | Nevada | ||||
Trieagle 1, LLC | Nevada | ||||
Trieagle 2, LLC | Nevada | ||||
Trieagle Energy LP | Texas | ||||
Viridian Energy, LLC | Nevada | ||||
Viridian Energy PA LLC | Nevada | ||||
Viridian Energy NY, LLC | New York | ||||
Viridian Network, LLC | Delaware |
AMBIT HOLDINGS, LLC AMBIT HOLDINGS US, LLC AMBIT ENERGY HOLDINGS, LLC BLUENET HOLDINGS, LLC AMBIT MARKETING, LLC AMBIT MANAGEMENT, LLC AMBIT NEW YORK, LLC AMBIT ILLINOIS, LLC AMBIT CALIFORNIA, LLC AMBIT SOUTHEAST, LLC AMBIT TEXAS, LLC AMBIT NORTHEAST, LLC AMBIT OHIO, LLC AMBIT MIDWEST, LLC AMBIT SOUTHWEST, LLC, | ||
AMBIT HOLDINGS US, LLC | ||
AMBIT ENERGY HOLDINGS, LLC | ||
BLUENET HOLDINGS, LLC | ||
AMBIT MARKETING, LLC | ||
AMBIT MANAGEMENT, LLC | ||
AMBIT NEW YORK, LLC | ||
AMBIT ILLINOIS, LLC | ||
AMBIT CALIFORNIA, LLC | ||
AMBIT SOUTHEAST, LLC | ||
AMBIT TEXAS, LLC | ||
AMBIT NORTHEAST, LLC | ||
AMBIT OHIO, LLC | ||
AMBIT MIDWEST, LLC | ||
AMBIT SOUTHWEST, LLC, | ||
as the Guaranteeing Subsidiaries |
ANP BELLINGHAM ENERGY COMPANY, LLC | ILLINOIS POWER MARKETING COMPANY | ||||
ANP BLACKSTONE ENERGY COMPANY, LLC | ILLINOIS POWER RESOURCES GENERATING, LLC | ||||
BIG BROWN POWER COMPANY LLC | ILLINOIS POWER RESOURCES, LLC | ||||
BIG SKY GAS, LLC | ILLINOVA CORPORATION | ||||
BIG SKY GAS HOLDINGS, LLC | IPH, LLC | ||||
BRIGHTSIDE SOLAR, LLC | KINCAID GENERATION, L.L.C. | ||||
CALUMET ENERGY TEAM, LLC | LA FRONTERA HOLDINGS, LLC | ||||
CASCO BAY ENERGY COMPANY, LLC | LAKE ROAD GENERATING COMPANY, LLC | ||||
CINCINNATI BELL ENERGY, LLC | LIBERTY ELECTRIC POWER, LLC | ||||
COFFEEN AND WESTERN RAILROAD COMPANY | LONE STAR ENERGY COMPANY, INC. | ||||
COLETO CREEK POWER, LLC | LONE STAR PIPELINE COMPANY, INC. | ||||
COMANCHE PEAK POWER COMPANY LLC | LUMINANT ENERGY COMPANY LLC | ||||
CORE SOLAR SPV I, LLC | LUMINANT ENERGY TRADING CALIFORNIA COMPANY | ||||
CRIUS ENERGY, LLC | LUMINANT ET SERVICES COMPANY LLC | ||||
CRIUS ENERGY CORPORATION | LUMINANT GENERATION COMPANY LLC | ||||
CRIUS ENERGY MANAGEMENT, LLC | LUMINANT MINING COMPANY LLC | ||||
CRIUS ENERGY MANAGEMENT 2, LLC | MASSPOWER, LLC | ||||
CRIUS SOLAR FULFILLMENT, LLC | MIDLOTHIAN ENERGY, LLC | ||||
CRIUS SOLAR HOLDINGS, LLC | MILFORD POWER COMPANY, LLC | ||||
CRIUS SOLAR, LLC | MOSS LANDING ENERGY STORAGE 1, LLC | ||||
DALLAS POWER & LIGHT COMPANY, INC. | NCA RESOURCES DEVELOPMENT COMPANY LLC | ||||
DYNEGY ADMINISTRATIVE SERVICES COMPANY | NEPCO SERVICES COMPANY | ||||
DYNEGY ASSOCIATES NORTHEAST LP, INC. | NORTHEASTERN POWER COMPANY | ||||
DYNEGY COAL GENERATION, LLC | OAK GROVE MANAGEMENT COMPANY LLC | ||||
DYNEGY COAL HOLDCO, LLC | ONTELAUNEE POWER OPERATING COMPANY, LLC | ||||
DYNEGY COAL TRADING & TRANSPORTATION, L.L.C. | PLEASANTS ENERGY, LLC | ||||
DYNEGY COMMERCIAL ASSET MANAGEMENT, LLC | PEOPLE’S CHOICE ENERGY, LLC | ||||
DYNEGY CONESVILLE, LLC | PUBLIC POWER & UTILITY OF MARYLAND, LLC | ||||
DYNEGY DICKS CREEK, LLC | PUBLIC POWER & UTILITY OF NY, INC. | ||||
DYNEGY ENERGY SERVICES (EAST), LLC | PUBLIC POWER, LLC (a Connecticut limited liability company) | ||||
DYNEGY ENERGY SERVICES, LLC | PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) | ||||
DYNEGY FAYETTE II, LLC | REGIONAL ENERGY HOLDINGS, INC. | ||||
DYNEGY GAS IMPORTS, LLC | RICHLAND-STRYKER GENERATION LLC | ||||
DYNEGY HANGING ROCK II, LLC | SANDOW POWER COMPANY LLC | ||||
DYNEGY KENDALL ENERGY, LLC | SITHE ENERGIES, INC. | ||||
DYNEGY KILLEN, LLC | SITHE/INDEPENDENCE LLC | ||||
DYNEGY MARKETING AND TRADE, LLC | SOUTHWESTERN ELECTRIC SERVICE COMPANY, INC. | ||||
DYNEGY MIAMI FORT, LLC | TEXAS ELECTRIC SERVICE COMPANY, INC. | ||||
DYNEGY MIDWEST GENERATION, LLC | TEXAS ENERGY INDUSTRIES COMPANY, INC. | ||||
DYNEGY MORRO BAY, LLC | TEXAS POWER & LIGHT COMPANY, INC. | ||||
DYNEGY MOSS LANDING, LLC | TEXAS UTILITIES COMPANY, INC. | ||||
DYNEGY NORTHEAST GENERATION GP, INC. | TEXAS UTILITIES ELECTRIC COMPANY, INC. | ||||
DYNEGY OAKLAND, LLC | TRIEAGLE 1, LLC | ||||
DYNEGY OPERATING COMPANY | TRIEAGLE 2, LLC |
DYNEGY POWER GENERATION INC. | TRIEAGLE ENERGY LP | ||||
DYNEGY POWER MARKETING, LLC | TXU ELECTRIC COMPANY, INC. | ||||
DYNEGY POWER, LLC | TXU ENERGY RETAIL COMPANY LLC | ||||
DYNEGY RESOURCE II, LLC | TXU RETAIL SERVICES COMPANY | ||||
DYNEGY RESOURCES GENERATING HOLDCO, LLC | UPTON COUNTY SOLAR 2, LLC | ||||
DYNEGY SOUTH BAY, LLC | VALUE BASED BRANDS LLC | ||||
DYNEGY STUART, LLC | VIRIDIAN ENERGY, LLC | ||||
DYNEGY WASHINGTON II, LLC | VIRIDIAN ENERGY PA LLC | ||||
DYNEGY ZIMMER, LLC | VIRIDIAN ENERGY NY, LLC | ||||
EMERALD GROVE SOLAR, LLC | VIRIDIAN NETWORK, LLC | ||||
ENERGY REWARDS, LLC | VISTRA ASSET COMPANY LLC | ||||
ENERGY SOLUTIONS GROUP, LLC | VISTRA CORPORATE SERVICES COMPANY | ||||
ENNIS POWER COMPANY, LLC | VISTRA EP PROPERTIES COMPANY | ||||
EQUIPOWER RESOURCES CORP. | VISTRA FINANCE CORP. | ||||
EVERYDAY ENERGY NJ, LLC | VISTRA INSURANCE SOLUTIONS LLC | ||||
EVERYDAY ENERGY, LLC | VISTRA INTERMEDIATE COMPANY LLC | ||||
GENERATION SVC COMPANY | VISTRA OPERATIONS COMPANY LLC | ||||
HALLMARK SOLAR, LLC | VISTRA PREFERRED INC. | ||||
HAVANA DOCK ENTERPRISES, LLC | VOLT ASSET COMPANY, INC. | ||||
HAYS ENERGY, LLC | WHARTON COUNTY GENERATION, LLC | ||||
HOPEWELL POWER GENERATION, LLC | WISE COUNTY POWER COMPANY, LLC | ||||
ILLINOIS POWER GENERATING COMPANY | WISE-FUELS PIPELINE, INC., |
Name | Jurisdiction | ||||
Ambit Holdings, LLC | Texas | ||||
Ambit Holdings US, LLC | Texas | ||||
Ambit Energy Holdings, LLC | Texas | ||||
BlueNet Holdings, LLC | Delaware | ||||
Ambit Marketing, LLC | Texas | ||||
Ambit Management, LLC | Texas | ||||
Ambit New York, LLC | New York | ||||
Ambit Illinois, LLC | Illinois | ||||
Ambit California, LLC | Delaware | ||||
Ambit Southeast, LLC | Delaware | ||||
Ambit Texas, LLC | Texas | ||||
Ambit Northeast, LLC | Delaware | ||||
Ambit Ohio, LLC | Ohio | ||||
Ambit Midwest, LLC | Delaware | ||||
Ambit Southwest, LLC | Delaware |
BIG SKY GAS, LLC BIG SKY GAS HOLDINGS, LLC CINCINNATI BELL ENERGY, LLC CRIUS ENERGY, LLC CRIUS ENERGY CORPORATION CRIUS ENERGY MANAGEMENT, LLC CRIUS ENERGY MANAGEMENT 2, LLC CRIUS SOLAR FULFILLMENT, LLC CRIUS SOLAR HOLDINGS, LLC CRIUS SOLAR, LLC ENERGY REWARDS, LLC ENERGY SOLUTIONS GROUP, LLC EVERYDAY ENERGY NJ, LLC EVERYDAY ENERGY, LLC PEOPLE’S CHOICE ENERGY, LLC PUBLIC POWER & UTILITY OF MARYLAND, LLC PUBLIC POWER & UTILITY OF NY, INC. PUBLIC POWER, LLC (a Connecticut limited liability company) PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) REGIONAL ENERGY HOLDINGS, INC. TRIEAGLE 1, LLC TRIEAGLE 2, LLC TRIEAGLE ENERGY LP VIRIDIAN ENERGY, LLC VIRIDIAN ENERGY PA LLC VIRIDIAN ENERGY NY, LLC VIRIDIAN NETWORK, LLC | ||
BIG SKY GAS HOLDINGS, LLC | ||
CINCINNATI BELL ENERGY, LLC | ||
CRIUS ENERGY, LLC | ||
CRIUS ENERGY CORPORATION | ||
CRIUS ENERGY MANAGEMENT, LLC | ||
CRIUS ENERGY MANAGEMENT 2, LLC | ||
CRIUS SOLAR FULFILLMENT, LLC | ||
CRIUS SOLAR HOLDINGS, LLC | ||
CRIUS SOLAR, LLC | ||
ENERGY REWARDS, LLC | ||
ENERGY SOLUTIONS GROUP, LLC | ||
EVERYDAY ENERGY NJ, LLC | ||
EVERYDAY ENERGY, LLC | ||
PEOPLE’S CHOICE ENERGY, LLC | ||
PUBLIC POWER & UTILITY OF MARYLAND, LLC | ||
PUBLIC POWER & UTILITY OF NY, INC. | ||
PUBLIC POWER, LLC (a Connecticut limited liability company) | ||
PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) | ||
REGIONAL ENERGY HOLDINGS, INC. | ||
TRIEAGLE 1, LLC | ||
TRIEAGLE 2, LLC | ||
TRIEAGLE ENERGY LP | ||
VIRIDIAN ENERGY, LLC | ||
VIRIDIAN ENERGY PA LLC | ||
VIRIDIAN ENERGY NY, LLC | ||
VIRIDIAN NETWORK, LLC | ||
AS THE GUARANTEEING SUBSIDIARIES |
ANP BELLINGHAM ENERGY COMPANY, LLC | ILLINOIS POWER RESOURCES, LLC | ||||||||||
ANP BLACKSTONE ENERGY COMPANY, LLC | ILLINOVA CORPORATION | ||||||||||
BIG BROWN POWER COMPANY LLC BRIGHTSIDE SOLAR, LLC | IPH, LLC | ||||||||||
CALUMET ENERGY TEAM, LLC | KINCAID GENERATION, L.L.C. | ||||||||||
CASCO BAY ENERGY COMPANY, LLC | LA FRONTERA HOLDINGS, LLC | ||||||||||
COFFEEN AND WESTERN RAILROAD COMPANY | LAKE ROAD GENERATING COMPANY, LLC | ||||||||||
COLETO CREEK POWER, LLC | LIBERTY ELECTRIC POWER, LLC | ||||||||||
COMANCHE PEAK POWER COMPANY LLC | LONE STAR ENERGY COMPANY, INC. | ||||||||||
CORE SOLAR SPV I, LLC | LONE STAR PIPELINE COMPANY, INC. | ||||||||||
DALLAS POWER & LIGHT COMPANY, INC. | LUMINANT ENERGY COMPANY LLC | ||||||||||
DYNEGY ADMINISTRATIVE SERVICES COMPANY | LUMINANT ENERGY TRADING CALIFORNIA COMPANY | ||||||||||
DYNEGY ASSOCIATES NORTHEAST LP, INC. | LUMINANT ET SERVICES COMPANY LLC | ||||||||||
DYNEGY COAL GENERATION, LLC | LUMINANT GENERATION COMPANY LLC | ||||||||||
DYNEGY COAL HOLDCO, LLC | LUMINANT MINING COMPANY LLC | ||||||||||
DYNEGY COAL TRADING & TRANSPORTATION, L.L.C. | MASSPOWER, LLC | ||||||||||
DYNEGY COMMERCIAL ASSET MANAGEMENT, LLC | MIDLOTHIAN ENERGY, LLC | ||||||||||
DYNEGY CONESVILLE, LLC | MILFORD POWER COMPANY, LLC | ||||||||||
DYNEGY DICKS CREEK, LLC | MOSS LANDING ENERGY STORAGE 1, LLC | ||||||||||
DYNEGY ENERGY SERVICES (EAST), LLC | NCA RESOURCES DEVELOPMENT COMPANY LLC | ||||||||||
DYNEGY ENERGY SERVICES, LLC | NEPCO SERVICES COMPANY | ||||||||||
DYNEGY FAYETTE II, LLC | NORTHEASTERN POWER COMPANY | ||||||||||
DYNEGY GAS IMPORTS, LLC | OAK GROVE MANAGEMENT COMPANY LLC | ||||||||||
DYNEGY HANGING ROCK II, LLC | ONTELAUNEE POWER OPERATING COMPANY, LLC | ||||||||||
DYNEGY KENDALL ENERGY, LLC | PLEASANTS ENERGY, LLC | ||||||||||
DYNEGY KILLEN, LLC | RICHLAND-STRYKER GENERATION LLC | ||||||||||
DYNEGY MARKETING AND TRADE, LLC | SANDOW POWER COMPANY LLC | ||||||||||
DYNEGY MIAMI FORT, LLC | SITHE ENERGIES, INC. | ||||||||||
DYNEGY MIDWEST GENERATION, LLC | SITHE/INDEPENDENCE LLC | ||||||||||
DYNEGY MORRO BAY, LLC | SOUTHWESTERN ELECTRIC SERVICE COMPANY, INC. | ||||||||||
DYNEGY MOSS LANDING, LLC | TEXAS ELECTRIC SERVICE COMPANY, INC. | ||||||||||
DYNEGY NORTHEAST GENERATION GP, INC. | TEXAS ENERGY INDUSTRIES COMPANY, INC. | ||||||||||
DYNEGY OAKLAND, LLC | TEXAS POWER & LIGHT COMPANY, INC. | ||||||||||
DYNEGY OPERATING COMPANY | TEXAS UTILITIES COMPANY, INC. | ||||||||||
DYNEGY POWER GENERATION INC. | TEXAS UTILITIES ELECTRIC COMPANY, INC. | ||||||||||
DYNEGY POWER MARKETING, LLC | T-FUELS, LLC | ||||||||||
DYNEGY POWER, LLC | TXU ELECTRIC COMPANY, INC. | ||||||||||
DYNEGY RESOURCE II, LLC | TXU ENERGY RETAIL COMPANY LLC | ||||||||||
DYNEGY RESOURCES GENERATING HOLDCO, LLC | TXU RETAIL SERVICES COMPANY | ||||||||||
