Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when VST files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsVistra clears 10,924 MW in PJM 2028/2029 capacity auction at $325/MW-day
Filed July 14, 2026 · Period ending July 14, 2026 · ~1 min read
Key Changes
-
high
Secured 10,924 MW of capacity for the 2028/2029 planning year at $325/MW-day, locking in revenue for a significant portion of its generation fleet two years forward and providing visibility into future capacity payment cash flows.
Item 8.01 verify on EDGAR → -
medium
Capacity cleared across seven PJM zones at a uniform $325/MW-day price, with largest allocations in RTO (4,130 MW), ATSI (2,070 MW), and EMAAC (1,819 MW), reflecting Vistra's geographic footprint across the PJM market.
Item 8.01 verify on EDGAR →
Summary
Vistra disclosed results from PJM's capacity auction for the 2028/2029 planning year, clearing approximately 10,924 MW at $325 per megawatt-day across all zones. This outcome locks in a substantial revenue stream for a significant portion of Vistra's generation fleet, providing cash flow visibility two years forward. The uniform clearing price across all seven PJM zones where Vistra participates indicates consistent market conditions region-wide.
For retail holders, capacity auctions are a critical revenue component for power generators, representing payments to ensure resource availability during peak demand periods. The cleared volume and price establish a baseline for Vistra's wholesale power revenue in 2028/2029, reducing uncertainty around future earnings from its PJM operations. The geographic distribution—with the largest positions in RTO, ATSI, and EMAAC zones—reflects Vistra's market presence across the PJM footprint.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 16, 2026 · How we verify