Vistra Energy benefiting from volatility, strong ERCOT forwards: CEO

摘要

As Vistra Energy and Dynegy shareholders prepare to vote Friday on their proposed $1.74 billion all-stock merger, Vistra has been benefiting from power price volatility and strong forwards in the Electric Reliability Council of Texas, Vistra's CEO said Monday. During a conference call to discuss fourth-quarter earnings, Curt Morgan, Vistra's president and CEO, and Jim Burke, chief operating officer, noted that during 2017 Vistra received an average price of $33.39/MWh, compared with the ERCOT North Hub's average aroundthe- clock settled price of $23.22/MWh.