☒ |
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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☐ |
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Delaware
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36-4833255 | |||||||||||||||||||||||||||||||
(State or other jurisdiction of incorporation or organization)
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(I.R.S. Employer Identification No.)
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|||||||||||||||||||||||||||||||
6555 Sierra Drive,
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Irving,
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Texas
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75039 | (214) | 812-4600 | |||||||||||||||||||||||||||
(Address of principal executive offices) (Zip Code)
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(Registrant's telephone number, including area code) |
Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||||||||
Common stock, par value $0.01 per share | VST | New York Stock Exchange | ||||||||||||
Warrants | VST.WS.A | New York Stock Exchange |
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
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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
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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)
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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
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Vistra Operations Credit Facilities |
Vistra Operations Company LLC's $5.318 billion senior secured financing facilities (see Note 11 to the Financial Statements).
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Three Months Ended March 31, | |||||||||||||||||||||||||||||
2020 | 2019 | ||||||||||||||||||||||||||||
Operating revenues (Note 5) | $ | 2,858 | $ | 2,923 | |||||||||||||||||||||||||
Fuel, purchased power costs and delivery fees | (1,333) | (1,461) | |||||||||||||||||||||||||||
Operating costs | (379) | (385) | |||||||||||||||||||||||||||
Depreciation and amortization | (419) | (405) | |||||||||||||||||||||||||||
Selling, general and administrative expenses | (252) | (182) | |||||||||||||||||||||||||||
Impairment of long-lived assets (Note 18) | (84) | — | |||||||||||||||||||||||||||
Operating income
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391 | 490 | |||||||||||||||||||||||||||
Other income (Note 18) | 7 | 25 | |||||||||||||||||||||||||||
Other deductions (Note 18) | (31) | (2) | |||||||||||||||||||||||||||
Interest expense and related charges (Note 18) | (300) | (222) | |||||||||||||||||||||||||||
Impacts of Tax Receivable Agreement (Note 8) | (8) | 3 | |||||||||||||||||||||||||||
Equity in earnings of unconsolidated investment | 3 | 7 | |||||||||||||||||||||||||||
Income before income taxes
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62 | 301 | |||||||||||||||||||||||||||
Income tax expense (Note 7) | (17) | (77) | |||||||||||||||||||||||||||
Net income
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$ | 45 | $ | 224 | |||||||||||||||||||||||||
Net loss attributable to noncontrolling interest | 11 | 1 | |||||||||||||||||||||||||||
Net income attributable to Vistra Energy | $ | 56 | $ | 225 | |||||||||||||||||||||||||
Weighted average shares of common stock outstanding: | |||||||||||||||||||||||||||||
Basic
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487,944,564 | 502,367,299 | |||||||||||||||||||||||||||
Diluted
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490,638,626 | 509,139,988 | |||||||||||||||||||||||||||
Net income per weighted average share of common stock outstanding: | |||||||||||||||||||||||||||||
Basic
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$ | 0.11 | $ | 0.45 | |||||||||||||||||||||||||
Diluted
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$ | 0.11 | $ | 0.44 |
Three Months Ended March 31, | |||||||||||||||||||||||||||||
2020 | 2019 | ||||||||||||||||||||||||||||
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 $—)
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(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 |
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 | $ | 45 | $ | 224 | ||||||||||||||||
Adjustments to reconcile net income to cash provided by operating activities: | ||||||||||||||||||||
Depreciation and amortization | 489 | 461 | ||||||||||||||||||
Deferred income tax expense, net | 13 | 70 | ||||||||||||||||||
Impairment of long-lived assets (Note 18) | 84 | — | ||||||||||||||||||
Loss on disposal of investment in NELP (Note 18) | 28 | — | ||||||||||||||||||
Unrealized net gain from mark-to-market valuations of commodities | (125) | (186) | ||||||||||||||||||
Unrealized net loss from mark-to-market valuations of interest rate swaps | 174 | 80 | ||||||||||||||||||
Asset retirement obligation accretion expense | 12 | 14 | ||||||||||||||||||
Impacts of Tax Receivable Agreement (Note 8) | 8 | (3) | ||||||||||||||||||
Stock-based compensation | 14 | 12 | ||||||||||||||||||
Other, net | 3 | (32) | ||||||||||||||||||
Changes in operating assets and liabilities: | ||||||||||||||||||||
Margin deposits, net | 99 | 34 | ||||||||||||||||||
Accrued interest | (77) | 15 | ||||||||||||||||||
Accrued taxes | (110) | (75) | ||||||||||||||||||
Accrued employee incentive | (90) | (90) | ||||||||||||||||||
Other operating assets and liabilities | (15) | (136) | ||||||||||||||||||
Cash provided by operating activities | 552 | 388 | ||||||||||||||||||
Cash flows — investing activities: | ||||||||||||||||||||
Capital expenditures, including nuclear fuel purchases and LTSA prepayments | (261) | (153) | ||||||||||||||||||
Proceeds from sales of nuclear decommissioning trust fund securities (Note 18) | 75 | 78 | ||||||||||||||||||
Investments in nuclear decommissioning trust fund securities (Note 18) | (80) | (83) | ||||||||||||||||||
Proceeds from sales of environmental allowances | 74 | — | ||||||||||||||||||
Purchases of environmental allowances | (106) | (1) | ||||||||||||||||||
Other, net | 14 | 10 | ||||||||||||||||||
Cash used in investing activities | (284) | (149) | ||||||||||||||||||
Cash flows — financing activities: | ||||||||||||||||||||
Issuances of long-term debt (Note 11) | — | 1,300 | ||||||||||||||||||
Repayments/repurchases of debt (Note 11) | (223) | (1,282) | ||||||||||||||||||
Net borrowings under accounts receivable securitization program (Note 10) | — | 11 | ||||||||||||||||||
Borrowings under Revolving Credit Facility (Note 11) | 425 | — | ||||||||||||||||||
Repayments under Revolving Credit Facility (Note 11) | (75) | — | ||||||||||||||||||
Stock repurchase (Note 13) | — | (248) | ||||||||||||||||||
Dividends paid to stockholders (Note 13) | (66) | (61) | ||||||||||||||||||
Debt tender offer and other financing fees (Note 11) | (5) | (64) | ||||||||||||||||||
Other, net | (4) | — | ||||||||||||||||||
Cash provided by (used in) financing activities | 52 | (344) | ||||||||||||||||||
Net change in cash, cash equivalents and restricted cash | 320 | (105) | ||||||||||||||||||
Cash, cash equivalents and restricted cash — beginning balance | 475 | 693 | ||||||||||||||||||
Cash, cash equivalents and restricted cash — ending balance | $ | 795 | $ | 588 |
VISTRA ENERGY CORP.
