IRVING, Texas, Jan. 22, 2019 /PRNewswire/ -- Vistra Energy Corp. (NYSE: VST) (the "Company" or "Vistra Energy") announced today the launch of a private offering (the "Offering") of $700 million aggregate principal amount of senior notes due 2027 (the "Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act.  The Notes will be senior, unsecured obligations of Vistra Operations Company LLC, a Delaware limited liability company and an indirect, wholly owned subsidiary of the Company (the "Issuer"). The Notes will be fully and unconditionally guaranteed by certain of the Issuer's current and future subsidiaries.

The Company intends to use the proceeds of the Offering (i) to purchase and/or redeem for cash outstanding 7.375% Senior Notes due 2022 issued by Dynegy Inc., as predecessor to Vistra Energy, (ii) to pay fees and expenses related to the Offering and (iii) for general corporate purposes.

The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

Allan Koenig
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Molly Sorg
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About Vistra Energy
Vistra Energy (NYSE: VST) is a premier, integrated power company based in Irving, Texas, combining an innovative, customer-centric approach to retail with a focus on safe, reliable, and efficient power generation. Through its retail and generation businesses which include TXU Energy, Homefield Energy, Dynegy, and Luminant, Vistra operates in 12 states and six of the seven competitive markets in the U.S., with about 5,400 employees. Vistra's retail brands serve approximately 2.9 million residential, commercial, and industrial customers across five top retail states, and its generation fleet totals approximately 41,000 megawatts of highly efficient generation capacity, with a diverse portfolio of natural gas, nuclear, coal, solar and battery storage facilities.  The company is currently developing the largest battery energy storage system of its kind in the world – a 300-MW/1,200-MWh system in Moss Landing, California.

Cautionary Note Regarding Forward-Looking Statements
The information presented herein includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which Vistra Energy Corp. ("Vistra Energy") operates and beliefs of and assumptions made by Vistra Energy's management, involve risks and uncertainties, which are difficult to predict and are not guarantees of future performance, that could significantly affect the financial results of Vistra Energy. All statements, other than statements of historical facts, that are presented herein, or in response to questions or otherwise, that address activities, events or developments that may occur in the future, including such matters as activities related to our financial or operational projections, projected synergy, value lever and net debt targets, capital allocation, capital expenditures, liquidity, projected Adjusted EBITDA to free cash flow conversion rate, dividend policy, business strategy, competitive strengths, goals, future acquisitions or dispositions, development or operation of power generation assets, market and industry developments and the growth of our businesses and operations (often, but not always, through the use of words or phrases, or the negative variations of those words or other comparable words of a future or forward-looking nature, including, but not limited to, "intends," "plans," "will likely," "unlikely," "believe," "expect," "seek," "anticipate," "estimate," "continue," "will," "shall," "should," "could," "may," "might," "predict," "project," "forecast," "target," "potential," "forecast," "goal," "objective," "guidance" and "outlook"),are forward-looking statements. . Readers are cautioned not to place undue reliance on forward-looking statements. Although Vistra Energy believes that in making any such forward-looking statement, Vistra Energy's expectations are based on reasonable assumptions, any such forward-looking statement involves uncertainties and risks that could cause results to differ materially from those projected in or implied by any such forward-looking statement, including but not limited to (i) the effect of the merger (the "Merger") on Vistra Energy's relationships with Vistra Energy's and Dynegy Inc.'s ("Dynegy") respective customers and their operating results and businesses generally (including the diversion of management time on integration-related issues); (ii) the risk that the credit ratings of the combined company or its subsidiaries are different from what Vistra Energy expects; (iii) adverse changes in general economic or market conditions (including changes in interest rates) or changes in political conditions or federal or state laws and regulations; (iv) the ability of Vistra Energy to execute upon the contemplated strategic and performance initiatives (including the risk that Vistra Energy's and Dynegy's respective businesses will not be integrated successfully or that the cost savings, synergies and growth from the Merger will not be fully realized or may take longer than expected to realize); and (v) those additional risks and factors discussed in reports filed with the Securities and Exchange Commission ("SEC") by Vistra Energy from time to time, including the uncertainties and risks discussed in the sections entitled "Risk Factors" and "Forward-Looking Statements" in Vistra Energy's quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2018.

Any forward-looking statement speaks only at the date on which it is made, and except as may be required by law, Vistra Energy will not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible to predict all of them; nor can Vistra Energy assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. 