DYNEGY SOUTH BAY, LLC | UPTON COUNTY SOLAR 2, LLC | ||||||||||
DYNEGY STUART, LLC | VALUE BASED BRANDS LLC | ||||||||||
DYNEGY WASHINGTON II, LLC | VISTRA ASSET COMPANY LLC | ||||||||||
DYNEGY ZIMMER, LLC | VISTRA CORPORATE SERVICES COMPANY |
EMERALD GROVE SOLAR, LLC ENNIS POWER COMPANY, LLC | VISTRA EP PROPERTIES COMPANY | ||||||||||
EQUIPOWER RESOURCES CORP. | VISTRA FINANCE CORP. | ||||||||||
GENERATION SVC COMPANY | VISTRA INSURANCE SOLUTIONS LLC | ||||||||||
HALLMARK SOLAR, LLC HAVANA DOCK ENTERPRISES, LLC | VISTRA PREFERRED INC. | ||||||||||
HAYS ENERGY, LLC | VOLT ASSET COMPANY, INC. | ||||||||||
HOPEWELL POWER GENERATION, LLC | VOLT VENTURES LLC | ||||||||||
ILLINOIS POWER GENERATING COMPANY | WHARTON COUNTY GENERATION, LLC | ||||||||||
ILLINOIS POWER MARKETING COMPANY | WISE COUNTY POWER COMPANY, LLC | ||||||||||
ILLINOIS POWER RESOURCES GENERATING, LLC | WISE-FUELS PIPELINE, INC., | ||||||||||
Name | Jurisdiction | ||||
Big Sky Gas, LLC | Montana | ||||
Big Sky Gas Holdings, LLC | Delaware | ||||
Cincinnati Bell Energy, LLC | Nevada | ||||
Crius Energy, LLC | Delaware | ||||
Crius Energy Corporation | Delaware | ||||
Crius Energy Management, LLC | Delaware | ||||
Crius Energy Management 2, LLC | Nevada | ||||
Crius Solar Fulfillment, LLC | Delaware | ||||
Crius Solar Holdings, LLC | Nevada | ||||
Crius Solar, LLC | Nevada | ||||
Energy Rewards, LLC | Nevada | ||||
Energy Solutions Group, LLC | Nevada | ||||
Everyday Energy NJ, LLC | New Jersey | ||||
Everyday Energy, LLC | Nevada | ||||
People’s Choice Energy, LLC | Nevada | ||||
Public Power & Utility of Maryland, LLC | Maryland | ||||
Public Power & Utility of NY, LLC | New York | ||||
Public Power, LLC | Connecticut | ||||
Public Power, LLC | Pennsylvania | ||||
Regional Energy Holdings, Inc. | Nevada | ||||
Trieagle 1, LLC | Nevada | ||||
Trieagle 2, LLC | Nevada | ||||
Trieagle Energy LP | Texas | ||||
Viridian Energy, LLC | Nevada | ||||
Viridian Energy PA LLC | Nevada | ||||
Viridian Energy NY, LLC | New York | ||||
Viridian Network, LLC | Delaware |
AMBIT HOLDINGS, LLC AMBIT HOLDINGS US, LLC AMBIT ENERGY HOLDINGS, LLC BLUENET HOLDINGS, LLC AMBIT MARKETING, LLC AMBIT MANAGEMENT, LLC AMBIT NEW YORK, LLC AMBIT ILLINOIS, LLC AMBIT CALIFORNIA, LLC AMBIT SOUTHEAST, LLC AMBIT TEXAS, LLC AMBIT NORTHEAST, LLC AMBIT OHIO, LLC AMBIT MIDWEST, LLC AMBIT SOUTHWEST, LLC, | ||
AMBIT HOLDINGS US, LLC | ||
AMBIT ENERGY HOLDINGS, LLC | ||
BLUENET HOLDINGS, LLC | ||
AMBIT MARKETING, LLC | ||
AMBIT MANAGEMENT, LLC | ||
AMBIT NEW YORK, LLC | ||
AMBIT ILLINOIS, LLC | ||
AMBIT CALIFORNIA, LLC | ||
AMBIT SOUTHEAST, LLC | ||
AMBIT TEXAS, LLC | ||
AMBIT NORTHEAST, LLC | ||
AMBIT OHIO, LLC | ||
AMBIT MIDWEST, LLC | ||
AMBIT SOUTHWEST, LLC, | ||
as the Guaranteeing Subsidiaries |
ANP BELLINGHAM ENERGY COMPANY, LLC | ILLINOIS POWER GENERATING COMPANY | ||||
ANP BLACKSTONE ENERGY COMPANY, LLC | ILLINOIS POWER MARKETING COMPANY | ||||
BIG BROWN POWER COMPANY LLC | ILLINOIS POWER RESOURCES GENERATING, LLC | ||||
BIG SKY GAS, LLC | ILLINOIS POWER RESOURCES, LLC | ||||
BIG SKY GAS HOLDINGS, LLC | ILLINOVA CORPORATION | ||||
BRIGHTSIDE SOLAR, LLC | IPH, LLC | ||||
CALUMET ENERGY TEAM, LLC | KINCAID GENERATION, L.L.C. | ||||
CASCO BAY ENERGY COMPANY, LLC | LA FRONTERA HOLDINGS, LLC | ||||
CINCINNATI BELL ENERGY, LLC | LAKE ROAD GENERATING COMPANY, LLC | ||||
COFFEEN AND WESTERN RAILROAD COMPANY | LIBERTY ELECTRIC POWER, LLC | ||||
COLETO CREEK POWER, LLC | LONE STAR ENERGY COMPANY, INC. | ||||
COMANCHE PEAK POWER COMPANY LLC | LONE STAR PIPELINE COMPANY, INC. | ||||
CORE SOLAR SPV I, LLC | LUMINANT ENERGY COMPANY LLC | ||||
CRIUS ENERGY, LLC | LUMINANT ENERGY TRADING CALIFORNIA COMPANY | ||||
CRIUS ENERGY CORPORATION | LUMINANT ET SERVICES COMPANY LLC | ||||
CRIUS ENERGY MANAGEMENT, LLC | LUMINANT GENERATION COMPANY LLC | ||||
CRIUS ENERGY MANAGEMENT 2, LLC | LUMINANT MINING COMPANY LLC | ||||
CRIUS SOLAR FULFILLMENT, LLC | MASSPOWER, LLC | ||||
CRIUS SOLAR HOLDINGS, LLC | MIDLOTHIAN ENERGY, LLC | ||||
CRIUS SOLAR, LLC | MILFORD POWER COMPANY, LLC | ||||
DALLAS POWER & LIGHT COMPANY, INC. | MOSS LANDING ENERGY STORAGE 1, LLC | ||||
DYNEGY ADMINISTRATIVE SERVICES COMPANY | NCA RESOURCES DEVELOPMENT COMPANY LLC | ||||
DYNEGY ASSOCIATES NORTHEAST LP, INC. | NEPCO SERVICES COMPANY | ||||
DYNEGY COAL GENERATION, LLC | NORTHEASTERN POWER COMPANY | ||||
DYNEGY COAL HOLDCO, LLC | OAK GROVE MANAGEMENT COMPANY LLC | ||||
DYNEGY COAL TRADING & TRANSPORTATION, L.L.C. | ONTELAUNEE POWER OPERATING COMPANY, LLC | ||||
DYNEGY COMMERCIAL ASSET MANAGEMENT, LLC | PLEASANTS ENERGY, LLC | ||||
DYNEGY CONESVILLE, LLC | PEOPLE’S CHOICE ENERGY, LLC | ||||
DYNEGY DICKS CREEK, LLC | PUBLIC POWER & UTILITY OF MARYLAND, LLC | ||||
DYNEGY ENERGY SERVICES (EAST), LLC | PUBLIC POWER & UTILITY OF NY, INC. | ||||
DYNEGY ENERGY SERVICES, LLC | PUBLIC POWER, LLC (a Connecticut limited liability company) | ||||
DYNEGY FAYETTE II, LLC | PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) | ||||
DYNEGY GAS IMPORTS, LLC | REGIONAL ENERGY HOLDINGS, INC. | ||||
DYNEGY HANGING ROCK II, LLC | RICHLAND-STRYKER GENERATION LLC | ||||
DYNEGY KENDALL ENERGY, LLC | SANDOW POWER COMPANY LLC | ||||
DYNEGY KILLEN, LLC | SITHE ENERGIES, INC. | ||||
DYNEGY MARKETING AND TRADE, LLC | SITHE/INDEPENDENCE LLC | ||||
DYNEGY MIAMI FORT, LLC | SOUTHWESTERN ELECTRIC SERVICE COMPANY, INC. | ||||
DYNEGY MIDWEST GENERATION, LLC | TEXAS ELECTRIC SERVICE COMPANY, INC. | ||||
DYNEGY MORRO BAY, LLC | TEXAS ENERGY INDUSTRIES COMPANY, INC. | ||||
DYNEGY MOSS LANDING, LLC | TEXAS POWER & LIGHT COMPANY, INC. | ||||
DYNEGY NORTHEAST GENERATION GP, INC. | TEXAS UTILITIES COMPANY, INC. | ||||
DYNEGY OAKLAND, LLC | TEXAS UTILITIES ELECTRIC COMPANY, INC. | ||||
DYNEGY OPERATING COMPANY | TRIEAGLE 1, LLC |
DYNEGY POWER GENERATION INC. | TRIEAGLE 2, LLC | ||||
DYNEGY POWER MARKETING, LLC | TRIEAGLE ENERGY LP | ||||
DYNEGY POWER, LLC | TXU ELECTRIC COMPANY, INC. | ||||
DYNEGY RESOURCE II, LLC | TXU ENERGY RETAIL COMPANY LLC | ||||
DYNEGY RESOURCES GENERATING HOLDCO, LLC | TXU RETAIL SERVICES COMPANY | ||||
DYNEGY SOUTH BAY, LLC | UPTON COUNTY SOLAR 2, LLC | ||||
DYNEGY STUART, LLC | VALUE BASED BRANDS LLC | ||||
DYNEGY WASHINGTON II, LLC | VIRIDIAN ENERGY, LLC | ||||
DYNEGY ZIMMER, LLC | VIRIDIAN ENERGY PA LLC | ||||
EMERALD GROVE SOLAR, LLC | VIRIDIAN ENERGY NY, LLC | ||||
ENERGY REWARDS, LLC | VIRIDIAN NETWORK, LLC | ||||
ENERGY SOLUTIONS GROUP, LLC | VISTRA ASSET COMPANY LLC | ||||
ENNIS POWER COMPANY, LLC | VISTRA CORPORATE SERVICES COMPANY | ||||
EQUIPOWER RESOURCES CORP. | VISTRA EP PROPERTIES COMPANY | ||||
EVERYDAY ENERGY NJ, LLC | VISTRA FINANCE CORP. | ||||
EVERYDAY ENERGY, LLC | VISTRA INSURANCE SOLUTIONS LLC | ||||
GENERATION SVC COMPANY | VISTRA PREFERRED INC. | ||||
HALLMARK SOLAR, LLC | VOLT ASSET COMPANY, INC. | ||||
HAVANA DOCK ENTERPRISES, LLC | WHARTON COUNTY GENERATION, LLC | ||||
HAYS ENERGY, LLC | WISE COUNTY POWER COMPANY, LLC | ||||
HOPEWELL POWER GENERATION, LLC | WISE-FUELS PIPELINE, INC., |
Name | Jurisdiction | ||||
Ambit Holdings, LLC | Texas | ||||
Ambit Holdings US, LLC | Texas | ||||
Ambit Energy Holdings, LLC | Texas | ||||
BlueNet Holdings, LLC | Delaware | ||||
Ambit Marketing, LLC | Texas | ||||
Ambit Management, LLC | Texas | ||||
Ambit New York, LLC | New York | ||||
Ambit Illinois, LLC | Illinois | ||||
Ambit California, LLC | Delaware | ||||
Ambit Southeast, LLC | Delaware | ||||
Ambit Texas, LLC | Texas | ||||
Ambit Northeast, LLC | Delaware | ||||
Ambit Ohio, LLC | Ohio | ||||
Ambit Midwest, LLC | Delaware | ||||
Ambit Southwest, LLC | Delaware |
BIG SKY GAS, LLC BIG SKY GAS HOLDINGS, LLC CINCINNATI BELL ENERGY, LLC CRIUS ENERGY, LLC CRIUS ENERGY CORPORATION CRIUS ENERGY MANAGEMENT, LLC CRIUS ENERGY MANAGEMENT 2, LLC CRIUS SOLAR FULFILLMENT, LLC CRIUS SOLAR HOLDINGS, LLC CRIUS SOLAR, LLC ENERGY REWARDS, LLC ENERGY SOLUTIONS GROUP, LLC EVERYDAY ENERGY NJ, LLC EVERYDAY ENERGY, LLC PEOPLE’S CHOICE ENERGY, LLC PUBLIC POWER & UTILITY OF MARYLAND, LLC PUBLIC POWER & UTILITY OF NY, INC. PUBLIC POWER, LLC (a Connecticut limited liability company) PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) REGIONAL ENERGY HOLDINGS, INC. TRIEAGLE 1, LLC TRIEAGLE 2, LLC TRIEAGLE ENERGY LP VIRIDIAN ENERGY, LLC VIRIDIAN ENERGY PA LLC VIRIDIAN ENERGY NY, LLC VIRIDIAN NETWORK, LLC | ||
BIG SKY GAS HOLDINGS, LLC | ||
CINCINNATI BELL ENERGY, LLC | ||
CRIUS ENERGY, LLC | ||
CRIUS ENERGY CORPORATION | ||
CRIUS ENERGY MANAGEMENT, LLC | ||
CRIUS ENERGY MANAGEMENT 2, LLC | ||
CRIUS SOLAR FULFILLMENT, LLC | ||
CRIUS SOLAR HOLDINGS, LLC | ||
CRIUS SOLAR, LLC | ||
ENERGY REWARDS, LLC | ||
ENERGY SOLUTIONS GROUP, LLC | ||
EVERYDAY ENERGY NJ, LLC | ||
EVERYDAY ENERGY, LLC | ||
PEOPLE’S CHOICE ENERGY, LLC | ||
PUBLIC POWER & UTILITY OF MARYLAND, LLC | ||
PUBLIC POWER & UTILITY OF NY, INC. | ||
PUBLIC POWER, LLC (a Connecticut limited liability company) | ||
PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) | ||
REGIONAL ENERGY HOLDINGS, INC. | ||
TRIEAGLE 1, LLC | ||
TRIEAGLE 2, LLC | ||
TRIEAGLE ENERGY LP | ||
VIRIDIAN ENERGY, LLC | ||
VIRIDIAN ENERGY PA LLC | ||
VIRIDIAN ENERGY NY, LLC | ||
VIRIDIAN NETWORK, LLC | ||
AS THE GUARANTEEING SUBSIDIARIES |
ANP BELLINGHAM ENERGY COMPANY, LLC | ILLINOIS POWER RESOURCES, LLC | ||||||||||
ANP BLACKSTONE ENERGY COMPANY, LLC | ILLINOVA CORPORATION | ||||||||||
BIG BROWN POWER COMPANY LLC BRIGHTSIDE SOLAR, LLC | IPH, LLC | ||||||||||
CALUMET ENERGY TEAM, LLC | KINCAID GENERATION, L.L.C. | ||||||||||
CASCO BAY ENERGY COMPANY, LLC | LA FRONTERA HOLDINGS, LLC | ||||||||||
COFFEEN AND WESTERN RAILROAD COMPANY | LAKE ROAD GENERATING COMPANY, LLC | ||||||||||
COLETO CREEK POWER, LLC | LIBERTY ELECTRIC POWER, LLC | ||||||||||
COMANCHE PEAK POWER COMPANY LLC | LONE STAR ENERGY COMPANY, INC. | ||||||||||
CORE SOLAR SPV I, LLC | LONE STAR PIPELINE COMPANY, INC. | ||||||||||
DALLAS POWER & LIGHT COMPANY, INC. | LUMINANT ENERGY COMPANY LLC | ||||||||||
DYNEGY ADMINISTRATIVE SERVICES COMPANY | LUMINANT ENERGY TRADING CALIFORNIA COMPANY | ||||||||||
DYNEGY ASSOCIATES NORTHEAST LP, INC. | LUMINANT ET SERVICES COMPANY LLC | ||||||||||
DYNEGY COAL GENERATION, LLC | LUMINANT GENERATION COMPANY LLC | ||||||||||
DYNEGY COAL HOLDCO, LLC | LUMINANT MINING COMPANY LLC | ||||||||||