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Millions of Dollars) |
||||||||||||||||||||
March 31,
2020 |
December 31,
2019 |
|||||||||||||||||||
ASSETS | ||||||||||||||||||||
Current assets: | ||||||||||||||||||||
Cash and cash equivalents | $ | 717 | $ | 300 | ||||||||||||||||
Restricted cash (Note 18) | 50 | 147 | ||||||||||||||||||
Trade accounts receivable — net (Note 18) | 1,097 | 1,365 | ||||||||||||||||||
Inventories (Note 18) | 514 | 469 | ||||||||||||||||||
Commodity and other derivative contractual assets (Note 15) | 1,685 | 1,333 | ||||||||||||||||||
Margin deposits related to commodity contracts | 137 | 202 | ||||||||||||||||||
Prepaid expense and other current assets | 359 | 298 | ||||||||||||||||||
Total current assets | 4,559 | 4,114 | ||||||||||||||||||
Restricted cash (Note 18) | 28 | 28 | ||||||||||||||||||
Investments (Note 18) | 1,374 | 1,537 | ||||||||||||||||||
Investment in unconsolidated subsidiary (Note 18) | — | 124 | ||||||||||||||||||
Property, plant and equipment — net (Note 18) | 13,818 | 13,914 | ||||||||||||||||||
Operating lease right-of-use assets | 47 | 44 | ||||||||||||||||||
Goodwill (Note 6) | 2,608 | 2,553 | ||||||||||||||||||
Identifiable intangible assets — net (Note 6) | 2,578 | 2,748 | ||||||||||||||||||
Commodity and other derivative contractual assets (Note 15) | 269 | 136 | ||||||||||||||||||
Accumulated deferred income taxes | 1,058 | 1,066 | ||||||||||||||||||
Other noncurrent assets | 330 | 352 | ||||||||||||||||||
Total assets | $ | 26,669 | $ | 26,616 | ||||||||||||||||
LIABILITIES AND EQUITY | ||||||||||||||||||||
Current liabilities: | ||||||||||||||||||||
Short-term borrowings (Note 11) | $ | 700 | $ | 350 | ||||||||||||||||
Accounts receivable securitization program (Note 10) | 450 | 450 | ||||||||||||||||||
Long-term debt due currently (Note 11) | 169 | 277 | ||||||||||||||||||
Trade accounts payable | 804 | 947 | ||||||||||||||||||
Commodity and other derivative contractual liabilities (Note 15) | 1,753 | 1,529 | ||||||||||||||||||
Margin deposits related to commodity contracts | 31 | 8 | ||||||||||||||||||
Accrued income taxes | 6 | 1 | ||||||||||||||||||
Accrued taxes other than income | 86 | 200 | ||||||||||||||||||
Accrued interest | 73 | 151 | ||||||||||||||||||
Asset retirement obligations (Note 18) | 151 | 141 | ||||||||||||||||||
Operating lease liabilities | 10 | 14 | ||||||||||||||||||
Other current liabilities | 371 | 506 | ||||||||||||||||||
Total current liabilities | 4,604 | 4,574 | ||||||||||||||||||
Long-term debt, less amounts due currently (Note 11) | 9,969 | 10,102 | ||||||||||||||||||
Operating lease liabilities | 42 | 41 | ||||||||||||||||||
Commodity and other derivative contractual liabilities (Note 15) | 686 | 396 | ||||||||||||||||||
Accumulated deferred income taxes | 2 | 2 | ||||||||||||||||||
Tax Receivable Agreement obligation (Note 8) | 463 | 455 | ||||||||||||||||||
Asset retirement obligations (Note 18) | 2,089 | 2,097 | ||||||||||||||||||
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) | 888 | 989 | ||||||||||||||||||
Total liabilities | 18,743 | 18,656 | ||||||||||||||||||
Commitments and Contingencies (Note 12) | ||||||||||||||||||||
Total equity (Note 13): | ||||||||||||||||||||
Common stock (par value — $0.01; number of shares authorized — 1,800,000,000)
(shares outstanding: March 31, 2020 — 488,448,029; December 31, 2019 — 487,698,111)
|
5 | 5 | ||||||||||||||||||
Treasury stock, at cost (shares: March 31, 2020 — 41,043,224; December 31, 2019 — 41,043,224)
|
(973) | (973) | ||||||||||||||||||
Additional paid-in-capital | 9,737 | 9,721 | ||||||||||||||||||
Retained deficit | (780) | (764) | ||||||||||||||||||
Accumulated other comprehensive loss | (53) | (30) | ||||||||||||||||||
Stockholders' equity | 7,936 | 7,959 | ||||||||||||||||||
Noncontrolling interest in subsidiary | (10) | 1 | ||||||||||||||||||
Total equity | 7,926 | 7,960 | ||||||||||||||||||
Total liabilities and equity | $ | 26,669 | $ | 26,616 |
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 | $ | 49 | $ | — | $ | 26 | $ | — | ||||||||||||||||||||||||||||||||||||
Net working capital | 30 | 1 | (2) | (35) | ||||||||||||||||||||||||||||||||||||||||
Accumulated deferred income taxes | — | — | — | (36) | ||||||||||||||||||||||||||||||||||||||||
Identifiable intangible assets | 200 | (63) | 302 | 8 | ||||||||||||||||||||||||||||||||||||||||
Goodwill | 278 | 64 | 248 | 43 | ||||||||||||||||||||||||||||||||||||||||
Commodity and other derivative contractual assets | 23 | — | 18 | — | ||||||||||||||||||||||||||||||||||||||||
Other noncurrent assets | 13 | — | 17 | (3) | ||||||||||||||||||||||||||||||||||||||||
Total assets acquired | 593 | 2 | 609 | (23) | ||||||||||||||||||||||||||||||||||||||||
Identifiable intangible liabilities | — | — | 3 | (33) | ||||||||||||||||||||||||||||||||||||||||
Long-term debt, including amounts due currently | — | — | 140 | — | ||||||||||||||||||||||||||||||||||||||||
Commodity and other derivative contractual liabilities | 28 | — | 40 | — | ||||||||||||||||||||||||||||||||||||||||
Accumulated deferred income taxes | — | — | 10 | 10 | ||||||||||||||||||||||||||||||||||||||||
