XML 81 R69.htm IDEA: XBRL DOCUMENT v3.25.2
Debt, Credit Facilities and Financings - Narrative (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
USD ($)
May 31, 2024
USD ($)
Mar. 31, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Jul. 31, 2025
USD ($)
Jul. 02, 2025
USD ($)
May 31, 2025
USD ($)
May 20, 2025
USD ($)
Apr. 01, 2025
USD ($)
Jul. 31, 2024
USD ($)
Debt Instrument [Line Items]                            
Facility Limit $ 8,925,000     $ 8,925,000   $ 8,925,000                
Line of credit facility, borrowings outstanding 4,596,000     4,596,000   4,596,000                
Total long-term debt, including amounts due currently 15,770,000     15,770,000   15,770,000   $ 16,298,000            
Outstanding principal amount 15,770,000     15,770,000   15,770,000   16,298,000            
Accounts receivable financing 1,125,000     $ 1,125,000   1,125,000   750,000            
Accounts receivable repurchase facility, term                           1 month
Redeemable noncontrolling interest, payments 80,000                          
Redeemable noncontrolling interest, principal payment 41,000         41,000 $ 0              
Redeemable noncontrolling interest, interest payment $ 39,000                          
Vistra Vision                            
Debt Instrument [Line Items]                            
Forward repurchase obligation to be paid           $ 1,295,000   $ 1,335,000            
Vistra Vision | Measurement Input, Discount Rate                            
Debt Instrument [Line Items]                            
Noncontrolling interest, discount rate 0.06     0.06   0.06   0.06            
BCOP Credit Facility, Bridge Loans due November 1, 2025 / December 3, 2026                            
Debt Instrument [Line Items]                            
Facility Limit $ 576,000     $ 576,000   $ 576,000                
Line of credit facility, borrowings outstanding 576,000     576,000   576,000                
Alternate Letter Of Credit Facility | Letter of Credit                            
Debt Instrument [Line Items]                            
Facility Limit 500,000     500,000   500,000                
Letters of credit outstanding 500,000     500,000   500,000                
Line of credit facility, increase (decrease), net   $ 500,000                        
Accounts Receivable Securitization Program                            
Debt Instrument [Line Items]                            
Accounts receivable financing 1,000,000     1,000,000   1,000,000   $ 750,000            
Accounts receivable securitization program, gross trade accounts receivable held by special purpose subsidiary 1,624,000     1,624,000   1,624,000                
Accounts Receivable Securitization Program | Maximum                            
Debt Instrument [Line Items]                            
Account receivable securitization program, total borrowing capacity 1,000,000     1,000,000   1,000,000                
Accounts Receivable Securitization Program | Maximum | Subsequent Event                            
Debt Instrument [Line Items]                            
Account receivable securitization program, total borrowing capacity                 $ 1,100,000          
Repurchase Facility                            
Debt Instrument [Line Items]                            
Accounts receivable repurchase facility, maximum borrowing capacity                           $ 125,000
Accounts receivable repurchase facility, amounts borrowed 125,000     125,000   125,000   0            
Vistra Operations Company LLC | Vistra Corp.                            
