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Vistra Reports Second Quarter 2021 Financial and Operating Results
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Vistra corp (VST) Q2 2021 Earnings Call Transcript
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Vistra to close Ohio coal plant 5 years early
Vistra Corp. headquarters in Irving, Texas
Vernon Bryant/The Dallas Morning News/TNS
Vistra, the largest power supplier in Texas, is accelerating its move away from coal with an earlier-than-expected closure of an Ohio power plant.
The Irving-based power generator said Monday that it will close the Zimmer Power Plant in Moscow, Ohio, by mid-2022, years earlier than the previously reported plant retirement deadline of 2027. The closure comes after the coal plant failed to gain any capacity revenues in the latest auction held in May by regional grid operator PJM, which serves parts of the Northeast, Midwest and Mid-Atlantic.
The village of Moscow, Ohio, population 185, sits along U.S. 52 about 18 miles from the Interstate 275 outer belt around Cincinnati. Standing at the post office parking lot and looking toward the skate park, you canât miss the William H. Zimmer power plant. Its single smokestack and its cooling tower dominate the landscape there at Moscow.
The plant has been in operation since 1991, making it one of the newer coal-burning power plants in this part of the Ohio Valley, if not the newest. It originally was to have been a nuclear power plant, but construction problems led its developer to build a coal-burning plant instead.
Zimmer coal-fired plant to close next May
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