Other noncurrent liabilities and deferred credits | 10 | 2 | 16 | — | ||||||||||||||||||||||||||||||||||||||||
Total liabilities assumed | 38 | 2 | 209 | (23) | ||||||||||||||||||||||||||||||||||||||||
Identifiable net assets acquired | $ | 555 | $ | — | $ | 400 | $ | — |
Name | Location | Fuel Type | Net Generation Capacity (MW) | Number of Units | Dates Units to Be Taken Offline | |||||||||||||||||||||||||||
Coffeen | Coffeen, IL | Coal | 915 | 2 | November 1, 2019 | |||||||||||||||||||||||||||
Duck Creek | Canton, IL | Coal | 425 | 1 | December 15, 2019 | |||||||||||||||||||||||||||
Havana | Havana, IL | Coal | 434 | 1 | November 1, 2019 | |||||||||||||||||||||||||||
Hennepin | Hennepin, IL | Coal | 294 | 2 | November 1, 2019 | |||||||||||||||||||||||||||
Edwards | Bartonville, IL | Coal | 585 | 2 | By the end of 2022 | |||||||||||||||||||||||||||
Total
|
2,653 | 8 |
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 | $ | 1,253 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1,253 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retail energy charge in Northeast/Midwest | 640 | — | — | — | — | — | — | 640 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Wholesale generation revenue from ISO/RTO | — | 98 | 76 | 41 | 13 | — | 33 | 261 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capacity revenue from ISO/RTO | — | — | 14 | 26 | 5 | — | — | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue from other wholesale contracts | — | 50 | 152 | 12 | 49 | — | 4 | 267 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total revenue from contracts with customers | 1,893 | 148 | 242 | 79 | 67 | — | 37 | 2,466 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible amortization | (4) | — | — | — | (4) | — | — | (8) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedging and other revenues (a) | 19 | 251 | 39 | 39 | 8 | — | 44 | 400 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Affiliate sales | — | 467 | 367 | 167 | 71 | — | (1,072) | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other revenues | 15 | 718 | 406 | 206 | 75 | — | (1,028) | 392 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total revenues | $ | 1,908 | $ | 866 | $ | 648 | $ | 285 | $ | 142 | $ | — | $ | (991) | $ | 2,858 |
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 | $ | 1,025 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 1,025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retail energy charge in Northeast/Midwest | 348 | — | — | — | — | — | — | 348 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Wholesale generation revenue from ISO/RTO | — | 247 | 221 | 195 | 72 | 67 | 73 | 875 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Capacity revenue from ISO/RTO | — | — | 67 | 80 | 10 | 3 | — | 160 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue from other wholesale contracts | — | 44 | 72 | 7 | 15 | 1 | 3 | 142 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total revenue from contracts with customers | 1,373 | 291 | 360 | 282 | 97 | 71 | 76 | 2,550 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible amortization | (9) | — | — | (2) | (5) | — | 1 | (15) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hedging and other revenues (a) | 22 | 158 | 91 | 49 | 13 | 14 | 41 | 388 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Affiliate sales | — | 505 | 254 | 15 | 64 | — | (838) | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total other revenues | 13 | 663 | 345 | 62 | 72 | 14 | (796) | 373 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total revenues | $ | 1,386 | $ | 954 | $ | 705 | $ | 344 | $ | 169 | $ | 85 | $ | (720) | $ | 2,923 |
March 31,
2020 |
December 31, 2019 | ||||||||||
Trade accounts receivable from contracts with customers — net | $ | 1,017 | $ | 1,246 | |||||||
Other trade accounts receivable — net | 80 | 119 | |||||||||
Total trade accounts receivable — net | $ | 1,097 | $ | 1,365 |
Balance at December 31, 2019
|
$ | 2,553 | |||
Measurement period adjustments recorded in connection with the Ambit Transaction | 64 | ||||
Measurement period adjustments recorded in connection with the Crius Transaction | (9) | ||||
Balance at March 31, 2020
|
$ | 2,608 |
March 31, 2020 | December 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Identifiable Intangible Asset |
Gross
Carrying
Amount
|
Accumulated
Amortization |
Net |
Gross
Carrying
Amount
|
Accumulated
Amortization |
Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retail customer relationship | $ | 2,047 | $ | 1,225 | $ | 822 | $ | 2,078 | $ | 1,151 | $ | 927 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Software and other technology-related assets | 354 | 140 | 214 | 341 | 125 | 216 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Retail and wholesale contracts | 272 | 181 | 91 | 315 | 182 | 133 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contractual service agreements (a) | 59 | 5 | 54 | 59 | 5 | 54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other identifiable intangible assets (b) | 42 | 16 | 26 | 40 | 15 | 25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total identifiable intangible assets subject to amortization | $ | 2,774 | $ | 1,567 | 1,207 | $ | 2,833 | $ | 1,478 | 1,355 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Retail trade names (not subject to amortization) | 1,369 | 1,391 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mineral interests (not currently subject to amortization) | 2 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total identifiable intangible assets | $ | 2,578 | $ | 2,748 |