Debt Instrument [Line Items]                            
Maximum allowable distribution to parent company by consolidated subsidiary without consent 10,300,000     10,300,000   10,300,000                
Dividends paid       500,000 $ 500,000 925,000 $ 990,000              
Line of Credit                            
Debt Instrument [Line Items]                            
Facility Limit 5,902,000     5,902,000   5,902,000                
Line of credit facility, borrowings outstanding 2,462,000     2,462,000   2,462,000                
Line of Credit | Revolving Credit Facility                            
Debt Instrument [Line Items]                            
Line of credit facility, borrowings outstanding $ 0     $ 0   $ 0                
Line of Credit | BCOP Credit Facility, Bridge Loans due November 1, 2025 / December 3, 2026 | Secured Debt                            
Debt Instrument [Line Items]                            
Debt, weighted average interest rate 5.935%     5.935%   5.935%                
Line of Credit | Construction/Term Loan Commitments | Secured Debt                            
Debt Instrument [Line Items]                            
Facility Limit               528,000            
Line of Credit | Vistra Zero Project-Level Credit Agreement | Secured Debt                            
Debt Instrument [Line Items]                            
Debt instrument, basis spread on variable rate           2.00%                
Debt, weighted average interest rate 6.33%     6.33%   6.33%                
Debt instrument, face amount     $ 700,000                      
Proceeds from lines of credit     $ 690,000                      
Line of Credit | Vistra Operations Company LLC                            
Debt Instrument [Line Items]                            
Facility Limit $ 5,902,000     $ 5,902,000   $ 5,902,000                
Collateral suspension provision effective date, grace period, number of days           60 days                
Debt instrument, interest rate during period           5.22% 5.56%              
Line of Credit | Vistra Operations Company LLC | Revolving Credit Facility                            
Debt Instrument [Line Items]                            
Facility Limit $ 3,440,000     $ 3,440,000   $ 3,440,000                
Debt instrument, basis spread on variable rate           1.725%                
Debt instrument, fee on undrawn amounts           0.270                
Debt instrument, interest rate, stated percentage 1.725%     1.725%   1.725%                
Line of Credit | Vistra Operations Company LLC | Revolving Credit Facility | Minimum                            
Debt Instrument [Line Items]                            
Debt instrument, basis spread on variable rate           1.25%                
Debt instrument, fee on undrawn amounts           0.175                
Line of Credit | Vistra Operations Company LLC | Revolving Credit Facility | Maximum                            
Debt Instrument [Line Items]                            
Debt instrument, basis spread on variable rate           2.00%                
Debt instrument, fee on undrawn amounts           0.350                
Line of Credit | Vistra Operations Company LLC | Term Loan B-3 Facility                            
Debt Instrument [Line Items]                            
Facility Limit $ 2,462,000     $ 2,462,000   $ 2,462,000                
Debt instrument, basis spread on variable rate           1.75%                
Line of credit facility, borrowings outstanding $ 2,462,000     $ 2,462,000   $ 2,462,000                
Line of credit facility, interest rate at period end 6.08%     6.08%   6.08%                
Debt instrument, periodic payment           $ 6,250                
Revolving Credit Facility | Vistra Operations Commodity-Linked Facility                            
Debt Instrument [Line Items]                            
Line of credit facility, borrowings outstanding $ 861,000     $ 861,000   861,000                
Revolving Credit Facility | Vistra Zero Term Loan B Facility                            
Debt Instrument [Line Items]                            
Facility Limit 697,000     697,000   697,000                
Line of credit facility, borrowings outstanding 697,000     697,000   697,000                
Revolving Credit Facility | Vistra Operations Company LLC | Vistra Operations Commodity-Linked Facility                            
Debt Instrument [Line Items]                            
Facility Limit 1,750,000     1,750,000   $ 1,750,000                
Debt instrument, basis spread on variable rate           1.725%                
Debt instrument, fee on undrawn amounts           0.270                
Line of credit facility, borrowing base capacity limit 861,000     861,000   $ 861,000                
Line of credit facility, borrowings outstanding, short-term $ 861,000     $ 861,000   $ 861,000                
Debt, weighted average interest rate 6.04%     6.04%   6.04%                
Revolving Credit Facility | Vistra Operations Company LLC | Vistra Operations Commodity-Linked Facility | Minimum                            
Debt Instrument [Line Items]                            
Debt instrument, basis spread on variable rate           1.25%                
Debt instrument, fee on undrawn amounts           0.175                
Revolving Credit Facility | Vistra Operations Company LLC | Vistra Operations Commodity-Linked Facility | Maximum                            
Debt Instrument [Line Items]                            