SOURCE Vistra Energy

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PERTH, Australia--(BUSINESS WIRE)--Power Ledger, a global leader in decentralized, energy trading platforms, announced today a partnership to drive renewable energy trading in Japan alongside Sharing Energy Co., Ltd., a leading provider in the installation and provision of solar energy. Initially, Power Ledger’s blockchain-powered platform will allow Sharing Energy to track renewable energy consumption from 100 pre-identified Sharing customers across Kansai, Chubu and Kyushu regions.

The project is expected to grow from 100 rooftops to over 55,000 rooftops by the end of 2020, with plans to sell to consumers via interested third parties or following Sharing’s procurement of a retail license. This partnership and project illustrate Power Ledger’s growing momentum in Asia, and their continued global progress toward combating carbon emissions and revolutionizing the current global energy system.

“We are proud of the work we are doing in Japan, and the strides we are making in democratizing energy across the globe. Especially given the increased effort by leading companies like Sharing Energy to embrace a new era of renewable energy,” said chairman and co-founder of Power Ledger, Dr. Jemma Green. Adding, “this partnership is an exciting example of how our blockchain technology can make visions of implementing scalable, renewable energy solutions a reality for partners and communities worldwide.”

With the proposed cuts to Japan’s feed-in-tariff (FiT) program in November, established in 2012 to incentivize investing in renewable energy, power companies and businesses are embracing a time of energy innovation and renewed interest in renewable energy initiatives. In fact, Power Ledger is already working with the country’s biggest privately-owned electricity retailer Kansai Electric Power Company (KEPCO) to develop a Virtual Power Plant (VPP) model to help address Japan’s challenges with excess solar generation. And in accordance with the Paris Climate Goals, Japan committed to increase renewables and reduce its carbon emissions by 26 percent by 2030.

For this deployment, Power Ledger will initially provide near real-time usage data to Sharing, and from November onwards Sharing will use Power Ledger’s peer-to-peer platform to facilitate trading between sellers and buyers using real-time data from existing smart meters. It will verify the feasibility and scalability of P2P energy trading in Japan and allow Sharing Energy to conduct research on energy transactions via Power Ledger’s blockchain-powered platform.

This will allow Sharing Energy to effectively utilize clean, renewable energy within social systems like apartment buildings, businesses, etc. to promote a better energy system and lower carbon emissions.

“As our country is reevaluating how people and businesses buy and sell energy, we are fortunate to be working with an established leader like Power Ledger,” said Emiko Koga, president of Sharing Energy. “And we look forward to positively impacting the Japanese energy market alongside them and supporting their commitment to provide clean energy that is affordable and available to all.”

This project with Sharing Energy illustrates Power Ledger’s momentum in bringing clean, renewable energy to the world, and comes on the heels of other global partnerships involving P2P trading, such as three deployments in major energy markets in the U.S., and a world-first trial of P2P energy trading across a regulated distribution network in Fremantle, Western Australia, alongside project partners, the government, Curtin & Murdoch Universities, Western Power and Synergy.

About Power Ledger: Power Ledger is the leading blockchain-enabled peer-to-peer marketplace for renewable energy, energy asset financing and carbon markets. The energy trading platform provides a transparent, auditable and automated market trading and clearing mechanism for residential and commercial businesses to decide who they want to sell their surplus energy to and at what price.

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Read more: Power Ledger and Sharing Energy Announce...

PORTLAND, Oregon, January 22, 2019 /PRNewswire/ --

Increase in preference for energy-efficient products among consumers, government subsidy on usage of solar water heaters, and surge in the number of hospitals and hotels drive the growth of the global water heater market 

Allied Market Research published a report, titled, "Water Heater Market by Type (Gas, Instant, Storage, and Solar), Application (Commercial, Residential, and Industrial), and Distribution Channel (Supermarket/Hypermarket, Specialty stores, E-Commerce, and Others): Global Opportunity Analysis and Industry Forecast, 2018-2025." The report provides a detailed analysis of industry dynamics, market size & estimations, major market segments, and competitive landscape. According to the report, the global water heater market accrued $32.60 billion in 2017 and is expected to reach $48.52 billion by 2025, registering a CAGR of 5.1% from 2018 to 2025.

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Increase in inclination toward energy-efficient products, rise in proliferation of hotels & hospitals, and improved infrastructure in rural areas drive the growth of the global water heater market. In addition, government policies to promote use of solar water heaters supplement the market growth. However, surge in prices of conventional energy sources and technical issues and high operational cost hamper the growth of the market. On the other hand, rapid urbanization and government initiatives to adopt renewable systems to reduce carbon emissions would create new opportunities in the market.