Identifiable Intangible Liability |
March 31,
2020 |
December 31, 2019 | |||||||||
Contractual service agreements | $ | 111 | $ | 110 | |||||||
Purchase and sale of power and capacity | 96 | 100 | |||||||||
Fuel and transportation purchase contracts | 72 | 76 | |||||||||
Total identifiable intangible liabilities | $ | 279 | $ | 286 |
Identifiable Intangible Assets and Liabilities | Condensed Consolidated Statements of Operations | Three Months Ended March 31, | |||||||||||||||||||||||||||||||||
2020 | 2019 | ||||||||||||||||||||||||||||||||||
Retail customer relationship | Depreciation and amortization | $ | 74 | $ | 55 | ||||||||||||||||||||||||||||||
Software and other technology-related assets | Depreciation and amortization | 17 | 13 | ||||||||||||||||||||||||||||||||
Retail and wholesale contracts/purchase and sale/fuel and transportation contracts | Operating revenues/fuel, purchased power costs and delivery fees | 2 | 12 | ||||||||||||||||||||||||||||||||
Other identifiable intangible assets | Operating revenues/fuel, purchased power costs and delivery fees/depreciation and amortization | 52 | 27 | ||||||||||||||||||||||||||||||||
Total intangible asset expense (a) | $ | 145 | $ | 107 |
Year | Estimated Amortization Expense | |||||||
2020 | $ | 355 | ||||||
2021 | $ | 248 | ||||||
2022 | $ | 155 | ||||||
2023 | $ | 113 | ||||||
2024 | $ | 76 |
Three Months Ended March 31, | |||||||||||||||||||||||||||||
2020 | 2019 | ||||||||||||||||||||||||||||
Income before income taxes | $ | 62 | $ | 301 | |||||||||||||||||||||||||
Income tax expense | $ | (17) | $ | (77) | |||||||||||||||||||||||||
Effective tax rate | 27.4 | % | 25.6 | % |
Three Months Ended March 31, | |||||||||||||||||
2020 | 2019 | ||||||||||||||||
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 |
Three Months Ended March 31, | |||||||||||||||||||||||||||||
2020 | 2019 | ||||||||||||||||||||||||||||
Net income attributable to common stock — basic | $ | 56 | $ | 225 | |||||||||||||||||||||||||
Weighted average shares of common stock outstanding — basic (a) | 487,944,564 | 502,367,299 | |||||||||||||||||||||||||||
Net income per weighted average share of common stock outstanding — basic | $ | 0.11 | $ | 0.45 | |||||||||||||||||||||||||
Dilutive securities: Stock-based incentive compensation plan | 2,694,062 | 6,772,689 | |||||||||||||||||||||||||||
Weighted average shares of common stock outstanding — diluted | 490,638,626 | 509,139,988 | |||||||||||||||||||||||||||
Net income per weighted average share of common stock outstanding — diluted | $ | 0.11 | $ | 0.44 |
March 31,
2020 |
December 31,
2019 |
||||||||||
Vistra Operations Credit Facilities | $ | 2,593 | $ | 2,700 | |||||||
Vistra Operations Senior Secured Notes: | |||||||||||
3.550% Senior Secured Notes, due July 15, 2024
|
1,500 | 1,500 | |||||||||
3.700% Senior Secured Notes, due January 30, 2027
|
800 | 800 | |||||||||
4.300% Senior Secured Notes, due July 15, 2029
|
800 | 800 | |||||||||
Total Vistra Operations Senior Secured Notes | 3,100 | 3,100 | |||||||||
Vistra Operations Senior Unsecured Notes: | |||||||||||
5.500% Senior Unsecured Notes, due September 1, 2026
|
1,000 | 1,000 | |||||||||
5.625% Senior Unsecured Notes, due February 15, 2027
|
1,300 | 1,300 | |||||||||
5.000% Senior Unsecured Notes, due July 31, 2027
|
1,300 | 1,300 | |||||||||
Total Vistra Operations Senior Unsecured Notes | 3,600 | 3,600 | |||||||||
Vistra Energy Senior Unsecured Notes: | |||||||||||
5.875% Senior Unsecured Notes, due June 1, 2023
|
500 | 500 | |||||||||
8.000% Senior Unsecured Notes, due January 15, 2025
|
— | 81 | |||||||||
8.125% Senior Unsecured Notes, due January 30, 2026
|
166 | 166 | |||||||||
Total Vistra Energy Senior Unsecured Notes | 666 | 747 | |||||||||
Other: | |||||||||||
Forward Capacity Agreements | 130 | 161 | |||||||||
Equipment Financing Agreements | 91 | 99 | |||||||||
8.82% Building Financing due semiannually through February 11, 2022 (a)
|
13 | 15 | |||||||||
Other | 4 | 12 | |||||||||
Total other long-term debt | 238 | 287 | |||||||||
Unamortized debt premiums, discounts and issuance costs (b) | (59) | (55) | |||||||||
Total long-term debt including amounts due currently | 10,138 | 10,379 | |||||||||
Less amounts due currently | (169) | (277) | |||||||||
Total long-term debt less amounts due currently | $ | 9,969 | $ | 10,102 |
March 31, 2020 | ||||||||||||||||||||||||||||||||||||||
Vistra Operations Credit Facilities | Maturity Date |
Facility
Limit |
Cash
Borrowings |
Available
Capacity |
||||||||||||||||||||||||||||||||||
Revolving Credit Facility (a) | June 14, 2023 | $ | 2,725 | $ | 700 | $ | 1,117 | |||||||||||||||||||||||||||||||
Term Loan B-3 Facility | December 31, 2025 | 2,593 | 2,593 | — | ||||||||||||||||||||||||||||||||||
Total Vistra Operations Credit Facilities | $ | 5,318 | $ | 3,293 | $ | 1,117 |