Debt instrument, basis spread on variable rate           2.00%                
Debt instrument, fee on undrawn amounts           0.350                
Line of credit facility, potential borrowing capacity, subject to ability to obtain additional commitments $ 3,000,000     $ 3,000,000   $ 3,000,000                
Bridge Loan                            
Debt Instrument [Line Items]                            
Debt instrument, interest rate, stated percentage 1.625%     1.625%   1.625%                
Bridge Loan | BCOP Credit Facility, Bridge Loans due November 1, 2025 / December 3, 2026                            
Debt Instrument [Line Items]                            
Facility Limit $ 367,000     $ 367,000   $ 367,000                
Line of credit facility, borrowings outstanding 367,000     367,000   367,000                
Total long-term debt, including amounts due currently 367,000     367,000   367,000   367,000            
Bridge Loan | BCOP Credit Facility, Bridge Loans due November 1, 2025 / December 3, 2026 | Oak Hill                            
Debt Instrument [Line Items]                            
Line of credit facility, borrowings outstanding 106,000     106,000   106,000                
Bridge Loan | BCOP Credit Facility, Bridge Loans due November 1, 2025 / December 3, 2026 | Pulaski                            
Debt Instrument [Line Items]                            
Line of credit facility, borrowings outstanding $ 261,000     $ 261,000   $ 261,000                
Letter of Credit                            
Debt Instrument [Line Items]                            
Debt instrument, interest rate, stated percentage 2.00%     2.00%   2.00%                
Letter of Credit | BCOP Credit Facility, Bridge Loans due November 1, 2025 / December 3, 2026                            
Debt Instrument [Line Items]                            
Letters of credit outstanding               29,000            
Letter of Credit | Baldwin Term Loan                            
Debt Instrument [Line Items]                            
Debt instrument, face amount                         $ 7,000  
Letter of Credit | Coffeen Term Loan                            
Debt Instrument [Line Items]                            
Debt instrument, face amount                         7,000  
Letter of Credit | Vistra Operations Company LLC | Secured Letter of Credit Facilities                            
Debt Instrument [Line Items]                            
Letters of credit outstanding $ 1,298,000     $ 1,298,000   $ 1,298,000                
Term Loan                            
Debt Instrument [Line Items]                            
Debt instrument, interest rate, stated percentage 2.00%     2.00%   2.00%                
Debt, weighted average interest rate 6.24%     6.24%   6.24%                
Term loan period (in years)           20 years                
Term Loan | BCOP Credit Facility, Bridge Loans due November 1, 2025 / December 3, 2026                            
Debt Instrument [Line Items]                            
Facility Limit $ 121,000     $ 121,000   $ 121,000                
Line of credit facility, borrowings outstanding 121,000     121,000   121,000                
Total long-term debt, including amounts due currently $ 121,000     $ 121,000   $ 121,000   0            
Term Loan | Baldwin Term Loan                            
Debt Instrument [Line Items]                            
Debt instrument, face amount                         75,000  
Term Loan | Coffeen Term Loan                            
Debt Instrument [Line Items]                            
Debt instrument, face amount                         $ 46,000  
Term Loan | Oak Hill                            
Debt Instrument [Line Items]                            
Debt instrument, face amount                       $ 88,000    
Term Loan | Pulaski | Subsequent Event                            
Debt Instrument [Line Items]                            
Debt instrument, face amount                 $ 168,000 $ 168,000        
Construction Loans                            
Debt Instrument [Line Items]                            
Debt instrument, interest rate, stated percentage 1.875%     1.875%   1.875%                
Construction Loans | BCOP Credit Facility, Bridge Loans due November 1, 2025 / December 3, 2026                            
Debt Instrument [Line Items]                            
Facility Limit $ 88,000     $ 88,000   $ 88,000                
Line of credit facility, borrowings outstanding 88,000     88,000   88,000                
Total long-term debt, including amounts due currently 88,000     88,000   88,000   0            
Vistra Operations Senior Secured Notes                            
Debt Instrument [Line Items]                            
Total long-term debt, including amounts due currently $ 4,400,000     $ 4,400,000   $ 4,400,000   5,144,000            
Vistra Operations Senior Secured Notes | 5.125% Senior Secured Notes, due May 13, 2025                            
Debt Instrument [Line Items]                            
Debt instrument, interest rate, stated percentage 5.125%     5.125%   5.125%         5.125%      
Total long-term debt, including amounts due currently $ 0     $ 0   $ 0   $ 744,000            
Outstanding principal amount                     $ 744,000      
Revenue Bonds                            
Debt Instrument [Line Items]                            
Debt instrument, face amount $ 431,000     $ 431,000   $ 431,000