DYNEGY COAL TRADING & TRANSPORTATION, L.L.C. | MASSPOWER, LLC | ||||||||||
DYNEGY COMMERCIAL ASSET MANAGEMENT, LLC | MIDLOTHIAN ENERGY, LLC | ||||||||||
DYNEGY CONESVILLE, LLC | MILFORD POWER COMPANY, LLC | ||||||||||
DYNEGY DICKS CREEK, LLC | MOSS LANDING ENERGY STORAGE 1, LLC | ||||||||||
DYNEGY ENERGY SERVICES (EAST), LLC | NCA RESOURCES DEVELOPMENT COMPANY LLC | ||||||||||
DYNEGY ENERGY SERVICES, LLC | NEPCO SERVICES COMPANY | ||||||||||
DYNEGY FAYETTE II, LLC | NORTHEASTERN POWER COMPANY | ||||||||||
DYNEGY GAS IMPORTS, LLC | OAK GROVE MANAGEMENT COMPANY LLC | ||||||||||
DYNEGY HANGING ROCK II, LLC | ONTELAUNEE POWER OPERATING COMPANY, LLC | ||||||||||
DYNEGY KENDALL ENERGY, LLC | PLEASANTS ENERGY, LLC | ||||||||||
DYNEGY KILLEN, LLC | RICHLAND-STRYKER GENERATION LLC | ||||||||||
DYNEGY MARKETING AND TRADE, LLC | SANDOW POWER COMPANY LLC | ||||||||||
DYNEGY MIAMI FORT, LLC | SITHE ENERGIES, INC. | ||||||||||
DYNEGY MIDWEST GENERATION, LLC | SITHE/INDEPENDENCE LLC | ||||||||||
DYNEGY MORRO BAY, LLC | SOUTHWESTERN ELECTRIC SERVICE COMPANY, INC. | ||||||||||
DYNEGY MOSS LANDING, LLC | TEXAS ELECTRIC SERVICE COMPANY, INC. | ||||||||||
DYNEGY NORTHEAST GENERATION GP, INC. | TEXAS ENERGY INDUSTRIES COMPANY, INC. | ||||||||||
DYNEGY OAKLAND, LLC | TEXAS POWER & LIGHT COMPANY, INC. | ||||||||||
DYNEGY OPERATING COMPANY | TEXAS UTILITIES COMPANY, INC. | ||||||||||
DYNEGY POWER GENERATION INC. | TEXAS UTILITIES ELECTRIC COMPANY, INC. | ||||||||||
DYNEGY POWER MARKETING, LLC | T-FUELS, LLC | ||||||||||
DYNEGY POWER, LLC | TXU ELECTRIC COMPANY, INC. | ||||||||||
DYNEGY RESOURCE II, LLC | TXU ENERGY RETAIL COMPANY LLC | ||||||||||
DYNEGY RESOURCES GENERATING HOLDCO, LLC | TXU RETAIL SERVICES COMPANY | ||||||||||
DYNEGY SOUTH BAY, LLC | UPTON COUNTY SOLAR 2, LLC | ||||||||||
DYNEGY STUART, LLC | VALUE BASED BRANDS LLC | ||||||||||
DYNEGY WASHINGTON II, LLC | VISTRA ASSET COMPANY LLC | ||||||||||
DYNEGY ZIMMER, LLC | VISTRA CORPORATE SERVICES COMPANY |
EMERALD GROVE SOLAR, LLC ENNIS POWER COMPANY, LLC | VISTRA EP PROPERTIES COMPANY | ||||||||||
EQUIPOWER RESOURCES CORP. | VISTRA FINANCE CORP. | ||||||||||
GENERATION SVC COMPANY | VISTRA INSURANCE SOLUTIONS LLC | ||||||||||
HALLMARK SOLAR, LLC HAVANA DOCK ENTERPRISES, LLC | VISTRA PREFERRED INC. | ||||||||||
HAYS ENERGY, LLC | VOLT ASSET COMPANY, INC. | ||||||||||
HOPEWELL POWER GENERATION, LLC | VOLT VENTURES LLC | ||||||||||
ILLINOIS POWER GENERATING COMPANY | WHARTON COUNTY GENERATION, LLC | ||||||||||
ILLINOIS POWER MARKETING COMPANY | WISE COUNTY POWER COMPANY, LLC | ||||||||||
ILLINOIS POWER RESOURCES GENERATING, LLC | WISE-FUELS PIPELINE, INC., |
Name | Jurisdiction | ||||
Big Sky Gas, LLC | Montana | ||||
Big Sky Gas Holdings, LLC | Delaware | ||||
Cincinnati Bell Energy, LLC | Nevada | ||||
Crius Energy, LLC | Delaware | ||||
Crius Energy Corporation | Delaware | ||||
Crius Energy Management, LLC | Delaware | ||||
Crius Energy Management 2, LLC | Nevada | ||||
Crius Solar Fulfillment, LLC | Delaware | ||||
Crius Solar Holdings, LLC | Nevada | ||||
Crius Solar, LLC | Nevada | ||||
Energy Rewards, LLC | Nevada | ||||
Energy Solutions Group, LLC | Nevada | ||||
Everyday Energy NJ, LLC | New Jersey | ||||
Everyday Energy, LLC | Nevada | ||||
People’s Choice Energy, LLC | Nevada | ||||
Public Power & Utility of Maryland, LLC | Maryland | ||||
Public Power & Utility of NY, LLC | New York | ||||
Public Power, LLC | Connecticut | ||||
Public Power, LLC | Pennsylvania | ||||
Regional Energy Holdings, Inc. | Nevada | ||||
Trieagle 1, LLC | Nevada | ||||
Trieagle 2, LLC | Nevada | ||||
Trieagle Energy LP | Texas | ||||
Viridian Energy, LLC | Nevada | ||||
Viridian Energy PA LLC | Nevada | ||||
Viridian Energy NY, LLC | New York | ||||
Viridian Network, LLC | Delaware |
AMBIT HOLDINGS, LLC AMBIT HOLDINGS US, LLC AMBIT ENERGY HOLDINGS, LLC BLUENET HOLDINGS, LLC AMBIT MARKETING, LLC AMBIT MANAGEMENT, LLC AMBIT NEW YORK, LLC AMBIT ILLINOIS, LLC AMBIT CALIFORNIA, LLC AMBIT SOUTHEAST, LLC AMBIT TEXAS, LLC AMBIT NORTHEAST, LLC AMBIT OHIO, LLC AMBIT MIDWEST, LLC AMBIT SOUTHWEST, LLC, | ||
AMBIT HOLDINGS US, LLC | ||
AMBIT ENERGY HOLDINGS, LLC | ||
BLUENET HOLDINGS, LLC | ||
AMBIT MARKETING, LLC | ||
AMBIT MANAGEMENT, LLC | ||
AMBIT NEW YORK, LLC | ||
AMBIT ILLINOIS, LLC | ||
AMBIT CALIFORNIA, LLC | ||
AMBIT SOUTHEAST, LLC | ||
AMBIT TEXAS, LLC | ||
AMBIT NORTHEAST, LLC | ||
AMBIT OHIO, LLC | ||
AMBIT MIDWEST, LLC | ||
AMBIT SOUTHWEST, LLC, | ||
as the Guaranteeing Subsidiaries |
ANP BELLINGHAM ENERGY COMPANY, LLC | ILLINOIS POWER GENERATING COMPANY | ||||
ANP BLACKSTONE ENERGY COMPANY, LLC | ILLINOIS POWER MARKETING COMPANY | ||||
BIG BROWN POWER COMPANY LLC | ILLINOIS POWER RESOURCES GENERATING, LLC | ||||
BIG SKY GAS, LLC | ILLINOIS POWER RESOURCES, LLC | ||||
BIG SKY GAS HOLDINGS, LLC | ILLINOVA CORPORATION | ||||
BRIGHTSIDE SOLAR, LLC | IPH, LLC | ||||
CALUMET ENERGY TEAM, LLC | KINCAID GENERATION, L.L.C. | ||||
CASCO BAY ENERGY COMPANY, LLC | LA FRONTERA HOLDINGS, LLC | ||||
CINCINNATI BELL ENERGY, LLC | LAKE ROAD GENERATING COMPANY, LLC | ||||
COFFEEN AND WESTERN RAILROAD COMPANY | LIBERTY ELECTRIC POWER, LLC | ||||
COLETO CREEK POWER, LLC | LONE STAR ENERGY COMPANY, INC. | ||||
COMANCHE PEAK POWER COMPANY LLC | LONE STAR PIPELINE COMPANY, INC. | ||||
CORE SOLAR SPV I, LLC | LUMINANT ENERGY COMPANY LLC | ||||
CRIUS ENERGY, LLC | LUMINANT ENERGY TRADING CALIFORNIA COMPANY | ||||
CRIUS ENERGY CORPORATION | LUMINANT ET SERVICES COMPANY LLC | ||||
CRIUS ENERGY MANAGEMENT, LLC | LUMINANT GENERATION COMPANY LLC | ||||
CRIUS ENERGY MANAGEMENT 2, LLC | LUMINANT MINING COMPANY LLC | ||||
CRIUS SOLAR FULFILLMENT, LLC | MASSPOWER, LLC | ||||
CRIUS SOLAR HOLDINGS, LLC | MIDLOTHIAN ENERGY, LLC | ||||
CRIUS SOLAR, LLC | MILFORD POWER COMPANY, LLC | ||||
DALLAS POWER & LIGHT COMPANY, INC. | MOSS LANDING ENERGY STORAGE 1, LLC | ||||
DYNEGY ADMINISTRATIVE SERVICES COMPANY | NCA RESOURCES DEVELOPMENT COMPANY LLC | ||||
DYNEGY ASSOCIATES NORTHEAST LP, INC. | NEPCO SERVICES COMPANY | ||||
DYNEGY COAL GENERATION, LLC | NORTHEASTERN POWER COMPANY | ||||
DYNEGY COAL HOLDCO, LLC | OAK GROVE MANAGEMENT COMPANY LLC | ||||
DYNEGY COAL TRADING & TRANSPORTATION, L.L.C. | ONTELAUNEE POWER OPERATING COMPANY, LLC | ||||
DYNEGY COMMERCIAL ASSET MANAGEMENT, LLC | PLEASANTS ENERGY, LLC | ||||
DYNEGY CONESVILLE, LLC | PEOPLE’S CHOICE ENERGY, LLC | ||||
DYNEGY DICKS CREEK, LLC | PUBLIC POWER & UTILITY OF MARYLAND, LLC | ||||
DYNEGY ENERGY SERVICES (EAST), LLC | PUBLIC POWER & UTILITY OF NY, INC. | ||||
DYNEGY ENERGY SERVICES, LLC | PUBLIC POWER, LLC (a Connecticut limited liability company) | ||||
DYNEGY FAYETTE II, LLC | PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) | ||||
DYNEGY GAS IMPORTS, LLC | REGIONAL ENERGY HOLDINGS, INC. | ||||
DYNEGY HANGING ROCK II, LLC | RICHLAND-STRYKER GENERATION LLC | ||||
DYNEGY KENDALL ENERGY, LLC | SANDOW POWER COMPANY LLC | ||||
DYNEGY KILLEN, LLC | SITHE ENERGIES, INC. | ||||
DYNEGY MARKETING AND TRADE, LLC | SITHE/INDEPENDENCE LLC | ||||
DYNEGY MIAMI FORT, LLC | SOUTHWESTERN ELECTRIC SERVICE COMPANY, INC. | ||||
DYNEGY MIDWEST GENERATION, LLC | TEXAS ELECTRIC SERVICE COMPANY, INC. | ||||
DYNEGY MORRO BAY, LLC | TEXAS ENERGY INDUSTRIES COMPANY, INC. | ||||
DYNEGY MOSS LANDING, LLC | TEXAS POWER & LIGHT COMPANY, INC. | ||||
DYNEGY NORTHEAST GENERATION GP, INC. | TEXAS UTILITIES COMPANY, INC. | ||||
DYNEGY OAKLAND, LLC | TEXAS UTILITIES ELECTRIC COMPANY, INC. | ||||
DYNEGY OPERATING COMPANY | TRIEAGLE 1, LLC |
DYNEGY POWER GENERATION INC. | TRIEAGLE 2, LLC | ||||
DYNEGY POWER MARKETING, LLC | TRIEAGLE ENERGY LP | ||||
DYNEGY POWER, LLC | TXU ELECTRIC COMPANY, INC. | ||||
DYNEGY RESOURCE II, LLC | TXU ENERGY RETAIL COMPANY LLC | ||||
DYNEGY RESOURCES GENERATING HOLDCO, LLC | TXU RETAIL SERVICES COMPANY | ||||
DYNEGY SOUTH BAY, LLC | UPTON COUNTY SOLAR 2, LLC | ||||
DYNEGY STUART, LLC | VALUE BASED BRANDS LLC | ||||
DYNEGY WASHINGTON II, LLC | VIRIDIAN ENERGY, LLC | ||||
DYNEGY ZIMMER, LLC | VIRIDIAN ENERGY PA LLC | ||||
EMERALD GROVE SOLAR, LLC | VIRIDIAN ENERGY NY, LLC | ||||
ENERGY REWARDS, LLC | VIRIDIAN NETWORK, LLC | ||||
ENERGY SOLUTIONS GROUP, LLC | VISTRA ASSET COMPANY LLC | ||||
ENNIS POWER COMPANY, LLC | VISTRA CORPORATE SERVICES COMPANY | ||||
EQUIPOWER RESOURCES CORP. | VISTRA EP PROPERTIES COMPANY | ||||
EVERYDAY ENERGY NJ, LLC | VISTRA FINANCE CORP. | ||||
EVERYDAY ENERGY, LLC | VISTRA INSURANCE SOLUTIONS LLC | ||||
GENERATION SVC COMPANY | VISTRA PREFERRED INC. | ||||
HALLMARK SOLAR, LLC | VOLT ASSET COMPANY, INC. | ||||
HAVANA DOCK ENTERPRISES, LLC | WHARTON COUNTY GENERATION, LLC | ||||
HAYS ENERGY, LLC | WISE COUNTY POWER COMPANY, LLC | ||||
HOPEWELL POWER GENERATION, LLC | WISE-FUELS PIPELINE, INC., |
Name | Jurisdiction | ||||
Ambit Holdings, LLC | Texas | ||||
Ambit Holdings US, LLC | Texas | ||||
Ambit Energy Holdings, LLC | Texas | ||||
BlueNet Holdings, LLC | Delaware | ||||
Ambit Marketing, LLC | Texas | ||||
Ambit Management, LLC | Texas | ||||
Ambit New York, LLC | New York | ||||
Ambit Illinois, LLC | Illinois | ||||
Ambit California, LLC | Delaware | ||||
Ambit Southeast, LLC | Delaware | ||||
Ambit Texas, LLC | Texas | ||||
Ambit Northeast, LLC | Delaware | ||||
Ambit Ohio, LLC | Ohio | ||||
Ambit Midwest, LLC | Delaware | ||||
Ambit Southwest, LLC | Delaware |
BIG SKY GAS, LLC BIG SKY GAS HOLDINGS, LLC CINCINNATI BELL ENERGY, LLC CRIUS ENERGY, LLC CRIUS ENERGY CORPORATION CRIUS ENERGY MANAGEMENT, LLC CRIUS ENERGY MANAGEMENT 2, LLC CRIUS SOLAR FULFILLMENT, LLC CRIUS SOLAR HOLDINGS, LLC CRIUS SOLAR, LLC ENERGY REWARDS, LLC ENERGY SOLUTIONS GROUP, LLC EVERYDAY ENERGY NJ, LLC EVERYDAY ENERGY, LLC PEOPLE’S CHOICE ENERGY, LLC PUBLIC POWER & UTILITY OF MARYLAND, LLC PUBLIC POWER & UTILITY OF NY, INC. PUBLIC POWER, LLC (a Connecticut limited liability company) PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) REGIONAL ENERGY HOLDINGS, INC. TRIEAGLE 1, LLC TRIEAGLE 2, LLC TRIEAGLE ENERGY LP VIRIDIAN ENERGY, LLC VIRIDIAN ENERGY PA LLC VIRIDIAN ENERGY NY, LLC VIRIDIAN NETWORK, LLC | ||
BIG SKY GAS HOLDINGS, LLC | ||
CINCINNATI BELL ENERGY, LLC | ||
CRIUS ENERGY, LLC | ||
CRIUS ENERGY CORPORATION | ||
CRIUS ENERGY MANAGEMENT, LLC | ||
CRIUS ENERGY MANAGEMENT 2, LLC | ||
CRIUS SOLAR FULFILLMENT, LLC | ||
CRIUS SOLAR HOLDINGS, LLC | ||
CRIUS SOLAR, LLC | ||