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Instant water heater segment to remain dominant throughout forecast period

Instant water heater segment contributed more than half of the total market revenue in 2017 and is expected to remain dominant throughout the forecast period. This is due to its benefits such as cost-effectiveness, efficient utilization of energy, and increased demand for quicker hot water supply. The solar water heater segment is expected to grow at the highest CAGR of 6.8% from 2018 to 2025, owing to availability of government subsidies and incentives for adopting sustainable systems, frequent power outages, economical aspects of using renewable energy sources. The report also analyzes gas and storage water heaters.

Residential segment to remain lucrative through 2025

Residential segment held the largest share in 2017, accounting for nearly half of the total market revenue. This segment is expected to register the highest CAGR of 5.8% from 2018 to 2025 due to surge in housing sector and introduction of advanced features such as digital display, timers, power-off memory, heat pumps and condensing gas-fired systems among others. The report also analyzed commercial and industrial applications.

Specialty stores segment to retain lead through 2025

Specialty stores segment contributed more than one-third of the total market revenue in 2017 and is expected to maintain its lead by 2025. This is on account of the availability of wide range of products under one roof, skilled personnel to assist in purchase, and lack of trust on online shopping platforms for purchasing large appliances. However, e-commerce is expected to register the highest CAGR of 6.9% from 2018 to 2025, owing to the growing penetration of internet, availability of discounts and schemes, and changing shopping behavior among the populace. The report also analyzes supermarket/hypermarket and other distribution channels.

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North America to maintain its lion's share throughput forecast period

The water heater market in North America accounted for more than one-third of the global market revenue in 2017. It is expected to retain its dominance during the forecast period, owing to cold climatic conditions of the region, rise in demand for energy efficient systems, initiatives by government to reduce carbon footprint, and surge in focus on tourism and hospitality sectors. However, Asia-Pacific is expected to grow at the highest CAGR of 7.1% from 2018 to 2025, owing to the provision of government subsidy on solar-based systems, technological advancements in products, and increase in spending capacity in the region.

Frontrunners of the industry

The key players analyzed in the report include Ariston Thermo SPA, A. O. Smith Corporation, Bradford White Corporation, Bajaj Electricals Limited, Noritz Corp., Haier Electronics Group Co., Ltd., Rinnai Corporation, Rheem Manufacturing Company, Robert Bosch GmbH, and Venus Home Appliances Pvt. Ltd. Product launch has been the major strategy adopted by market players to gain a stronghold in the industry.

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Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas. 

Similar Reports: 

Water Soluble Polymer Market - Global Opportunity Analysis and Industry Forecast, 2018 - 2025

Water Purifier Market - Global Opportunity Analysis and Industry Forecast, 2015 - 2022

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Read more: Water Heater Market to Reach $48.52 Billion,...

Presented by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, representatives from We Care Solar accepted the award before an audience of esteemed international dignitaries and thousands of guests in attendance.

With child mortality and women's health being two significant issues in developing countries, the winning solution in this year's Zayed Sustainability Prize was We Care Solar's "Solar Suitcase." Currently being used in 3,325 medical facilities, in 27 African countries; these devices have already been used to assist medical professionals in over 1.8 million deliveries.

The obstetric Solar Suitcase has made an impact on the health and safety outcomes of millions of women and children and this can be from something as simple as a device that offers: medical quality lighting, fetal monitors, solar panels, and other capabilities. We Care Solar has committed to use the prize funds to deepen its presence in Africa and to establish a regional center.

Laura Stachel, Executive Director and Co-Founder of We Care Solar, said: "We are grateful to the Zayed Sustainability Prize for sharing our vision that solar and sustainable energy technologies provide safe, reliable, and affordable solutions to the global challenge of maternal and newborn mortality. We look forward to working in partnership with this community to bring clean, sustainable energy to safe motherhood programmes around the world."

About the Zayed Sustainability Prize

Established by the UAE leadership in 2008 as the Zayed Future Energy Prize, the Zayed Sustainability Prize is a global award inspired by the sustainability vision and legacy of the UAE's founding father, Sheikh Zayed bin Sultan Al Nahyan. The Zayed Sustainability Prize categories are Health, Food, Energy, Water and Global High Schools

For more information, please visit

SOURCE Zayed Sustainability Prize

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