Vistra To Triple Permian Basin Power Plant Capacity With $1B Gas Expansion In Texas, Greenlights Two New Gas Units

Author: Benzinga Newsdesk | September 29, 2025 06:33am

Vistra Corp. (NYSE: VST) today announced that it is moving forward with the next phase of its capital plan to support grid reliability in Texas. In 2024, the company identified more than $1 billion worth of potential capital additions in generation capacity within the Texas ERCOT market by 2028 if market conditions were supportive. Now, based on customer demand and to meet West Texas' growing power needs, particularly the state's expanding oil and natural gas industries, Vistra has reached a final investment decision on a key element of this plan and confirms it will build two new advanced natural gas power units, together totaling 860 megawatts, on-site at its Permian Basin Power Plant. This expansion more than triples the site's current capacity from 325 MW to 1,185 MW.

Posted In: VST