Our Priority: Affordable, Reliable Power for the People of Texas
For more than 140 years, Vistra has been powering a better way forward, investing in power plants and technologies that ensure Texas families, businesses, institutions, and manufacturers have access to electricity when they need it the most.
Between 2020 and 2023, Vistra added more than 1,000 megawatts (MW) of new generation capacity to the Texas grid. In 2024, Vistra accelerated its development pipeline, unveiling a multi-year, $1 billion+ capital investment plan to add more than 2,000 MW of new generation across Texas by 2028, if market conditions were supportive. Now, due to customer demand, Vistra has reached a final investment decision to execute the last key element of this plan – two new power generation units in the Permian Basin.
The company will have added enough new electricity in just eight years to power the equivalent of 1.5 million Texas homes.
“For decades, our company has been growing our generation fleet in competitive markets, responsibly planning and developing a pipeline of projects to meet America’s growing need for power, while providing customers with the solutions that best meet their energy requirements. Vistra is committed to leveraging our diverse fleet of energy assets across markets to deliver solutions to help power our nation’s economy and America’s energy leadership.”
– JIM BURKE, PRESIDENT & CEO, VISTRA
Vistra’s Investments In Reliability: 3,100+ MW by 2028
Operating
470 MW
Across its existing fleet of natural gas plants, Vistra has been upgrading generating equipment to produce more electricity from the same sites, a practice known in the industry as an uprate. These upgrades have added approximately 470 MW of dispatchable capacity to the ERCOT grid, with more planned. The new generation arrives in months instead of the years it takes to permit, build and connect a new power plant.
Operating
200 MW
The 200‑MW Oak Hill solar project, built on the reclaimed site of the former Oak Hill lignite mine, was completed and energized in 2025. A second 200-megawatt phase, Oak Hill 2, is already under construction to meet evolving needs.
Under Construction
~630 MW
Coleto Creek was scheduled for retirement in 2027. Vistra is repowering it instead, converting the plant from coal to natural gas and repurposing the considerable existing infrastructure on the property. The conversion is underway, with completion expected by the end of 2026, and will restore approximately 630 MW of dispatchable generation that can serve Texans for decades to come, while retaining the important economic and tax benefits to the Goliad area.
Under Construction
860 MW
Two advanced natural gas units are under construction at the Permian Basin Power Plant near Monahans, adding 860 MW to the ERCOT grid. Foundation work is substantially complete, major equipment is being installed, and the project is on schedule for completion by 2028.
Comanche Peak: Supporting Texas’ Nuclear Renaissance
The Comanche Peak Nuclear Power Plant has been safely and reliably generating power for Texas since 1990. Through the hard work and dedication of its nearly 1,000 onsite employees and contractors, the facility is one of the lowest-cost and highest-performing nuclear power plants in the country. Rain or shine, 24/7, the plant provides always-on baseload generation to help Power Texas Forward.
Since its inception, Comanche Peak has generated over 650 million megawatt-hours of electricity, powering millions of homes, businesses, and institutions across Texas. Based on the plant's track record of excellence, in 2024, it secured a license that will allow the plant to serve Texas for decades to come.
Learn more about the impact Comanche Peak has in Texas and how it is uniquely positioned to enhance the security, reliability, and resilience of the state's grid and economy.
Vistra’s roots in Texas date back to 1882, and today, its more than 4,000 employees across the state reliably generate nearly 20,000 MW of electricity at 22 power plants.
Today, the company is America’s leading integrated power provider, adapting to the rapidly evolving needs of customers and industry. As electric generation technologies continue to progress and advance, Vistra remains guided by its mission to reliably, responsibly, and safely generate electricity to power the advancements in our modern society.
Vistra’s roots in Texas date back to 1882, and today, its more than 4,000 employees across the state reliably generate nearly 20,000 MW of electricity at 22 power plants.
Today, the company is America’s leading integrated power provider, adapting to the rapidly evolving needs of customers and industry. As electric generation technologies continue to progress and advance, Vistra remains guided by its mission to reliably, responsibly, and safely generate electricity to power the advancements in our modern society.