Notional Amount | Expiration Date | Rate Range | ||||||||||||||||||||||||||||||
Swapped to fixed | $3,000 | July 2023 | 3.67 | % | - | 3.91% | ||||||||||||||||||||||||||
Swapped to variable | $700 | July 2023 | 3.20 | % | - | 3.23% | ||||||||||||||||||||||||||
Swapped to fixed | $720 | February 2024 | 3.71 | % | - | 3.72% | ||||||||||||||||||||||||||
Swapped to variable | $720 | February 2024 | 3.20 | % | - | 3.20% | ||||||||||||||||||||||||||
Swapped to fixed (a) | $3,000 | July 2026 | 4.72 | % | - | 4.79% | ||||||||||||||||||||||||||
Swapped to variable (a) | $700 | July 2026 | 3.28 | % | - | 3.33% |
March 31, 2020 | |||||
Remainder of 2020 | $ | 133 | |||
2021 | 96 | ||||
2022 | 44 | ||||
2023 | 540 | ||||
2024 | 1,540 | ||||
Thereafter | 7,844 | ||||
Unamortized premiums, discounts and debt issuance costs | (59) | ||||
Total long-term debt, including amounts due currently | $ | 10,138 |
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
|
$ | 5 | $ | (973) | $ | 9,721 | $ | (764) | $ | (30) | $ | 7,959 | $ | 1 | $ | 7,960 | |||||||||||||||||||||||||||||||
Dividends declared on common stock | — | — | — | (66) | — | (66) | — | (66) | |||||||||||||||||||||||||||||||||||||||
Effects of stock-based incentive compensation plans | — | — | 14 | — | — | 14 | — | 14 | |||||||||||||||||||||||||||||||||||||||
Net income (loss) | — | — | — | 56 | — | 56 | (11) | 45 | |||||||||||||||||||||||||||||||||||||||
Adoption of accounting standard | — | — | — | (4) | — | (4) | — | (4) | |||||||||||||||||||||||||||||||||||||||
Change in accumulated other comprehensive income (loss) | — | — | — | — | (23) | (23) | — | (23) | |||||||||||||||||||||||||||||||||||||||
Other | — | — | 2 | (2) | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Balance at March 31, 2020
|
$ | 5 | $ | (973) | $ | 9,737 | $ | (780) | $ | (53) | $ | 7,936 | $ | (10) | $ | 7,926 |
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
|
$ | 5 | $ | (778) | $ | 10,107 | $ | (1,449) | $ | (22) | $ | 7,863 | $ | 4 | $ | 7,867 | |||||||||||||||||||||||||||||||
Stock repurchase | — | (236) | — | — | — | (236) | — | (236) | |||||||||||||||||||||||||||||||||||||||
Dividends declared on common stock | — | — | — | (61) | — | (61) | — | (61) | |||||||||||||||||||||||||||||||||||||||
Effects of stock-based incentive compensation plans | — | — | 12 | — | — | 12 | — | 12 | |||||||||||||||||||||||||||||||||||||||
Net income | — | — | — | 225 | — | 225 | (1) | 224 | |||||||||||||||||||||||||||||||||||||||
Adoption of accounting standard | — | — | — | (2) | — | (2) | — | (2) | |||||||||||||||||||||||||||||||||||||||
Change in accumulated other comprehensive income (loss) | — | — | — | — | 1 | 1 | — | 1 | |||||||||||||||||||||||||||||||||||||||
Other | — | — | — | 2 | — | 2 | (1) | 1 | |||||||||||||||||||||||||||||||||||||||
Balance at March 31, 2019
|
$ | 5 | $ | (1,014) | $ | 10,119 | $ | (1,285) | $ | (21) | $ | 7,804 | $ | 2 | $ | 7,806 |
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 | $ | 1,379 | $ | 164 | $ | 311 | $ | 24 | $ | 1,878 | $ | 1,047 | $ | 172 | $ | 239 | $ | 11 | $ | 1,469 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps | — | 76 | — | — | 76 | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust – equity securities (c) | 452 | — | — | 452 | 564 | — | — | 564 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust – debt securities (c) | — | 543 | — | 543 | — | 521 | — | 521 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sub-total | $ | 1,831 | $ | 783 | $ | 311 | $ | 24 | 2,949 | $ | 1,611 | $ | 693 | $ | 239 | $ | 11 | 2,554 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assets measured at net asset value (d): | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Nuclear decommissioning trust – equity securities (c) | 294 | 366 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total assets | $ | 3,243 | $ | 2,920 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | $ | 1,238 | $ | 467 | $ | 283 | $ | 24 | $ | 2,012 | $ | 985 | $ | 439 | $ | 313 | $ | 11 | $ | 1,748 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps | — | 427 | — | — | 427 | — | 177 | — | — | 177 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total liabilities | $ | 1,238 | $ | 894 | $ | 283 | $ | 24 | $ | 2,439 | $ | 985 | $ | 616 | $ | 313 | $ | 11 | $ | 1,925 |
March 31, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contract Type (a) | Assets | Liabilities | Total | Valuation Technique | Significant Unobservable Input | Range (b) | Average (b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Electricity purchases and sales | $ | 127 | $ | (36) | $ | 91 | Valuation Model | Hourly price curve shape (c) | $ | — | to | $110 | $56 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MWh | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Illiquid delivery periods for ERCOT hub power prices and heat rates (d) | $ | 20 | to | $120 | $70 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MWh | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Options | 55 | (203) | (148) | Option Pricing Model | Gas to power correlation (e) | 10 | % | to | 100% | 55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Power and gas volatility (e) | 5 | % | to | 440% | 221% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights | 118 | (16) | 102 | Market Approach (f) | Illiquid price differences between settlement points (g) | $ | (10) | to | $45 | $19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MWh | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other (h) | 11 | (28) | (17) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 311 | $ | (283) | $ | 28 |
