Vistra Energy affirms 2020 guidance despite pandemic’s demand destruction

摘要

Despite decreasing power demand and increasing bad debt expenserelated to the novel coronavirus pandemic, Vistra Energy affirmed itsfull-year EBITDA guidance for 2020, even as it reported a 75% decreasein earnings per share for the first quarter of 2020.During a first-quarter 2020 earnings conference call, Curt Morgan,Vistra Energy president and CEO, said power demand through mid-April was down due to the pandemic across all US markets in whichVistra Energy participates, ranging from as little as 4% in the ElectricReliability Council of Texas to as much as 11% in the MidcontinentIndependent System Operator.