Texas energy company paying $3.4B for nuclear plant owner
- brittanyreed28
- Mar 7, 2023
- 1 min read
AKRON, Ohio (AP) — Amid a federal corruption case, a company that owns nuclear plants in Pennsylvania and northern Ohio will be sold for more than $3.4 billion to an Irving, Texas-based company.
Under the deal announced Monday, Ohio-based Energy Harbor will become part of a newly formed Vistra subsidiary called Vistra Vision. Both companies’ boards of directors have approved the deal and a majority of Energy Harbor stockholders support the move, according to the statement announcing the deal.
Vistra will not be buying Energy Harbor’s two coal plants along the Ohio River, according to the release.