December 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contract Type (a) | Assets | Liabilities | Total | Valuation Technique | Significant Unobservable Input | Range (b) | Average (b) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Electricity purchases and sales | $ | 64 | $ | (53) | $ | 11 | Valuation Model | Hourly price curve shape (c) | $ | — | to | $115 | $58 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MWh | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Illiquid delivery periods for ERCOT hub power prices and heat rates (d) | $ | 20 | to | $120 | $70 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MWh | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Options | 38 | (188) | (150) | Option Pricing Model | Gas to power correlation (e) | 10 | % | to | 100% | 55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Power and gas volatility (e) | 5 | % | to | 440% | 223% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial transmission rights | 120 | (26) | 94 | Market Approach (f) | Illiquid price differences between settlement points (g) | $ | (10) | to | $40 | $15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MWh | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other (h) | 17 | (46) | (29) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total | $ | 239 | $ | (313) | $ | (74) |
Three Months Ended March 31, | |||||||||||||||||||||||||||||
2020 | 2019 | ||||||||||||||||||||||||||||
Net liability balance at beginning of period | $ | (74) | $ | (135) | |||||||||||||||||||||||||
Total unrealized valuation gains (losses) | (6) | 37 | |||||||||||||||||||||||||||
Purchases, issuances and settlements (a): | |||||||||||||||||||||||||||||
Purchases | 55 | 19 | |||||||||||||||||||||||||||
Issuances | (3) | (7) | |||||||||||||||||||||||||||
Settlements | (13) | (22) | |||||||||||||||||||||||||||
Transfers into Level 3 (b) | 1 | 3 | |||||||||||||||||||||||||||
Transfers out of Level 3 (b) | 68 | (8) | |||||||||||||||||||||||||||
Net change (c) | 102 | 22 | |||||||||||||||||||||||||||
Net asset (liability) balance at end of period | $ | 28 | $ | (113) | |||||||||||||||||||||||||
Unrealized valuation gains relating to instruments held at end of period | $ | 23 | $ | 25 |
March 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity Contracts | Interest Rate Swaps | Commodity Contracts | Interest Rate Swaps | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
Current assets | $ | 1,655 | $ | 16 | $ | 14 | $ | — | $ | 1,685 | |||||||||||||||||||||||||||||||||||||||||||
Noncurrent assets | 209 | 60 | — | — | 269 | ||||||||||||||||||||||||||||||||||||||||||||||||
Current liabilities | (5) | — | (1,685) | (63) | (1,753) | ||||||||||||||||||||||||||||||||||||||||||||||||
Noncurrent liabilities | (5) | — | (317) | (364) | (686) | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets (liabilities) | $ | 1,854 | $ | 76 | $ | (1,988) | $ | (427) | $ | (485) |
December 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity Contracts | Interest Rate Swaps | Commodity Contracts | Interest Rate Swaps | Total | |||||||||||||||||||||||||||||||||||||||||||||||||
Current assets | $ | 1,323 | $ | — | $ | 10 | $ | — | $ | 1,333 | |||||||||||||||||||||||||||||||||||||||||||
Noncurrent assets | 136 | — | — | — | 136 | ||||||||||||||||||||||||||||||||||||||||||||||||
Current liabilities | (1) | — | (1,510) | (18) | (1,529) | ||||||||||||||||||||||||||||||||||||||||||||||||
Noncurrent liabilities | — | — | (237) | (159) | (396) | ||||||||||||||||||||||||||||||||||||||||||||||||
Net assets (liabilities) | $ | 1,458 | $ | — | $ | (1,737) | $ | (177) | $ | (456) |
Derivative (condensed consolidated statements of operations presentation) | Three Months Ended March 31, | ||||||||||||||||||||||||||||
2020 | 2019 | ||||||||||||||||||||||||||||
Commodity contracts (Operating revenues) | $ | 257 | $ | 227 | |||||||||||||||||||||||||
Commodity contracts (Fuel, purchased power costs and delivery fees) | (106) | 27 | |||||||||||||||||||||||||||
Interest rate swaps (Interest expense and related charges) | (178) | (76) | |||||||||||||||||||||||||||
Net gain (loss) | $ | (27) | $ | 178 |
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 | $ | 1,854 | $ | (1,410) | $ | (23) | $ | 421 | $ | 1,458 | $ | (1,113) | $ | — | $ | 345 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps | 76 | (76) | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total derivative assets | 1,930 | (1,486) | (23) | 421 | 1,458 | (1,113) | — | 345 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commodity contracts | (1,988) | 1,410 | 24 | (554) | (1,737) | 1,113 | 40 | (584) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate swaps | (427) | 76 | — | (351) | (177) | — | — | (177) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total derivative liabilities | (2,415) | 1,486 | 24 | (905) | (1,914) | 1,113 | 40 | (761) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net amounts | $ | (485) | $ | — | $ | 1 | $ | (484) | $ | (456) | $ | — | $ | 40 | $ | (416) |
