Power supplier Vistra expects to take a $1 billion hit from Texas’ epic winter storm

By Maria Halkias

Companies are beginning to sort out the big hits and windfalls, and it appears the brutal Texas freeze was a zero sum game.

Radical swings up and down depend on whether a company was a fossil fuel supplier, a generator of electricity or a seller to Texas residents who are left with eye-popping bills. More than 80 deaths have been tied to the frigid snowstorm. More than 4 million customers lost power, some for days.

Vistra, the state’s biggest power supplier, said Friday that it expects a one-time financial impact of $900 million to $1.3 billion due to the Texas power crisis. Vistra said it won’t pass that cost on to consumers.

“As a retailer, we don’t want to increase the price to consumers in the middle of this type of an event, yet our suppliers are …

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.