Vistra has reached an agreement to acquire Energy Harbor in a $3.43 billion deal, including debt.
When the transaction closes, Energy Harbor’s nuclear and retail businesses would merge under a new Vistra subsidiary the company is calling “Vistra Vision.”
Both companies’ boards of directors gave approval.
Vistra said it has been looking to expand its nuclear power generation capacity, and the deal would help the Texas-based energy company add about 4,000 MW of nuclear capacity.