March 31, 2020 | December 31, 2019 | |||||||||||||||||||||||||
Derivative type | Notional Volume | Unit of Measure | ||||||||||||||||||||||||
Natural gas (a) | 5,828 | 6,160 | Million MMBtu | |||||||||||||||||||||||
Electricity | 423,535 | 428,367 | GWh | |||||||||||||||||||||||
Financial transmission rights (b) | 173,577 | 199,648 | GWh | |||||||||||||||||||||||
Coal | 18 | 22 | Million U.S. tons | |||||||||||||||||||||||
Fuel oil | 181 | 33 | Million gallons | |||||||||||||||||||||||
Emissions | 34 | 20 | Million tons | |||||||||||||||||||||||
Renewable energy certificates | 12 | 11 | Million certificates | |||||||||||||||||||||||
Interest rate swaps – variable/fixed (c) | $ | 6,720 | $ | 6,720 | Million U.S. dollars | |||||||||||||||||||||
Interest rate swaps – fixed/variable (c) | $ | 2,120 | $ | 2,120 | Million U.S. dollars |
March 31,
2020 |
December 31,
2019 |
||||||||||
Fair value of derivative contract liabilities (a) | $ | (966) | $ | (692) | |||||||
Offsetting fair value under netting arrangements (b) | 264 | 167 | |||||||||
Cash collateral and letters of credit | 100 | 67 | |||||||||
Liquidity exposure | $ | (602) | $ | (458) |
Three months ended | Retail | ERCOT | PJM | NY/NE | MISO | Asset Closure | Corporate and Other (b) | Eliminations (1) | Consolidated | |||||||||||||||||||||||||||||||||||||||||||||||
March 31, 2020 | $ | 1 | $ | 203 | $ | 80 | $ | 30 | $ | (1) | $ | — | $ | 7 | $ | (119) | $ | 201 | ||||||||||||||||||||||||||||||||||||||
March 31, 2019 | (1) | 237 | 91 | 1 | (21) | — | 16 | (165) | $ | 158 |
Pension Benefits | OPEB Benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months Ended March 31, | Three Months Ended March 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2020 | 2019 | 2020 | 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Service cost | $ | 2 | $ | 2 | $ | — | $ | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
Other costs | 1 | — | 2 | 2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net periodic benefit cost | $ | 3 | $ | 2 | $ | 2 | $ | 2 |
Three Months Ended March 31, | |||||||||||||||||||||||||||||
2020 | 2019 | ||||||||||||||||||||||||||||
Interest paid/accrued | $ | 128 | $ | 150 | |||||||||||||||||||||||||
Unrealized mark-to-market net losses on interest rate swaps | 174 | 80 | |||||||||||||||||||||||||||
Amortization of debt issuance costs, discounts and premiums | 4 | (2) | |||||||||||||||||||||||||||
Debt extinguishment gain | (8) | (7) | |||||||||||||||||||||||||||
Capitalized interest | (3) | (3) | |||||||||||||||||||||||||||
Other | 5 | 4 | |||||||||||||||||||||||||||
Total interest expense and related charges | $ | 300 | $ | 222 |
Three Months Ended March 31, | |||||||||||||||||||||||||||||
2020 | 2019 | ||||||||||||||||||||||||||||
Other income: | |||||||||||||||||||||||||||||
Insurance settlement (a) | $ | 3 | $ | 11 | |||||||||||||||||||||||||
Funds released from escrow to settle pre-petition claims of our predecessor | — | 9 | |||||||||||||||||||||||||||
Interest income | 1 | 4 | |||||||||||||||||||||||||||
All other | 3 | 1 | |||||||||||||||||||||||||||
Total other income | $ | 7 | $ | 25 | |||||||||||||||||||||||||
Other deductions: | |||||||||||||||||||||||||||||
Loss on disposal of investment in NELP (b) | $ | 28 | $ | — | |||||||||||||||||||||||||
All other | 3 | 2 | |||||||||||||||||||||||||||
Total other deductions | $ | 31 | $ | 2 |
March 31, 2020 | December 31, 2019 | ||||||||||||||||||||||||||||||||||
Current Assets | Noncurrent Assets | Current Assets | Noncurrent Assets | ||||||||||||||||||||||||||||||||
Amounts related to remediation escrow accounts | $ | 21 | $ | 28 | $ | 15 | $ | 28 | |||||||||||||||||||||||||||
Amounts related to restructuring escrow accounts | 4 | — | 43 | — | |||||||||||||||||||||||||||||||
Amounts related to Ambit customer deposits | 19 | — | 19 | — | |||||||||||||||||||||||||||||||
Amounts related to Ambit commodity trading agreement | — | — | 62 | — | |||||||||||||||||||||||||||||||
Amounts related to Ambit letters of credit (Note 11) | 6 | — | 8 | — | |||||||||||||||||||||||||||||||
Total restricted cash | $ | 50 | $ | 28 | $ | 147 | $ | 28 |
March 31,
2020 |
December 31,
2019 |
||||||||||
Wholesale and retail trade accounts receivable | $ | 1,137 | $ | 1,401 | |||||||
Allowance for uncollectible accounts | (40) | (36) | |||||||||
Trade accounts receivable — net | $ | 1,097 | $ | 1,365 |
Three Months Ended March 31, | |||||||||||||||||
2020 | 2019 | ||||||||||||||||
Allowance for uncollectible accounts receivable at beginning of period (a) | $ | 42 | $ | 19 | |||||||||||||
Increase for bad debt expense | 26 | 15 | |||||||||||||||
Decrease for account write-offs | (28) | (15) | |||||||||||||||
Allowance for uncollectible accounts receivable at end of period | $ | 40 | $ | 19 |
March 31,
2020 |
December 31,
2019 |
||||||||||
Materials and supplies | $ | 276 | $ | 278 | |||||||
Fuel stock | 221 | 172 | |||||||||
Natural gas in storage | 17 | 19 | |||||||||