ENERGY REWARDS, LLC | ||
ENERGY SOLUTIONS GROUP, LLC | ||
EVERYDAY ENERGY NJ, LLC | ||
EVERYDAY ENERGY, LLC | ||
PEOPLE’S CHOICE ENERGY, LLC | ||
PUBLIC POWER & UTILITY OF MARYLAND, LLC | ||
PUBLIC POWER & UTILITY OF NY, INC. | ||
PUBLIC POWER, LLC (a Connecticut limited liability company) | ||
PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) | ||
REGIONAL ENERGY HOLDINGS, INC. | ||
TRIEAGLE 1, LLC | ||
TRIEAGLE 2, LLC | ||
TRIEAGLE ENERGY LP | ||
VIRIDIAN ENERGY, LLC | ||
VIRIDIAN ENERGY PA LLC | ||
VIRIDIAN ENERGY NY, LLC | ||
VIRIDIAN NETWORK, LLC | ||
AS THE GUARANTEEING SUBSIDIARIES |
ANP BELLINGHAM ENERGY COMPANY, LLC | ILLINOIS POWER RESOURCES, LLC | ||||||||||
ANP BLACKSTONE ENERGY COMPANY, LLC | ILLINOVA CORPORATION | ||||||||||
BIG BROWN POWER COMPANY LLC BRIGHTSIDE SOLAR, LLC | IPH, LLC | ||||||||||
CALUMET ENERGY TEAM, LLC | KINCAID GENERATION, L.L.C. | ||||||||||
CASCO BAY ENERGY COMPANY, LLC | LA FRONTERA HOLDINGS, LLC | ||||||||||
COFFEEN AND WESTERN RAILROAD COMPANY | LAKE ROAD GENERATING COMPANY, LLC | ||||||||||
COLETO CREEK POWER, LLC | LIBERTY ELECTRIC POWER, LLC | ||||||||||
COMANCHE PEAK POWER COMPANY LLC | LONE STAR ENERGY COMPANY, INC. | ||||||||||
CORE SOLAR SPV I, LLC | LONE STAR PIPELINE COMPANY, INC. | ||||||||||
DALLAS POWER & LIGHT COMPANY, INC. | LUMINANT ENERGY COMPANY LLC | ||||||||||
DYNEGY ADMINISTRATIVE SERVICES COMPANY | LUMINANT ENERGY TRADING CALIFORNIA COMPANY | ||||||||||
DYNEGY ASSOCIATES NORTHEAST LP, INC. | LUMINANT ET SERVICES COMPANY LLC | ||||||||||
DYNEGY COAL GENERATION, LLC | LUMINANT GENERATION COMPANY LLC | ||||||||||
DYNEGY COAL HOLDCO, LLC | LUMINANT MINING COMPANY LLC | ||||||||||
DYNEGY COAL TRADING & TRANSPORTATION, L.L.C. | MASSPOWER, LLC | ||||||||||
DYNEGY COMMERCIAL ASSET MANAGEMENT, LLC | MIDLOTHIAN ENERGY, LLC | ||||||||||
DYNEGY CONESVILLE, LLC | MILFORD POWER COMPANY, LLC | ||||||||||
DYNEGY DICKS CREEK, LLC | MOSS LANDING ENERGY STORAGE 1, LLC | ||||||||||
DYNEGY ENERGY SERVICES (EAST), LLC | NCA RESOURCES DEVELOPMENT COMPANY LLC | ||||||||||
DYNEGY ENERGY SERVICES, LLC | NEPCO SERVICES COMPANY | ||||||||||
DYNEGY FAYETTE II, LLC | NORTHEASTERN POWER COMPANY | ||||||||||
DYNEGY GAS IMPORTS, LLC | OAK GROVE MANAGEMENT COMPANY LLC | ||||||||||
DYNEGY HANGING ROCK II, LLC | ONTELAUNEE POWER OPERATING COMPANY, LLC | ||||||||||
DYNEGY KENDALL ENERGY, LLC | PLEASANTS ENERGY, LLC | ||||||||||
DYNEGY KILLEN, LLC | RICHLAND-STRYKER GENERATION LLC | ||||||||||
DYNEGY MARKETING AND TRADE, LLC | SANDOW POWER COMPANY LLC | ||||||||||
DYNEGY MIAMI FORT, LLC | SITHE ENERGIES, INC. | ||||||||||
DYNEGY MIDWEST GENERATION, LLC | SITHE/INDEPENDENCE LLC | ||||||||||
DYNEGY MORRO BAY, LLC | SOUTHWESTERN ELECTRIC SERVICE COMPANY, INC. | ||||||||||
DYNEGY MOSS LANDING, LLC | TEXAS ELECTRIC SERVICE COMPANY, INC. | ||||||||||
DYNEGY NORTHEAST GENERATION GP, INC. | TEXAS ENERGY INDUSTRIES COMPANY, INC. | ||||||||||
DYNEGY OAKLAND, LLC | TEXAS POWER & LIGHT COMPANY, INC. | ||||||||||
DYNEGY OPERATING COMPANY | TEXAS UTILITIES COMPANY, INC. | ||||||||||
DYNEGY POWER GENERATION INC. | TEXAS UTILITIES ELECTRIC COMPANY, INC. | ||||||||||
DYNEGY POWER MARKETING, LLC | T-FUELS, LLC | ||||||||||
DYNEGY POWER, LLC | TXU ELECTRIC COMPANY, INC. | ||||||||||
DYNEGY RESOURCE II, LLC | TXU ENERGY RETAIL COMPANY LLC | ||||||||||
DYNEGY RESOURCES GENERATING HOLDCO, LLC | TXU RETAIL SERVICES COMPANY | ||||||||||
DYNEGY SOUTH BAY, LLC | UPTON COUNTY SOLAR 2, LLC | ||||||||||
DYNEGY STUART, LLC | VALUE BASED BRANDS LLC | ||||||||||
DYNEGY WASHINGTON II, LLC | VISTRA ASSET COMPANY LLC | ||||||||||
DYNEGY ZIMMER, LLC | VISTRA CORPORATE SERVICES COMPANY |
EMERALD GROVE SOLAR, LLC ENNIS POWER COMPANY, LLC | VISTRA EP PROPERTIES COMPANY | ||||||||||
EQUIPOWER RESOURCES CORP. | VISTRA FINANCE CORP. | ||||||||||
GENERATION SVC COMPANY | VISTRA INSURANCE SOLUTIONS LLC | ||||||||||
HALLMARK SOLAR, LLC HAVANA DOCK ENTERPRISES, LLC | VISTRA PREFERRED INC. | ||||||||||
HAYS ENERGY, LLC | VOLT ASSET COMPANY, INC. | ||||||||||
HOPEWELL POWER GENERATION, LLC | VOLT VENTURES LLC | ||||||||||
ILLINOIS POWER GENERATING COMPANY | WHARTON COUNTY GENERATION, LLC | ||||||||||
ILLINOIS POWER MARKETING COMPANY | WISE COUNTY POWER COMPANY, LLC | ||||||||||
ILLINOIS POWER RESOURCES GENERATING, LLC | WISE-FUELS PIPELINE, INC., |
Name | Jurisdiction | ||||
Big Sky Gas, LLC | Montana | ||||
Big Sky Gas Holdings, LLC | Delaware | ||||
Cincinnati Bell Energy, LLC | Nevada | ||||
Crius Energy, LLC | Delaware | ||||
Crius Energy Corporation | Delaware | ||||
Crius Energy Management, LLC | Delaware | ||||
Crius Energy Management 2, LLC | Nevada | ||||
Crius Solar Fulfillment, LLC | Delaware | ||||
Crius Solar Holdings, LLC | Nevada | ||||
Crius Solar, LLC | Nevada | ||||
Energy Rewards, LLC | Nevada | ||||
Energy Solutions Group, LLC | Nevada | ||||
Everyday Energy NJ, LLC | New Jersey | ||||
Everyday Energy, LLC | Nevada | ||||
People’s Choice Energy, LLC | Nevada | ||||
Public Power & Utility of Maryland, LLC | Maryland | ||||
Public Power & Utility of NY, LLC | New York | ||||
Public Power, LLC | Connecticut | ||||
Public Power, LLC | Pennsylvania | ||||
Regional Energy Holdings, Inc. | Nevada | ||||
Trieagle 1, LLC | Nevada | ||||
Trieagle 2, LLC | Nevada | ||||
Trieagle Energy LP | Texas | ||||
Viridian Energy, LLC | Nevada | ||||
Viridian Energy PA LLC | Nevada | ||||
Viridian Energy NY, LLC | New York | ||||
Viridian Network, LLC | Delaware |
AMBIT HOLDINGS, LLC AMBIT HOLDINGS US, LLC AMBIT ENERGY HOLDINGS, LLC BLUENET HOLDINGS, LLC AMBIT MARKETING, LLC AMBIT MANAGEMENT, LLC AMBIT NEW YORK, LLC AMBIT ILLINOIS, LLC AMBIT CALIFORNIA, LLC AMBIT SOUTHEAST, LLC AMBIT TEXAS, LLC AMBIT NORTHEAST, LLC AMBIT OHIO, LLC AMBIT MIDWEST, LLC AMBIT SOUTHWEST, LLC, | ||
AMBIT HOLDINGS US, LLC | ||
AMBIT ENERGY HOLDINGS, LLC | ||
BLUENET HOLDINGS, LLC | ||
AMBIT MARKETING, LLC | ||
AMBIT MANAGEMENT, LLC | ||
AMBIT NEW YORK, LLC | ||
AMBIT ILLINOIS, LLC | ||
AMBIT CALIFORNIA, LLC | ||
AMBIT SOUTHEAST, LLC | ||
AMBIT TEXAS, LLC | ||
AMBIT NORTHEAST, LLC | ||
AMBIT OHIO, LLC | ||
AMBIT MIDWEST, LLC | ||
AMBIT SOUTHWEST, LLC, | ||
as the Guaranteeing Subsidiaries |
ANP BELLINGHAM ENERGY COMPANY, LLC | ILLINOIS POWER GENERATING COMPANY | ||||
ANP BLACKSTONE ENERGY COMPANY, LLC | ILLINOIS POWER MARKETING COMPANY | ||||
BIG BROWN POWER COMPANY LLC | ILLINOIS POWER RESOURCES GENERATING, LLC | ||||
BIG SKY GAS, LLC | ILLINOIS POWER RESOURCES, LLC | ||||
BIG SKY GAS HOLDINGS, LLC | ILLINOVA CORPORATION | ||||
BRIGHTSIDE SOLAR, LLC | IPH, LLC | ||||
CALUMET ENERGY TEAM, LLC | KINCAID GENERATION, L.L.C. | ||||
CASCO BAY ENERGY COMPANY, LLC | LA FRONTERA HOLDINGS, LLC | ||||
CINCINNATI BELL ENERGY, LLC | LAKE ROAD GENERATING COMPANY, LLC | ||||
COFFEEN AND WESTERN RAILROAD COMPANY | LIBERTY ELECTRIC POWER, LLC | ||||
COLETO CREEK POWER, LLC | LONE STAR ENERGY COMPANY, INC. | ||||
COMANCHE PEAK POWER COMPANY LLC | LONE STAR PIPELINE COMPANY, INC. | ||||
CORE SOLAR SPV I, LLC | LUMINANT ENERGY COMPANY LLC | ||||
CRIUS ENERGY, LLC | LUMINANT ENERGY TRADING CALIFORNIA COMPANY | ||||
CRIUS ENERGY CORPORATION | LUMINANT ET SERVICES COMPANY LLC | ||||
CRIUS ENERGY MANAGEMENT, LLC | LUMINANT GENERATION COMPANY LLC | ||||
CRIUS ENERGY MANAGEMENT 2, LLC | LUMINANT MINING COMPANY LLC | ||||
CRIUS SOLAR FULFILLMENT, LLC | MASSPOWER, LLC | ||||
CRIUS SOLAR HOLDINGS, LLC | MIDLOTHIAN ENERGY, LLC | ||||
CRIUS SOLAR, LLC | MILFORD POWER COMPANY, LLC | ||||
DALLAS POWER & LIGHT COMPANY, INC. | MOSS LANDING ENERGY STORAGE 1, LLC | ||||
DYNEGY ADMINISTRATIVE SERVICES COMPANY | NCA RESOURCES DEVELOPMENT COMPANY LLC | ||||
DYNEGY ASSOCIATES NORTHEAST LP, INC. | NEPCO SERVICES COMPANY | ||||
DYNEGY COAL GENERATION, LLC | NORTHEASTERN POWER COMPANY | ||||
DYNEGY COAL HOLDCO, LLC | OAK GROVE MANAGEMENT COMPANY LLC | ||||
DYNEGY COAL TRADING & TRANSPORTATION, L.L.C. | ONTELAUNEE POWER OPERATING COMPANY, LLC | ||||
DYNEGY COMMERCIAL ASSET MANAGEMENT, LLC | PLEASANTS ENERGY, LLC | ||||
DYNEGY CONESVILLE, LLC | PEOPLE’S CHOICE ENERGY, LLC | ||||
DYNEGY DICKS CREEK, LLC | PUBLIC POWER & UTILITY OF MARYLAND, LLC | ||||
DYNEGY ENERGY SERVICES (EAST), LLC | PUBLIC POWER & UTILITY OF NY, INC. | ||||
DYNEGY ENERGY SERVICES, LLC | PUBLIC POWER, LLC (a Connecticut limited liability company) | ||||
DYNEGY FAYETTE II, LLC | PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) | ||||
DYNEGY GAS IMPORTS, LLC | REGIONAL ENERGY HOLDINGS, INC. | ||||
DYNEGY HANGING ROCK II, LLC | RICHLAND-STRYKER GENERATION LLC | ||||
DYNEGY KENDALL ENERGY, LLC | SANDOW POWER COMPANY LLC | ||||
DYNEGY KILLEN, LLC | SITHE ENERGIES, INC. | ||||
DYNEGY MARKETING AND TRADE, LLC | SITHE/INDEPENDENCE LLC | ||||
DYNEGY MIAMI FORT, LLC | SOUTHWESTERN ELECTRIC SERVICE COMPANY, INC. | ||||
DYNEGY MIDWEST GENERATION, LLC | TEXAS ELECTRIC SERVICE COMPANY, INC. | ||||
DYNEGY MORRO BAY, LLC | TEXAS ENERGY INDUSTRIES COMPANY, INC. | ||||
DYNEGY MOSS LANDING, LLC | TEXAS POWER & LIGHT COMPANY, INC. | ||||
DYNEGY NORTHEAST GENERATION GP, INC. | TEXAS UTILITIES COMPANY, INC. | ||||
DYNEGY OAKLAND, LLC | TEXAS UTILITIES ELECTRIC COMPANY, INC. | ||||
DYNEGY OPERATING COMPANY | TRIEAGLE 1, LLC |
DYNEGY POWER GENERATION INC. | TRIEAGLE 2, LLC | ||||
DYNEGY POWER MARKETING, LLC | TRIEAGLE ENERGY LP | ||||
DYNEGY POWER, LLC | TXU ELECTRIC COMPANY, INC. | ||||
DYNEGY RESOURCE II, LLC | TXU ENERGY RETAIL COMPANY LLC | ||||
DYNEGY RESOURCES GENERATING HOLDCO, LLC | TXU RETAIL SERVICES COMPANY | ||||
DYNEGY SOUTH BAY, LLC | UPTON COUNTY SOLAR 2, LLC | ||||
DYNEGY STUART, LLC | VALUE BASED BRANDS LLC | ||||
DYNEGY WASHINGTON II, LLC | VIRIDIAN ENERGY, LLC | ||||
DYNEGY ZIMMER, LLC | VIRIDIAN ENERGY PA LLC | ||||
EMERALD GROVE SOLAR, LLC | VIRIDIAN ENERGY NY, LLC | ||||
ENERGY REWARDS, LLC | VIRIDIAN NETWORK, LLC | ||||
ENERGY SOLUTIONS GROUP, LLC | VISTRA ASSET COMPANY LLC | ||||
ENNIS POWER COMPANY, LLC | VISTRA CORPORATE SERVICES COMPANY | ||||
EQUIPOWER RESOURCES CORP. | VISTRA EP PROPERTIES COMPANY | ||||
EVERYDAY ENERGY NJ, LLC | VISTRA FINANCE CORP. | ||||
EVERYDAY ENERGY, LLC | VISTRA INSURANCE SOLUTIONS LLC | ||||
GENERATION SVC COMPANY | VISTRA PREFERRED INC. | ||||
HALLMARK SOLAR, LLC | VOLT ASSET COMPANY, INC. | ||||
HAVANA DOCK ENTERPRISES, LLC | WHARTON COUNTY GENERATION, LLC | ||||
HAYS ENERGY, LLC | WISE COUNTY POWER COMPANY, LLC | ||||
HOPEWELL POWER GENERATION, LLC | WISE-FUELS PIPELINE, INC., |
Name | Jurisdiction | ||||
Ambit Holdings, LLC | Texas | ||||
Ambit Holdings US, LLC | Texas | ||||
Ambit Energy Holdings, LLC | Texas | ||||
BlueNet Holdings, LLC | Delaware | ||||
Ambit Marketing, LLC | Texas | ||||
Ambit Management, LLC | Texas | ||||
Ambit New York, LLC | New York | ||||
Ambit Illinois, LLC | Illinois | ||||
Ambit California, LLC | Delaware | ||||
Ambit Southeast, LLC | Delaware | ||||
Ambit Texas, LLC | Texas | ||||
Ambit Northeast, LLC | Delaware | ||||
Ambit Ohio, LLC | Ohio | ||||
Ambit Midwest, LLC | Delaware | ||||
Ambit Southwest, LLC | Delaware |
BIG SKY GAS, LLC BIG SKY GAS HOLDINGS, LLC CINCINNATI BELL ENERGY, LLC CRIUS ENERGY, LLC CRIUS ENERGY CORPORATION CRIUS ENERGY MANAGEMENT, LLC CRIUS ENERGY MANAGEMENT 2, LLC CRIUS SOLAR FULFILLMENT, LLC CRIUS SOLAR HOLDINGS, LLC CRIUS SOLAR, LLC ENERGY REWARDS, LLC ENERGY SOLUTIONS GROUP, LLC EVERYDAY ENERGY NJ, LLC EVERYDAY ENERGY, LLC PEOPLE’S CHOICE ENERGY, LLC PUBLIC POWER & UTILITY OF MARYLAND, LLC PUBLIC POWER & UTILITY OF NY, INC. PUBLIC POWER, LLC (a Connecticut limited liability company) PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) REGIONAL ENERGY HOLDINGS, INC. TRIEAGLE 1, LLC TRIEAGLE 2, LLC TRIEAGLE ENERGY LP VIRIDIAN ENERGY, LLC VIRIDIAN ENERGY PA LLC VIRIDIAN ENERGY NY, LLC VIRIDIAN NETWORK, LLC | ||
BIG SKY GAS HOLDINGS, LLC | ||
CINCINNATI BELL ENERGY, LLC | ||
CRIUS ENERGY, LLC | ||
CRIUS ENERGY CORPORATION | ||
CRIUS ENERGY MANAGEMENT, LLC | ||
CRIUS ENERGY MANAGEMENT 2, LLC | ||
CRIUS SOLAR FULFILLMENT, LLC | ||
CRIUS SOLAR HOLDINGS, LLC | ||
CRIUS SOLAR, LLC | ||
ENERGY REWARDS, LLC | ||
ENERGY SOLUTIONS GROUP, LLC | ||
EVERYDAY ENERGY NJ, LLC | ||
EVERYDAY ENERGY, LLC | ||
PEOPLE’S CHOICE ENERGY, LLC | ||
PUBLIC POWER & UTILITY OF MARYLAND, LLC | ||
PUBLIC POWER & UTILITY OF NY, INC. | ||
PUBLIC POWER, LLC (a Connecticut limited liability company) | ||
PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) | ||
REGIONAL ENERGY HOLDINGS, INC. | ||
TRIEAGLE 1, LLC | ||
TRIEAGLE 2, LLC | ||
TRIEAGLE ENERGY LP | ||
VIRIDIAN ENERGY, LLC | ||
VIRIDIAN ENERGY PA LLC | ||
VIRIDIAN ENERGY NY, LLC | ||
VIRIDIAN NETWORK, LLC | ||
AS THE GUARANTEEING SUBSIDIARIES |
ANP BELLINGHAM ENERGY COMPANY, LLC | ILLINOIS POWER RESOURCES, LLC | ||||||||||
ANP BLACKSTONE ENERGY COMPANY, LLC | ILLINOVA CORPORATION | ||||||||||
BIG BROWN POWER COMPANY LLC BRIGHTSIDE SOLAR, LLC | IPH, LLC | ||||||||||
CALUMET ENERGY TEAM, LLC | KINCAID GENERATION, L.L.C. | ||||||||||
CASCO BAY ENERGY COMPANY, LLC | LA FRONTERA HOLDINGS, LLC | ||||||||||
COFFEEN AND WESTERN RAILROAD COMPANY | LAKE ROAD GENERATING COMPANY, LLC | ||||||||||
COLETO CREEK POWER, LLC | LIBERTY ELECTRIC POWER, LLC | ||||||||||
COMANCHE PEAK POWER COMPANY LLC | LONE STAR ENERGY COMPANY, INC. | ||||||||||
CORE SOLAR SPV I, LLC | LONE STAR PIPELINE COMPANY, INC. | ||||||||||
DALLAS POWER & LIGHT COMPANY, INC. | LUMINANT ENERGY COMPANY LLC | ||||||||||
DYNEGY ADMINISTRATIVE SERVICES COMPANY | LUMINANT ENERGY TRADING CALIFORNIA COMPANY | ||||||||||
DYNEGY ASSOCIATES NORTHEAST LP, INC. | LUMINANT ET SERVICES COMPANY LLC | ||||||||||
DYNEGY COAL GENERATION, LLC | LUMINANT GENERATION COMPANY LLC | ||||||||||
DYNEGY COAL HOLDCO, LLC | LUMINANT MINING COMPANY LLC | ||||||||||
DYNEGY COAL TRADING & TRANSPORTATION, L.L.C. | MASSPOWER, LLC | ||||||||||
DYNEGY COMMERCIAL ASSET MANAGEMENT, LLC | MIDLOTHIAN ENERGY, LLC | ||||||||||
DYNEGY CONESVILLE, LLC | MILFORD POWER COMPANY, LLC | ||||||||||
DYNEGY DICKS CREEK, LLC | MOSS LANDING ENERGY STORAGE 1, LLC | ||||||||||
DYNEGY ENERGY SERVICES (EAST), LLC | NCA RESOURCES DEVELOPMENT COMPANY LLC | ||||||||||
DYNEGY ENERGY SERVICES, LLC | NEPCO SERVICES COMPANY | ||||||||||
DYNEGY FAYETTE II, LLC | NORTHEASTERN POWER COMPANY | ||||||||||
DYNEGY GAS IMPORTS, LLC | OAK GROVE MANAGEMENT COMPANY LLC | ||||||||||
DYNEGY HANGING ROCK II, LLC | ONTELAUNEE POWER OPERATING COMPANY, LLC | ||||||||||
DYNEGY KENDALL ENERGY, LLC | PLEASANTS ENERGY, LLC | ||||||||||
DYNEGY KILLEN, LLC | RICHLAND-STRYKER GENERATION LLC | ||||||||||
DYNEGY MARKETING AND TRADE, LLC | SANDOW POWER COMPANY LLC | ||||||||||
DYNEGY MIAMI FORT, LLC | SITHE ENERGIES, INC. | ||||||||||
DYNEGY MIDWEST GENERATION, LLC | SITHE/INDEPENDENCE LLC | ||||||||||
DYNEGY MORRO BAY, LLC | SOUTHWESTERN ELECTRIC SERVICE COMPANY, INC. | ||||||||||
DYNEGY MOSS LANDING, LLC | TEXAS ELECTRIC SERVICE COMPANY, INC. | ||||||||||
DYNEGY NORTHEAST GENERATION GP, INC. | TEXAS ENERGY INDUSTRIES COMPANY, INC. | ||||||||||
DYNEGY OAKLAND, LLC | TEXAS POWER & LIGHT COMPANY, INC. | ||||||||||
DYNEGY OPERATING COMPANY | TEXAS UTILITIES COMPANY, INC. | ||||||||||
DYNEGY POWER GENERATION INC. | TEXAS UTILITIES ELECTRIC COMPANY, INC. | ||||||||||
DYNEGY POWER MARKETING, LLC | T-FUELS, LLC | ||||||||||
DYNEGY POWER, LLC | TXU ELECTRIC COMPANY, INC. | ||||||||||
DYNEGY RESOURCE II, LLC | TXU ENERGY RETAIL COMPANY LLC | ||||||||||
DYNEGY RESOURCES GENERATING HOLDCO, LLC | TXU RETAIL SERVICES COMPANY | ||||||||||
DYNEGY SOUTH BAY, LLC | UPTON COUNTY SOLAR 2, LLC | ||||||||||
DYNEGY STUART, LLC | VALUE BASED BRANDS LLC | ||||||||||
DYNEGY WASHINGTON II, LLC | VISTRA ASSET COMPANY LLC | ||||||||||
DYNEGY ZIMMER, LLC | VISTRA CORPORATE SERVICES COMPANY |
EMERALD GROVE SOLAR, LLC ENNIS POWER COMPANY, LLC | VISTRA EP PROPERTIES COMPANY | ||||||||||
EQUIPOWER RESOURCES CORP. | VISTRA FINANCE CORP. | ||||||||||
GENERATION SVC COMPANY | VISTRA INSURANCE SOLUTIONS LLC | ||||||||||
HALLMARK SOLAR, LLC HAVANA DOCK ENTERPRISES, LLC | VISTRA PREFERRED INC. | ||||||||||
HAYS ENERGY, LLC | VOLT ASSET COMPANY, INC. | ||||||||||
HOPEWELL POWER GENERATION, LLC | VOLT VENTURES LLC | ||||||||||
ILLINOIS POWER GENERATING COMPANY | WHARTON COUNTY GENERATION, LLC | ||||||||||
ILLINOIS POWER MARKETING COMPANY | WISE COUNTY POWER COMPANY, LLC | ||||||||||
ILLINOIS POWER RESOURCES GENERATING, LLC | WISE-FUELS PIPELINE, INC., |
Name | Jurisdiction | ||||
Big Sky Gas, LLC | Montana | ||||
Big Sky Gas Holdings, LLC | Delaware | ||||
Cincinnati Bell Energy, LLC | Nevada | ||||
Crius Energy, LLC | Delaware | ||||
Crius Energy Corporation | Delaware | ||||
Crius Energy Management, LLC | Delaware | ||||
Crius Energy Management 2, LLC | Nevada | ||||
Crius Solar Fulfillment, LLC | Delaware | ||||
Crius Solar Holdings, LLC | Nevada | ||||
Crius Solar, LLC | Nevada | ||||
Energy Rewards, LLC | Nevada | ||||
Energy Solutions Group, LLC | Nevada | ||||
Everyday Energy NJ, LLC | New Jersey | ||||
Everyday Energy, LLC | Nevada | ||||
People’s Choice Energy, LLC | Nevada | ||||
Public Power & Utility of Maryland, LLC | Maryland | ||||
Public Power & Utility of NY, LLC | New York | ||||
Public Power, LLC | Connecticut | ||||
Public Power, LLC | Pennsylvania | ||||
Regional Energy Holdings, Inc. | Nevada | ||||
Trieagle 1, LLC | Nevada | ||||
Trieagle 2, LLC | Nevada | ||||
Trieagle Energy LP | Texas | ||||
Viridian Energy, LLC | Nevada | ||||
Viridian Energy PA LLC | Nevada | ||||
Viridian Energy NY, LLC | New York | ||||
Viridian Network, LLC | Delaware |
AMBIT HOLDINGS, LLC AMBIT HOLDINGS US, LLC AMBIT ENERGY HOLDINGS, LLC BLUENET HOLDINGS, LLC AMBIT MARKETING, LLC AMBIT MANAGEMENT, LLC AMBIT NEW YORK, LLC AMBIT ILLINOIS, LLC AMBIT CALIFORNIA, LLC AMBIT SOUTHEAST, LLC AMBIT TEXAS, LLC AMBIT NORTHEAST, LLC AMBIT OHIO, LLC AMBIT MIDWEST, LLC AMBIT SOUTHWEST, LLC, | ||
AMBIT HOLDINGS US, LLC | ||
AMBIT ENERGY HOLDINGS, LLC | ||
BLUENET HOLDINGS, LLC | ||
AMBIT MARKETING, LLC | ||
AMBIT MANAGEMENT, LLC | ||
AMBIT NEW YORK, LLC | ||
AMBIT ILLINOIS, LLC | ||
AMBIT CALIFORNIA, LLC | ||
AMBIT SOUTHEAST, LLC | ||
AMBIT TEXAS, LLC | ||
AMBIT NORTHEAST, LLC | ||
AMBIT OHIO, LLC | ||
AMBIT MIDWEST, LLC | ||
AMBIT SOUTHWEST, LLC, | ||
as the Guaranteeing Subsidiaries |
ANP BELLINGHAM ENERGY COMPANY, LLC | ILLINOIS POWER GENERATING COMPANY | ||||
ANP BLACKSTONE ENERGY COMPANY, LLC | ILLINOIS POWER MARKETING COMPANY | ||||
BIG BROWN POWER COMPANY LLC | ILLINOIS POWER RESOURCES GENERATING, LLC | ||||
BIG SKY GAS, LLC | ILLINOIS POWER RESOURCES, LLC | ||||
BIG SKY GAS HOLDINGS, LLC | ILLINOVA CORPORATION | ||||
BRIGHTSIDE SOLAR, LLC | IPH, LLC | ||||
CALUMET ENERGY TEAM, LLC | KINCAID GENERATION, L.L.C. | ||||
CASCO BAY ENERGY COMPANY, LLC | LA FRONTERA HOLDINGS, LLC | ||||
CINCINNATI BELL ENERGY, LLC | LAKE ROAD GENERATING COMPANY, LLC | ||||
COFFEEN AND WESTERN RAILROAD COMPANY | LIBERTY ELECTRIC POWER, LLC | ||||
COLETO CREEK POWER, LLC | LONE STAR ENERGY COMPANY, INC. | ||||
COMANCHE PEAK POWER COMPANY LLC | LONE STAR PIPELINE COMPANY, INC. | ||||
CORE SOLAR SPV I, LLC | LUMINANT ENERGY COMPANY LLC | ||||
CRIUS ENERGY, LLC | LUMINANT ENERGY TRADING CALIFORNIA COMPANY | ||||
CRIUS ENERGY CORPORATION | LUMINANT ET SERVICES COMPANY LLC | ||||
CRIUS ENERGY MANAGEMENT, LLC | LUMINANT GENERATION COMPANY LLC | ||||
CRIUS ENERGY MANAGEMENT 2, LLC | LUMINANT MINING COMPANY LLC | ||||
CRIUS SOLAR FULFILLMENT, LLC | MASSPOWER, LLC | ||||
CRIUS SOLAR HOLDINGS, LLC | MIDLOTHIAN ENERGY, LLC | ||||
CRIUS SOLAR, LLC | MILFORD POWER COMPANY, LLC | ||||
DALLAS POWER & LIGHT COMPANY, INC. | MOSS LANDING ENERGY STORAGE 1, LLC | ||||
DYNEGY ADMINISTRATIVE SERVICES COMPANY | NCA RESOURCES DEVELOPMENT COMPANY LLC | ||||
DYNEGY ASSOCIATES NORTHEAST LP, INC. | NEPCO SERVICES COMPANY | ||||
DYNEGY COAL GENERATION, LLC | NORTHEASTERN POWER COMPANY | ||||
DYNEGY COAL HOLDCO, LLC | OAK GROVE MANAGEMENT COMPANY LLC | ||||
DYNEGY COAL TRADING & TRANSPORTATION, L.L.C. | ONTELAUNEE POWER OPERATING COMPANY, LLC | ||||
DYNEGY COMMERCIAL ASSET MANAGEMENT, LLC | PLEASANTS ENERGY, LLC | ||||
DYNEGY CONESVILLE, LLC | PEOPLE’S CHOICE ENERGY, LLC | ||||
DYNEGY DICKS CREEK, LLC | PUBLIC POWER & UTILITY OF MARYLAND, LLC | ||||
DYNEGY ENERGY SERVICES (EAST), LLC | PUBLIC POWER & UTILITY OF NY, INC. | ||||
DYNEGY ENERGY SERVICES, LLC | PUBLIC POWER, LLC (a Connecticut limited liability company) | ||||
DYNEGY FAYETTE II, LLC | PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company) | ||||
DYNEGY GAS IMPORTS, LLC | REGIONAL ENERGY HOLDINGS, INC. | ||||
DYNEGY HANGING ROCK II, LLC | RICHLAND-STRYKER GENERATION LLC | ||||
DYNEGY KENDALL ENERGY, LLC | SANDOW POWER COMPANY LLC | ||||