Total inventories | $ | 514 | $ | 469 |
March 31,
2020 |
December 31,
2019 |
||||||||||
Nuclear plant decommissioning trust | $ | 1,289 | $ | 1,451 | |||||||
Assets related to employee benefit plans | 36 | 37 | |||||||||
Land | 49 | 49 | |||||||||
Total investments | $ | 1,374 | $ | 1,537 |
March 31,
2020 |
December 31, 2019 | ||||||||||
Debt securities (a) | $ | 543 | $ | 521 | |||||||
Equity securities (b) | 746 | 930 | |||||||||
Total | $ | 1,289 | $ | 1,451 |
Three Months Ended March 31, | |||||||||||||||||||||||||||||
2020 | 2019 | ||||||||||||||||||||||||||||
Proceeds from sales of securities | $ | 75 | $ | 78 | |||||||||||||||||||||||||
Investments in securities | $ | (80) | $ | (83) |
March 31,
2020 |
December 31,
2019 |
||||||||||
Power generation and structures | $ | 15,285 | $ | 15,205 | |||||||
Land | 623 | 622 | |||||||||
Office and other equipment | 169 | 164 | |||||||||
Total | 16,077 | 15,991 | |||||||||
Less accumulated depreciation | (2,862) | (2,553) | |||||||||
Net of accumulated depreciation | 13,215 | 13,438 | |||||||||
Finance lease right-of-use assets | 58 | 59 | |||||||||
Nuclear fuel (net of accumulated amortization of $236 million and $216 million)
|
200 | 197 | |||||||||
Construction work in progress | 345 | 220 | |||||||||
Property, plant and equipment — net | $ | 13,818 | $ | 13,914 |
Nuclear Plant Decommissioning | Mining Land Reclamation | Coal Ash and Other | Total | ||||||||||||||||||||
Liability at December 31, 2019
|
$ | 1,320 | $ | 410 | $ | 508 | $ | 2,238 | |||||||||||||||
Additions: | |||||||||||||||||||||||
Accretion | 11 | 5 | 7 | 23 | |||||||||||||||||||
Adjustment for change in estimates | — | (1) | — | (1) | |||||||||||||||||||
Reductions: | |||||||||||||||||||||||
Payments | — | (13) | (7) | (20) | |||||||||||||||||||
Liability at March 31, 2020
|
1,331 | 401 | 508 | 2,240 | |||||||||||||||||||
Less amounts due currently | — | (97) | (54) | (151) | |||||||||||||||||||
Noncurrent liability at March 31, 2020
|
$ | 1,331 | $ | 304 | $ | 454 | $ | 2,089 |
Nuclear Plant Decommissioning | Mining Land Reclamation | Coal Ash and Other | Total | ||||||||||||||||||||
Liability at December 31, 2018
|
$ | 1,276 | $ | 442 | $ | 655 | $ | 2,373 | |||||||||||||||
Additions: | |||||||||||||||||||||||
Accretion | 11 | 6 | 8 | 25 | |||||||||||||||||||
Adjustment for change in estimates | — | (1) | (2) | (3) | |||||||||||||||||||
Adjustment for obligations assumed through acquisitions | — | — | (3) | (3) | |||||||||||||||||||
Reductions: | |||||||||||||||||||||||
Payments | — | (14) | (8) | (22) | |||||||||||||||||||
Liability at March 31, 2019
|
1,287 | 433 | 650 | 2,370 | |||||||||||||||||||
Less amounts due currently | — | (120) | (74) | (194) | |||||||||||||||||||
Noncurrent liability at March 31, 2019
|
$ | 1,287 | $ | 313 | $ | 576 | $ | 2,176 |
March 31,
2020 |
December 31,
2019 |
||||||||||
Retirement and other employee benefits (a) | $ | 327 | $ | 295 | |||||||
Identifiable intangible liabilities (Note 6) | 279 | 286 | |||||||||
Regulatory liability | — | 131 | |||||||||
Finance lease liabilities | 81 | 78 | |||||||||
Uncertain tax positions, including accrued interest | 9 | 10 | |||||||||
Liability for third-party remediation | 42 | 41 | |||||||||
Environmental allowances | 47 | 52 | |||||||||
Other accrued expenses | 103 | 96 | |||||||||
Total other noncurrent liabilities and deferred credits | $ | 888 | $ | 989 |
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 | $ | 2,601 | $ | 2,437 | $ | 2,715 | $ | 2,717 | |||||||||||||||||||||||||||||||||||
Vistra Operations Senior Notes | Level 2 | 6,627 | 6,500 | 6,620 | 6,926 | |||||||||||||||||||||||||||||||||||||||
Vistra Energy Senior Notes | Level 2 | 687 | 671 | 774 | 772 | |||||||||||||||||||||||||||||||||||||||
Forward Capacity Agreements | Level 3 | 127 | 127 | 155 | 155 | |||||||||||||||||||||||||||||||||||||||
Equipment Financing Agreements | Level 3 | 79 | 79 | 87 | 87 | |||||||||||||||||||||||||||||||||||||||
Building Financing | Level 2 | 13 | 13 | 16 | 16 | |||||||||||||||||||||||||||||||||||||||
Other debt | Level 3 | 4 | 4 | 12 | 12 |
March 31,
2020 |
December 31,
2019 |
||||||||||
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 | $ | 475 |
Three Months Ended March 31, | |||||||||||||||||
2020 | 2019 | ||||||||||||||||
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) (a) | $ | (36) | $ | (17) | |||||||||||||
Noncash investing and financing activities: | |||||||||||||||||
Construction expenditures (b) | $ | 20 | $ | 45 | |||||||||||||
Disposition of investment in NELP | $ | 123 | $ | — | |||||||||||||
Acquisition of investment in North Jersey Energy Associates | $ | 90 | $ | — | |||||||||||||
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 | % |
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)
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DYNEGY FAYETTE II, LLC |
PUBLIC POWER, LLC (PA-3933152, a Pennsylvania limited liability company)
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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.,
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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 | — | — | — | — | — | — | — | — | — | — | — | — |