DYNEGY KILLEN, LLC | SITHE ENERGIES, INC. | ||||
DYNEGY MARKETING AND TRADE, LLC | SITHE/INDEPENDENCE LLC | ||||
DYNEGY MIAMI FORT, LLC | SOUTHWESTERN ELECTRIC SERVICE COMPANY, INC. | ||||
DYNEGY MIDWEST GENERATION, LLC | TEXAS ELECTRIC SERVICE COMPANY, INC. | ||||
DYNEGY MORRO BAY, LLC | TEXAS ENERGY INDUSTRIES COMPANY, INC. | ||||
DYNEGY MOSS LANDING, LLC | TEXAS POWER & LIGHT COMPANY, INC. | ||||
DYNEGY NORTHEAST GENERATION GP, INC. | TEXAS UTILITIES COMPANY, INC. | ||||
DYNEGY OAKLAND, LLC | TEXAS UTILITIES ELECTRIC COMPANY, INC. | ||||
DYNEGY OPERATING COMPANY | TRIEAGLE 1, LLC |
DYNEGY POWER GENERATION INC. | TRIEAGLE 2, LLC | ||||
DYNEGY POWER MARKETING, LLC | TRIEAGLE ENERGY LP | ||||
DYNEGY POWER, LLC | TXU ELECTRIC COMPANY, INC. | ||||
DYNEGY RESOURCE II, LLC | TXU ENERGY RETAIL COMPANY LLC | ||||
DYNEGY RESOURCES GENERATING HOLDCO, LLC | TXU RETAIL SERVICES COMPANY | ||||
DYNEGY SOUTH BAY, LLC | UPTON COUNTY SOLAR 2, LLC | ||||
DYNEGY STUART, LLC | VALUE BASED BRANDS LLC | ||||
DYNEGY WASHINGTON II, LLC | VIRIDIAN ENERGY, LLC | ||||
DYNEGY ZIMMER, LLC | VIRIDIAN ENERGY PA LLC | ||||
EMERALD GROVE SOLAR, LLC | VIRIDIAN ENERGY NY, LLC | ||||
ENERGY REWARDS, LLC | VIRIDIAN NETWORK, LLC | ||||
ENERGY SOLUTIONS GROUP, LLC | VISTRA ASSET COMPANY LLC | ||||
ENNIS POWER COMPANY, LLC | VISTRA CORPORATE SERVICES COMPANY | ||||
EQUIPOWER RESOURCES CORP. | VISTRA EP PROPERTIES COMPANY | ||||
EVERYDAY ENERGY NJ, LLC | VISTRA FINANCE CORP. | ||||
EVERYDAY ENERGY, LLC | VISTRA INSURANCE SOLUTIONS LLC | ||||
GENERATION SVC COMPANY | VISTRA PREFERRED INC. | ||||
HALLMARK SOLAR, LLC | VOLT ASSET COMPANY, INC. | ||||
HAVANA DOCK ENTERPRISES, LLC | WHARTON COUNTY GENERATION, LLC | ||||
HAYS ENERGY, LLC | WISE COUNTY POWER COMPANY, LLC | ||||
HOPEWELL POWER GENERATION, LLC | WISE-FUELS PIPELINE, INC., |
Name | Jurisdiction | ||||
Ambit Holdings, LLC | Texas | ||||
Ambit Holdings US, LLC | Texas | ||||
Ambit Energy Holdings, LLC | Texas | ||||
BlueNet Holdings, LLC | Delaware | ||||
Ambit Marketing, LLC | Texas | ||||
Ambit Management, LLC | Texas | ||||
Ambit New York, LLC | New York | ||||
Ambit Illinois, LLC | Illinois | ||||
Ambit California, LLC | Delaware | ||||
Ambit Southeast, LLC | Delaware | ||||
Ambit Texas, LLC | Texas | ||||
Ambit Northeast, LLC | Delaware | ||||
Ambit Ohio, LLC | Ohio | ||||
Ambit Midwest, LLC | Delaware | ||||
Ambit Southwest, LLC | Delaware |
Date: May 5, 2020 | /s/ Curtis A. Morgan | ||||
Curtis A. Morgan | |||||
President and Chief Executive Officer | |||||
(Principal Executive Officer) |
Date: May 5, 2020 | /s/ David A. Campbell | ||||
David A. Campbell | |||||
Executive Vice President and Chief Financial Officer | |||||
(Principal Financial Officer) |
Date: May 5, 2020 | /s/ Curtis A. Morgan | ||||
Curtis A. Morgan | |||||
President and Chief Executive Officer | |||||
(Principal Executive Officer) |
Date: May 5, 2020 | /s/ David A. Campbell | ||||
David A. Campbell | |||||
Executive Vice President and Chief Financial Officer | |||||
(Principal Financial Officer) |
Mine (a) | Section 104 S and S Citations (b) | Section 104(b) Orders | Section 104(d) Citations and Orders | Section 110(b)(2) Violations | Section 107(a) Orders | Total Dollar Value of MSHA Assessments Proposed (c) | Total Number of Mining Related Fatalities | Received Notice of Pattern of Violations Under Section 104(e) | Received Notice of Potential to Have Pattern Under Section 104(e) | Legal Actions Pending at Last Day of Period (d) | Legal Actions Initiated During Period | Legal Actions Resolved During Period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Beckville | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Big Brown | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bremond | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Kosse | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Leesburg | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liberty | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Oak Hill | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sulphur Springs | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tatum | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Oaks | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Winfield North | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Winfield South | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Northeastern Power Cogeneration Facility | — | — | — | — | — | — | — | — | — | — | — | — |
Retirement of Generation Facilities (Notes) |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Retirement of Generation Facilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retirement of generation facilities | RETIREMENT OF GENERATION FACILITIES MISO — In September 2019, we announced the settlement of a lawsuit alleging violations of opacity and particulate matter limits at our Edwards facility in Bartonville, Illinois. As part of the settlement, which was approved by the U.S. District Court for the Central District of Illinois in November 2019, we will retire the Edwards facility by the end of 2022 (see Note 12). In August 2019, we announced the planned retirement of four power plants in Illinois with a total installed nameplate generation capacity of 2,068 MW. We retired these units due to changes in the Illinois multi-pollutant standard rule (MPS rule) that require us to retire approximately 2,000 MW of generation capacity (see Note 12). In light of the provisions of the Federal Power Act and the FERC regulations thereunder, the affected subsidiaries of Vistra Energy identified the retired units by analyzing the economics of each of our Illinois plants and designating the least economic units for retirement. Expected plant retirement expenses of $47 million, driven by severance costs, were accrued in the three months ended September 30, 2019 and were included primarily in operating costs of our Asset Closure segment. In August 2019, we remeasured our pension and OPEB plans resulting in an increase to the benefit obligation liability of $21 million, pretax other comprehensive loss of $18 million and curtailment expense of $3 million recognized as other deductions in our condensed consolidated statements of operations. The following table details the units in Illinois totaling 2,653 MW, that have been or will be retired. Operational results for retired plants are included in the Asset Closure segment, which is engaged in the decommissioning and reclamation of retired plants and mines.
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Tax Receivable Agreement Obligation (Notes) |
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Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tax Receivables Agreement Obligation | TAX RECEIVABLE AGREEMENT OBLIGATION On the Effective Date, Vistra Energy entered into a tax receivable agreement (the TRA) with a transfer agent on behalf of certain former first-lien creditors of TCEH. The TRA generally provides for the payment by us to holders of TRA Rights of 85% of the amount of cash savings, if any, in U.S. federal and state income tax that we realize in periods after Emergence as a result of (a) certain transactions consummated pursuant to the Plan of Reorganization (including the step-up in tax basis in our assets resulting from the PrefCo Preferred Stock Sale), (b) the tax basis of all assets acquired in connection with the acquisition of two CCGT natural gas-fueled generation facilities in April 2016 and (c) tax benefits related to imputed interest deemed to be paid by us as a result of payments under the TRA, plus interest accruing from the due date of the applicable tax return. Pursuant to the TRA, we issued the TRA Rights for the benefit of the first-lien secured creditors of TCEH entitled to receive such TRA Rights under the Plan of Reorganization. Such TRA Rights are entitled to certain registration rights more fully described in the Registration Rights Agreement (see Note 16). During the three months ended March 31, 2020, we recorded a decrease to the carrying value of the TRA obligation totaling $9 million as a result of adjustments to forecasted taxable income, including the impacts of the CARES Act changes to Section 163(j) percentage limitation amount. During the three months ended March 31, 2019, we recorded a decrease to the carrying value of the TRA obligation totaling $19 million as a result of adjustments to forecasted taxable income and higher net operating losses acquired in the Merger. The following table summarizes the changes to the TRA obligation, reported as other current liabilities and Tax Receivable Agreement obligation in our condensed consolidated balance sheets, for the three months ended March 31, 2020 and 2019:
As of March 31, 2020, the estimated carrying value of the TRA obligation totaled $463 million, which represents the discounted amount of projected payments under the TRA. The projected payments are based on certain assumptions, including but not limited to (a) the federal corporate income tax rate of 21%, (b) estimates of our taxable income in the current and future years and (c) additional states that Vistra Energy now operates in, including the relevant tax rate and apportionment factor for each state. Our taxable income takes into consideration the current federal tax code, various relevant state tax laws and reflects our current estimates of future results of the business. These assumptions are subject to change, and those changes could have a material impact on the carrying value of the TRA obligation. As of March 31, 2020, the aggregate amount of undiscounted federal and state payments under the TRA is estimated to be approximately $1.4 billion, with more than half of such amount expected to be paid during the next 15 years, and the final payment expected to be made around the year 2056 (if the TRA is not terminated earlier pursuant to its terms). The carrying value of the obligation is being accreted to the amount of the gross expected obligation using the effective interest method. Changes in the amount of this obligation resulting from changes to either the timing or amount of TRA payments are recognized in the period of change and measured using the discount rate inherent in the initial fair value of the obligation.
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Commitments and Contingencies (Notes) |
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Commitments and Contingencies Disclosure [Abstract] | |
Commitments And Contingencies | COMMITMENTS AND CONTINGENCIES Guarantees We have entered into contracts that contain guarantees to unaffiliated parties that could require performance or payment under certain conditions. As of March 31, 2020, there are no material outstanding claims related to our guarantee obligations, and we do not anticipate we will be required to make any material payments under these guarantees in the near term. Letters of Credit At March 31, 2020, we had outstanding letters of credit totaling $1.415 billion as follows: •$1.058 billion to support commodity risk management collateral requirements in the normal course of business, including over-the-counter and exchange-traded transactions and collateral postings with ISOs or RTOs; •$170 million to support battery and solar development projects; •$45 million to support executory contracts and insurance agreements; •$81 million to support our REP financial requirements with the PUCT, and •$61 million for other credit support requirements. Surety Bonds At March 31, 2020, we had outstanding surety bonds totaling $64 million to support performance under various contracts and legal obligations in the normal course of business. Litigation and Regulatory Proceedings Our material legal proceedings and regulatory proceedings affecting our business are described below. We believe that we have valid defenses to the legal proceedings described below and intend to defend them vigorously. We also intend to participate in the regulatory processes described below. We record reserves for estimated losses related to these matters when information available indicates that a loss is probable and the amount of the loss, or range of loss, can be reasonably estimated. As applicable, we have established an adequate reserve for the matters discussed below. In addition, legal costs are expensed as incurred. Management has assessed each of the following legal matters based on current information and made a judgment concerning its potential outcome, considering the nature of the claim, the amount and nature of damages sought, and the probability of success. Unless specified below, we are unable to predict the outcome of these matters or reasonably estimate the scope or amount of any associated costs and potential liabilities, but they could have a material impact on our results of operations, liquidity, or financial condition. As additional information becomes available, we adjust our assessment and estimates of such contingencies accordingly. Because litigation and rulemaking proceedings are subject to inherent uncertainties and unfavorable rulings or developments, it is possible that the ultimate resolution of these matters could be at amounts that are different from our currently recorded reserves and that such differences could be material. Gas Index Pricing Litigation — We, through our subsidiaries, and other energy companies are named as defendants in several lawsuits claiming damages resulting from alleged price manipulation through false reporting of natural gas prices to various index publications, wash trading and churn trading from 2000-2002. The plaintiffs in these cases allege that the defendants engaged in an antitrust conspiracy to inflate natural gas prices during the relevant time period and seek damages under the respective state antitrust statutes. We remain as defendants in two consolidated putative class actions (Wisconsin) and one individual action (Kansas) both pending in federal court in those states. Wood River Rail Dispute — In November 2017, Dynegy Midwest Generation, LLC (DMG) received notification that BNSF Railway Company and Norfolk Southern Railway Company were initiating dispute resolution related to DMG's suspension of its Wood River Rail Transportation Agreement with the railroads. Settlement discussions required under the dispute resolution process have been unsuccessful. In March 2018, BNSF Railway Company (BNSF) and Norfolk Southern Railway Company (NS) filed a demand for arbitration and an arbitration hearing is currently scheduled for November 2020. Coffeen and Duck Creek Rail Disputes — In April 2020, IPH, LLC (IPH) received notification that BNSF and NS were initiating dispute resolution related to IPH's suspension of its Coffeen Rail Transportation Agreement with the railroads, and Illinois Power Resources Generating, LLC (IPRG), received notification that BNSF was initiating dispute resolution related to IPRG's suspension of its Duck Creek Rail Transportation Agreement with BNSF. In November 2019, IPH and IPRG sent suspension notices to the railroads asserting that the MPS rule requirement to retire at least 2,000 megawatts of generation (see discussion below) was a change-in-law under the agreement that rendered continued operation of the plants no longer economically feasible. In addition, IPH and IPRG asserted that the MPS rule's retirement requirement also qualified as a force majeure event under the agreements excusing performance. ME2C Patent Dispute — In July 2019, Midwest Energy Emissions Corporation and MES Inc. (collectively, the plaintiffs) filed a patent infringement complaint in federal court in Delaware against numerous parties, including Vistra Energy and some of its subsidiaries (collectively, the Vistra defendants). The complaint alleges that the Vistra defendants infringed two patents owned by the plaintiffs by using specific processes for mercury control at certain coal-fueled plants. The complaint seeks injunctive relief and unspecified damages. In September 2019, the Vistra defendants filed a motion to dismiss that lawsuit and that remains pending. In addition, in April 2020, the Vistra defendants along with certain other defendants began implementing its defense strategy by filing an inter partes review before the U.S. Patent and Trademark Office challenging the validity of one of the patents at issue. Greenhouse Gas Emissions In August 2015, the EPA finalized rules to address greenhouse gas (GHG) emissions from electricity generation units, referred to as the Clean Power Plan, including rules for existing facilities that would establish state-specific emissions rate goals to reduce nationwide CO2 emissions. Various parties filed petitions for review in the U.S. Court of Appeals for the District of Columbia Circuit (D.C. Circuit Court). In July 2019, petitioners filed a joint motion to dismiss in light of the EPA's new rule that replaces the Clean Power Plan, the Affordable Clean Energy rule, discussed below. In September 2019, the D.C. Circuit Court granted petitioners' motion to dismiss and dismissed all of the petitions challenging the Clean Power Plan as moot. In July 2019, the EPA finalized a rule to repeal the Clean Power Plan, with new regulations addressing GHG emissions from existing coal-fueled electric generation units, referred to as the Affordable Clean Energy (ACE) rule. The ACE rule develops emission guidelines that states must use when developing plans to regulate GHG emissions from existing coal-fueled electric generating units. States must submit their plans for regulating GHG emissions from existing facilities by July 2022. States where we operate coal plants (Texas, Illinois and Ohio) have begun the development of their state plans to comply with the rule. Environmental groups and certain states filed petitions for review of the ACE rule and the repeal of the Clean Power Plan in the D.C. Circuit Court. Additionally, in December 2018, the EPA issued proposed revisions to the emission standards for new, modified and reconstructed units. Vistra Energy submitted comments on that proposed rulemaking. Regional Haze — Reasonable Progress and Best Available Retrofit Technology (BART) for Texas In January 2016, the EPA issued a final rule approving in part and disapproving in part Texas's 2009 State Implementation Plan (SIP) as it relates to the reasonable progress component of the Regional Haze program and issuing a Federal Implementation Plan (FIP). The EPA's emission limits in the FIP assume additional control equipment for specific lignite/coal-fueled generation units across Texas, including new flue gas desulfurization systems (scrubbers) at seven electricity generation units (including Big Brown Units 1 and 2, Monticello Units 1 and 2 and Coleto Creek) and upgrades to existing scrubbers at seven generation units (including Martin Lake Units 1, 2 and 3, Monticello Unit 3 and Sandow Unit 4). In March 2016, various parties (including Luminant and the State of Texas) filed petitions for review in the U.S. Court of Appeals for the Fifth Circuit (Fifth Circuit Court) challenging the FIP's Texas requirements. In July 2016, the Fifth Circuit Court granted motions to stay the rule pending final review of the petitions for review. In March 2017, the Fifth Circuit Court granted a motion by the EPA to remand the rule back to the EPA for reconsideration. The stay of the rule (and the emission control requirements) remains in effect. The retirements of our Monticello, Big Brown and Sandow 4 plants should have a favorable impact on this rulemaking and litigation since these plants constitute a large portion of the plants that the rule seeks to regulate. Further, we believe that these retirements and the BART rule (see discussion below) obviates the need for any additional limits on our remaining Texas plants to address the requirements in the regional haze rule. In September 2017, the EPA signed a final rule addressing BART for Texas electricity generation units, with the rule serving as a partial approval of Texas's 2009 SIP and a partial FIP. For SO2, the rule established an intrastate Texas emission allowance trading program as a "BART alternative" that operates in a similar fashion to a CSAPR trading program. The program includes 39 generating units (including our Martin Lake, Big Brown, Monticello, Sandow 4, Coleto Creek, Stryker 2 and Graham 2 plants). The compliance obligations in the program started on January 1, 2019. The retirements of our Monticello, Big Brown and Sandow 4 plants have enhanced our ability to comply with this BART rule for SO2. For NOX, the rule adopted the CSAPR's ozone program as BART and for particulate matter, the rule approved Texas's SIP that determines that no electricity generation units are subject to BART for particulate matter. Various parties filed a petition challenging the rule in the Fifth Circuit Court as well as a petition for reconsideration filed with the EPA. Luminant intervened on behalf of the EPA in the Fifth Circuit Court action. In March 2018, the Fifth Circuit Court abated its proceedings pending conclusion of the EPA's reconsideration process. In August 2018, the EPA issued a proposal to affirm the prior BART final rule and sought comments on that proposal, which were due in October 2018. We submitted comments supporting the EPA's proposal to affirm the BART final rule. In November 2019, the EPA proposed additional revisions to the BART final rule, and we submitted comments on that proposal in January 2020. If the EPA adopts the rule as proposed in August 2018 or adopts the rule with the revisions proposed in November 2019, we expect that we would be able to comply with the BART rule. Affirmative Defenses During Malfunctions In May 2015, the EPA finalized a rule requiring 36 states, including Texas, Illinois and Ohio, to remove or replace either EPA-approved exemptions or affirmative defense provisions for excess emissions during upset events and unplanned maintenance and startup and shutdown events, referred to as the SIP Call. Various parties (including Luminant, the State of Texas and the State of Ohio) filed petitions for review of the EPA's final rule, and all of those petitions were consolidated in the D.C. Circuit Court. In April 2017, the D.C. Circuit Court ordered the case to be held in abeyance. In April 2019, the EPA Region 6 proposed a rule to withdraw the SIP Call with respect to the Texas affirmative defense provisions. We submitted comments on that proposed rulemaking in June 2019. In February 2020, the EPA issued the final rule withdrawing the Texas SIP Call. In April 2020, a group of environmental petitioners, including the Sierra Club, filed a petition in the D.C. Circuit Court challenging the EPA's action. Illinois Multi-Pollutant Standards (MPS) In August 2019, changes proposed by the Illinois Pollution Control Board to the MPS rule, which places NOx, SO2 and mercury emissions limits on our coal plants located in MISO went into effect. Under the revised MPS rule, our allowable SO2 and NOX emissions from the MISO fleet are 48% and 42% lower, respectively, than prior to the rule changes. The revised MPS rule requires the continuous operation of existing selective catalytic reduction (SCR) control systems during the ozone season, requires SCR-controlled units to meet an ozone season NOX emission rate limit, and set an additional, site-specific annual SO2 limit for our Joppa Power Station. Additionally, in 2019, the Company retired its Havana, Hennepin, Coffeen and Duck Creek plants in order to comply with the MPS rule's requirement to retire at least 2,000 MW of our generation in MISO. See Note 4 for information regarding the retirement of these four plants. SO2 Designations for Texas In November 2016, the EPA finalized its nonattainment designations for counties surrounding our Big Brown, Monticello and Martin Lake generation plants. The final designations require Texas to develop nonattainment plans for these areas. In February 2017, the State of Texas and Luminant filed challenges to the nonattainment designations in the Fifth Circuit Court. Subsequently, in October 2017, the Fifth Circuit Court granted the EPA's motion to hold the case in abeyance considering the EPA's representation that it intended to revisit the nonattainment rule. In December 2017, the TCEQ submitted a petition for reconsideration to the EPA. In August 2019, the EPA issued a proposed Error Correction Rule for all three areas, which, if finalized, would revise its previous nonattainment designations and each area at issue would be designated unclassifiable. In September 2019, we submitted comments in support of the proposed Error Correction Rule. Effluent Limitation Guidelines (ELGs) In November 2015, the EPA revised the ELGs for steam electricity generation facilities, which will impose more stringent standards (as individual permits are renewed) for wastewater streams, such as flue gas desulfurization (FGD), fly ash, bottom ash and flue gas mercury control wastewaters. Various parties filed petitions for review of the ELG rule, and the petitions were consolidated in the Fifth Circuit Court. In April 2017, the EPA granted petitions requesting reconsideration of the ELG rule and administratively stayed the rule's compliance date deadlines. In August 2017, the EPA announced that its reconsideration of the ELG rule would be limited to a review of the effluent limitations applicable to FGD and bottom ash wastewaters and the agency subsequently postponed the earliest compliance dates in the ELG rule for the application of effluent limitations for FGD and bottom ash wastewaters from November 1, 2018 to November 1, 2020. Based on these administrative developments, the Fifth Circuit Court agreed to sever and hold in abeyance challenges to effluent limitations. The remainder of the case proceeded, and in April 2019 the Fifth Circuit Court vacated and remanded portions of the EPA's ELG rule pertaining to effluent limitations for legacy wastewater and leachate. In November 2019, the EPA issued a proposal that would extend the compliance deadline for FGD wastewater to no later than December 31, 2025 and maintains the December 31, 2023 compliance date for bottom ash transport water. The proposal also creates new sub-categories of facilities with more flexible FGD compliance options, including a retirement exemption to 2028 and a low utilization boiler exemption. The proposed rule also modified some of the FGD final effluent limitations. We filed comments on the proposal in January 2020. Given the EPA's decision to reconsider the FGD and bottom ash wastewater provisions of the ELG rule, the rule postponing the ELG rule's earliest compliance dates for those provisions, the uncertainty stemming from the vacatur of the effluent limitations for legacy wastewater and leachate, and the intertwined relationship of the ELG rule with the Coal Combustion Residuals rule discussed below, which is also being reconsidered by the EPA, as well as pending legal challenges concerning both rules, substantial uncertainty exists regarding our projected capital expenditures for ELG compliance, including the timing of such expenditures. CAA Matters Zimmer NOVs — In December 2014, the EPA issued a notice of violation (NOV) alleging violation of opacity standards at the Zimmer facility. The EPA previously had issued NOVs to Zimmer in 2008 and 2010 alleging violations of the CAA, the Ohio State Implementation Plan and the station's air permits including standards applicable to opacity, sulfur dioxide, sulfuric acid mist and heat input. In January 2020, the U.S. Department of Justice filed a complaint and proposed consent decree agreed to by Dynegy Zimmer, LLC in the U.S. District Court for the Southern District of Ohio that would resolve claims alleged in the 2008, 2010 and 2014 NOVs. We expect the consent decree will be effective in the second quarter of 2020. We believe the consent decree will not have a material impact on our results of operations, liquidity or financial condition. Coal Combustion Residuals (CCR)/Groundwater In July 2018, the EPA published a final rule, which became effective in August 2018, that amends certain provisions of the CCR rule that the agency issued in 2015. Among other changes, the 2018 revisions extend closure deadlines to October 31, 2020, related to the aquifer location restriction and groundwater monitoring requirements. Also, in August 2018, the D.C. Circuit Court issued a decision that vacates and remands certain provisions of the 2015 CCR rule, including an applicability exemption for legacy impoundments. The EPA is expected to undertake further revisions to its CCR regulations in response to the D.C. Circuit Court's ruling. In October 2018, the rule that extends certain closure deadlines to 2020 was challenged in the D.C. Circuit Court. In March 2019, the D.C. Circuit Court granted the EPA's request for remand without vacatur. In December 2019, the EPA issued a proposed rule that would revise the closure deadlines for unlined CCR impoundments from October 31, 2020 to August 31, 2020 and establish new procedures for seeking extensions of that revised closure deadline. One of the new proposed extension procedures would require the generation plant electing this option to notify the EPA by May 2020 that it will retire by either 2023 or 2028 depending on the size of the impoundment at issue. If the rule is finalized as proposed, we may decide to avail ourselves of this compliance mechanism for some of our facilities. We filed comments on the proposal in January 2020. MISO — In 2012, the Illinois Environmental Protection Agency (IEPA) issued violation notices alleging violations of groundwater standards onsite at our Baldwin and Vermilion facilities' CCR surface impoundments. These violation notices remain unresolved; however, in 2016, the IEPA approved our closure and post-closure care plans for the Baldwin old east, east, and west fly ash CCR surface impoundments. We are working towards implementation of those closure plans. At our retired Vermilion facility, which was not subject to the EPA's 2015 CCR rule until the aforementioned D.C. Circuit Court decision in August 2018, we submitted proposed corrective action plans involving closure of two CCR surface impoundments (i.e., the old east and the north impoundments) to the IEPA in 2012, and we submitted revised plans in 2014. In May 2017, in response to a request from the IEPA for additional information regarding the closure of these Vermilion surface impoundments, we agreed to perform additional groundwater sampling and closure options and riverbank stabilizing options. In May 2018, Prairie Rivers Network filed a citizen suit in federal court in Illinois against DMG, alleging violations of the Clean Water Act for alleged unauthorized discharges. In August 2018, we filed a motion to dismiss the lawsuit. In November 2018, the district court granted our motion to dismiss and judgment was entered in our favor. Plaintiffs have appealed the judgment to the U.S. Court of Appeals for the Seventh Circuit. That appeal is now stayed. In April 2019, PRN also filed a complaint against DMG before the IPCB, alleging that groundwater flows allegedly associated with the ash impoundments at the Vermilion site have resulted in exceedances both of surface water standards and Illinois groundwater standards dating back to 1992. This matter is in the very early stages. In 2012, the IEPA issued violation notices alleging violations of groundwater standards at the Newton and Coffeen facilities' CCR surface impoundments. We are addressing these CCR surface impoundments in accordance with the federal CCR rule. In June 2018, the IEPA issued a violation notice for alleged seep discharges claimed to be coming from the surface impoundments at our retired Vermilion facility and that notice has since been referred to the Illinois Attorney General. In December 2018, the Sierra Club filed a complaint with the IPCB alleging the disposal and storage of coal ash at the Coffeen, Edwards and Joppa generation facilities are causing exceedances of the applicable groundwater standards. In July 2019, coal ash disposal and storage legislation in Illinois was enacted. The legislation addresses state requirements for the proper closure of coal ash ponds in the state of Illinois. The law tasks the IEPA and the IPCB to set up a series of guidelines, rules and permit requirements for closure of ash ponds. In March 2020, IEPA issued its proposed rule and we expect the rulemaking process should be completed by early 2021. Under the proposed rule, coal ash impoundment owners would be required to submit a closure alternative analysis to the IEPA for the selection of the best method for coal ash remediation at a particular site. The proposed rule does not mandate closure by removal at any site. For all of the above matters, if certain corrective action measures, including groundwater treatment or removal of ash, are required at any of our coal-fueled facilities, we may incur significant costs that could have a material adverse effect on our financial condition, results of operations and cash flows. Until the revisions to the EPA's CCR rule and the Illinois coal ash rulemaking are finalized and we undertake further site specific evaluations required by each program we will not know the full range of costs of groundwater remediation, if any, that ultimately may be required under those rules. However, the currently anticipated CCR surface impoundment and landfill closure costs, as contained in our AROs, reflect the costs of closure methods that our operations and environmental services teams believe are appropriate and protective of the environment for each location. MISO 2015-2016 Planning Resource Auction In May 2015, three complaints were filed at FERC regarding the Zone 4 results for the 2015-2016 planning resource auction (PRA) conducted by MISO. Dynegy is a named party in one of the complaints. The complainants, Public Citizen, Inc., the Illinois Attorney General and Southwestern Electric Cooperative, Inc. (Complainants), challenged the results of the PRA as unjust and unreasonable, requested rate relief/refunds, and requested changes to the MISO planning resource auction structure going forward. Complainants also alleged that Dynegy may have engaged in economic or physical withholding in Zone 4 constituting market manipulation in the PRA. The Independent Market Monitor for MISO (MISO IMM), which was responsible for monitoring the PRA, determined that all offers were competitive and that no physical or economic withholding occurred. The MISO IMM also stated, in a filing responding to the complaints, that there is no basis for the remedies sought by the Complainants. We filed our answer to these complaints explaining that we complied fully with the terms of the MISO tariff in connection with the PRA and disputing the allegations. The Illinois Industrial Energy Consumers filed a related complaint at FERC against MISO in June 2015 requesting prospective changes to the MISO tariff. Dynegy also responded to this complaint with respect to Dynegy's conduct alleged in the complaint. In October 2015, FERC issued an order of nonpublic, formal investigation (the investigation) into whether market manipulation or other potential violations of FERC orders, rules and regulations occurred before or during the PRA. In December 2015, FERC issued an order on the complaints requiring a number of prospective changes to the MISO tariff provisions effective as of the 2016-2017 planning resource auction. The order did not address the arguments of the Complainants regarding the PRA and stated that those issues remained under consideration and would be addressed in a future order. In July 2019, FERC issued an order denying the remaining issues raised by the complaints and noted that the investigation into Dynegy was closed. FERC found that Dynegy's conduct did not constitute market manipulation and the results of the PRA were just and reasonable because the PRA was conducted in accordance with MISO's tariff. With the issuance of the order, this matter has been resolved in Dynegy's favor. The request for rehearing was denied by FERC in March 2020 and remains subject to appeal. Other Matters We are involved in various legal and administrative proceedings in the normal course of business, the ultimate resolutions of which, in the opinion of management, are not anticipated to have a material effect on our results of operations, liquidity or financial condition.
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Segment Information (Tables) |
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Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of segment reporting information, by segment |
___________ (a)The following unrealized net gains (losses) from mark-to-market valuations of commodity positions are included in operating revenues:
____________ (1)Amounts offset in fuel, purchased power costs and delivery fees in the Retail segment, with no impact to consolidated results. (b)Other includes CAISO operations. Income tax expense is not reflected in net income of the segments but is reflected entirely in Corporate and Other net income.
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Long-Term Debt (Tables) |
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of long-term debt instruments | Amounts in the table below represent the categories of long-term debt obligations incurred by the Company.
____________ (a)Obligation related to a corporate office space finance lease. This obligation will be funded by amounts held in an escrow account that is reflected in other noncurrent assets in our condensed consolidated balance sheets. (b)Includes impact of recording debt assumed in the Merger at fair value.
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Schedule of line of credit facilities | The Vistra Operations Credit Facilities and related available capacity at March 31, 2020 are presented below.
___________ (a)Facility to be used for general corporate purposes. Facility includes a $2.35 billion letter of credit sub-facility, of which $908 million of letters of credit were outstanding at March 31, 2020 and which reduce our available capacity. Cash borrowings under the Revolving Credit Facility are reported in short-term borrowings in our condensed consolidated balance sheets.
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Schedule of interest rate derivatives | Interest Rate Swaps — Vistra Energy employs interest rate swaps to hedge our exposure to variable rate debt. As of March 31, 2020, Vistra Energy has entered into the following series of interest rate swap transactions.
____________ (a)Effective from July 2023 through July 2026.
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Schedule of maturities of long-term debt | Long-term debt maturities at March 31, 2020 are as follows:
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Income Taxes (Calculation of Effective Tax Rate) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2020 |
Mar. 31, 2019 |
|
Effective Income Tax Rate Reconciliation, Amount [Abstract] | ||
Income before income taxes | $ 62 | $ 301 |
Income tax expense | $ (17) | $ (77) |
Effective tax rate | 27.40% | 25.60% |
Effective tax rate at federal statutory rate | 21.00% | 21.00% |
Tax Receivable Agreement Obligation (Summary of Tax Receivable Agreement Obligation) (Details) - USD ($) $ in Millions |
3 Months Ended | ||
---|---|---|---|
Mar. 31, 2020 |
Mar. 31, 2019 |
Dec. 31, 2019 |
|
Income Tax Disclosure [Abstract] | |||
TRA obligation at the beginning of the period | $ 455 | $ 420 | |
Accretion expense | 17 | 16 | |
Changes in tax assumptions impacting timing of payments | (9) | (19) | |
Impacts of Tax Receivable Agreement | 8 | (3) | |
TRA obligation at the end of the period | $ 463 | $ 417 | $ 455 |
Condensed Statements Of Consolidated Comprehensive Income (Loss) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2020 |
Mar. 31, 2019 |
|
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 45 | $ 224 |
Other comprehensive income, net of tax effects: | ||
Effects related to pension and other retirement benefit obligations (net of tax benefit of $7 and $—) | (23) | 1 |
Total other comprehensive income (loss) | (23) | 1 |
Comprehensive income | 22 | 225 |
Comprehensive loss attributable to noncontrolling interest | 11 | 1 |
Comprehensive income attributable to Vistra Energy | $ 33 | $ 226 |
Related Party Transactions (Narrrative) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2020 |
Mar. 31, 2019 |
|
Maximum | ||
Related Party Transaction [Line Items] | ||
Registration Rights Agreement, Demand Registration, Number Of Days To File S-1 Registration Statement | 45 days | |
Registration Rights Agreement, Demand Registration, Number Of Days To File S-3 Registration Statement | 30 days | |
Registration Rights Agreement, Demand Registration, Number Of Days Between Initial Registration And Effective Date | 120 days | |
Legal Expenses Paid On Behalf of Selling Stockholders [Member] | ||
Related Party Transaction [Line Items] | ||
Legal fees | $ 0 | $ 0 |
Business And Significant Accounting Policies |
3 Months Ended |
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Mar. 31, 2020 | |
Accounting Policies [Abstract] | |
Business And Significant Accounting Policies | BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES Description of Business References in this report to "we," "our," "us" and "the Company" are to Vistra Energy and/or its subsidiaries, as apparent in the context. See Glossary for defined terms. Vistra Energy is a holding company operating an integrated retail and generation business primarily in markets throughout the U.S. Through our subsidiaries, we are engaged in competitive energy market activities including power generation, wholesale energy sales and purchases, commodity risk management and retail sales of electricity and natural gas to end users. Vistra Energy has six reportable segments: (i) Retail, (ii) ERCOT, (iii) PJM, (iv) NY/NE (comprising NYISO and ISO-NE), (v) MISO and (vi) Asset Closure. See Note 17 for further information concerning reportable business segments. Ambit Transaction On November 1, 2019, an indirect, wholly owned subsidiary of Vistra Energy completed the acquisition of Ambit (Ambit Transaction). Because the Ambit Transaction closed on November 1, 2019, Vistra Energy's condensed consolidated financial statements and the notes related thereto do not include the financial condition or the operating results of Ambit and its subsidiaries prior to November 1, 2019. See Note 2 for a summary of the Ambit Transaction. Crius Transaction On July 15, 2019, an indirect, wholly owned subsidiary of Vistra Energy completed the acquisition of the equity interests of two wholly owned subsidiaries of Crius that indirectly owned the operating business of Crius (Crius Transaction). Because the Crius Transaction closed on July 15, 2019, Vistra Energy's condensed consolidated financial statements and the notes related thereto do not include the financial condition or the operating results of Crius and its subsidiaries prior to July 15, 2019. See Note 2 for a summary of the Crius Transaction. COVID-19 Pandemic In March 2020, the World Health Organization categorized the novel coronavirus (COVID-19) as a pandemic, and the President of the United States (the President) declared the COVID-19 outbreak a national emergency. The U.S. government has deemed electricity generation, transmission and distribution as “critical infrastructure” providing essential services during this global emergency. As a provider of critical infrastructure, Vistra Energy has an obligation to provide critically needed power to homes, businesses, hospitals and other customers. Vistra Energy remains focused on protecting the health and well-being of its employees and the communities in which it operates while assuring the continuity of its business operations. The Company's condensed consolidated financial statements reflect estimates and assumptions made by management that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and reported amounts of revenue and expenses during the reporting periods presented. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the Company's first quarter 2020 results of operations. In response to the global pandemic related to COVID-19, the President signed into law the CARES Act on March 27, 2020. See Note 7 for a summary of certain anticipated tax-related impacts of the CARES Act to the Company. Basis of Presentation The condensed consolidated financial statements have been prepared in accordance with U.S. GAAP and on the same basis as the audited financial statements included in our 2019 Form 10-K. The condensed consolidated financial information herein reflects all adjustments which are, in the opinion of management, necessary to fairly state the results for the interim periods presented. All such adjustments are of a normal nature. All intercompany items and transactions have been eliminated in consolidation. Certain information and footnote disclosures normally included in annual consolidated financial statements prepared in accordance with U.S. GAAP have been omitted pursuant to the rules and regulations of the SEC. Because the condensed consolidated interim financial statements do not include all of the information and footnotes required by U.S. GAAP, they should be read in conjunction with the audited financial statements and related notes contained in our 2019 Form 10-K. The results of operations for an interim period may not give a true indication of results for a full year. All dollar amounts in the financial statements and tables in the notes are stated in millions of U.S. dollars unless otherwise indicated. Use of Estimates Preparation of financial statements requires estimates and assumptions about future events that affect the reporting of assets and liabilities at the balance sheet dates and the reported amounts of revenue and expense, including fair value measurements, estimates of expected obligations, judgments related to the potential timing of events and other estimates. In the event estimates and/or assumptions prove to be different from actual amounts, adjustments are made in subsequent periods to reflect more current information. Adoption of Accounting Standards In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2019-12, Simplifying the Accounting for Income Taxes (Topic 740). The ASU enhances and simplifies various aspects of the income tax accounting guidance including the elimination of certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The new guidance also simplifies aspects of the accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. We adopted all provisions of this ASU in the first quarter of 2020, and it did not have a material impact on our financial statements. In August 2018, the FASB issued ASU 2018-13, Changes to the Disclosure Requirements for Fair Value Measurement. The ASU removes disclosure requirements for (a) the reasons for transfers between Level 1 and Level 2, (b) the policy for timing of transfers between levels and (c) the valuation processes for Level 3. The ASU requires new disclosures around (a) the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period and (b) the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. We adopted this ASU in the first quarter of 2020, and the updated disclosures are included in Note 14. In August 2018, the FASB issued ASU 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract. The ASU requires a customer in a cloud hosting arrangement that is a service contract to determine which implementation costs to capitalize and which costs to expense based on the project stage of the implementation. The ASU also requires the customer to expense the capitalized implementation costs over the term of the hosting arrangement. The customer is required to apply the existing impairment and abandonment guidance on the capitalized implementation costs. We adopted this ASU in the first quarter of 2020, and it did not have a material impact on our financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses. The ASU requires organizations to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. We adopted this ASU in the first quarter of 2020, and it did not have a material impact on our financial statements. Changes in Accounting Standards In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The ASU provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another rate that is expected to be discontinued. The amendments in the ASU are effective for all entities as of March 12, 2020 through December 31, 2022. The adoption of this guidance did not have a material impact on our financial statements.
|
Supplementary Financial Information (Restricted Cash) (Details) - USD ($) $ in Millions |
Mar. 31, 2020 |
Dec. 31, 2019 |
---|---|---|
Restricted cash included in current assets | $ 50 | $ 147 |
Restricted cash included in noncurrent assets | 28 | 28 |
Amounts related to remediation escrow accounts | ||
Restricted cash included in current assets | 21 | 15 |
Restricted cash included in noncurrent assets | 28 | 28 |
Amounts related to restructuring escrow accounts | ||
Restricted cash included in current assets | 4 | 43 |
Restricted cash included in noncurrent assets | 0 | 0 |
Amounts related to Ambit customer deposits | ||
Restricted cash included in current assets | 19 | 19 |
Restricted cash included in noncurrent assets | 0 | 0 |
Amounts related to Ambit commodity trading agreement | ||
Restricted cash included in current assets | 0 | 62 |
Restricted cash included in noncurrent assets | 0 | 0 |
Amounts related to Ambit letters of credit | ||
Restricted cash included in current assets | 6 | 8 |
Restricted cash included in noncurrent assets | $ 0 | $ 0 |
Supplementary Financial Information (Components of Net Benefit Cost) (Details) - USD ($) $ in Millions |
3 Months Ended | |
---|---|---|
Mar. 31, 2020 |
Mar. 31, 2019 |
|
Pension Plan [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | $ 2 | $ 2 |
Other costs | 1 | 0 |
Net periodic benefit cost | 3 | 2 |
Other Postretirement Benefits Plan [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Service cost | 0 | 0 |
Other costs | 2 | 2 |
Net periodic benefit cost | $ 2 | $ 2 |
Revenue (Accounts Receivable) (Details) - USD ($) $ in Millions |
Mar. 31, 2020 |
Dec. 31, 2019 |
---|---|---|
Trade accounts receivable — net | $ 1,097 | $ 1,365 |
Trade accounts receivable from contracts with customers [Member] | ||
Trade accounts receivable — net | 1,017 | 1,246 |
Other trade accounts receivables [Member] | ||
Trade accounts receivable — net | $ 80 | $ 119 |
Acquisition and Development of Generation Facilities (Battery Energy Storage Projects) (Details) $ in Millions |
1 Months Ended | |||
---|---|---|---|---|
Jun. 30, 2018 |
Mar. 31, 2020
USD ($)
MW
|
Dec. 31, 2019
USD ($)
|
Jun. 30, 2019
MW
|
|
Construction work in progress | $ | $ 345 | $ 220 | ||
Vistra Energy Corp. [Member] | Oakland Power Plant (Battery Storage Project) [Member] | ||||
Electricity generation facility capacity | MW | 36.25 | 20 | ||
Vistra Energy Corp. [Member] | Moss Landing Power Plant (Battery Storage Project) [Member] | ||||
Electricity generation facility capacity | MW | 300 | |||
Proposed contract, duration, number of years | 20 | |||
Construction work in progress | $ | $ 165 |
Supplementary Financial Information (Supplemental Cash Flow Information) (Details) - USD ($) $ in Millions |
3 Months Ended | |||
---|---|---|---|---|
Mar. 31, 2020 |
Mar. 31, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
|
Supplementary Financial Information [Abstract] | ||||
Cash and cash equivalents | $ 717 | $ 300 | ||
Restricted cash included in current assets | 50 | 147 | ||
Restricted cash included in noncurrent assets | 28 | 28 | ||
Total cash, cash equivalents and restricted cash | 795 | $ 588 | $ 475 | $ 693 |
Cash payments related to: | ||||
Interest paid | 208 | 139 | ||
Capitalized interest | (3) | (3) | ||
Interest paid (net of capitalized interest) | 205 | 136 | ||
Income taxes paid (refunds received) | (36) | (17) | ||
Income taxes paid, state | 1 | 4 | ||
Income tax refunds, federal | 37 | 21 | ||
Noncash investing and financing activities: | ||||
Construction expenditures | 20 | 45 | ||
Disposition of investment in NELP | 123 | 0 | ||
Acquisition of investment in North Jersey Energy Associates | $ 90 | $ 0 |
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