Harbor natural gas energy storage equipment

Why should you choose energy Harbor?

We supply clean, carbon-free energy, and supply homes, businesses and communities with reliable energy products and services. Energy Harbor's fixed-rate plans offer more energy choices, long-term price protection, and could lower your rate when compared to your local utility. Learn more about us.

Does energy Harbor offer a fixed rate plan?

Energy Harbor's fixed-rate plans offer more energy choices, long-term price protection, and could lower your rate when compared to your local utility. Learn more about us. Energy Harbor is a trustworthy energy supplier serving retail electricity to nearly one million residents and businesses in the Mid-Atlantic region.

Does Vistra own energy Harbor?

Vistra will form a new subsidiary holding company, referred to generally as Vistra Vision, which will own all of Vistra's nuclear and retail businesses, as well as Vistra Zero assets. At closing of the transaction, Energy Harbor will merge with and into a subsidiary of Vistra, thereby becoming a wholly owned subsidiary of Vistra Vision.

How long will energy Harbor's senior leadership stay with the company?

The Energy Harbor senior leadership is expected to remain with that company through at least the closing of the transaction. The combined company will be headquartered in Irving, Texas, with retail offices in Texas, Ohio, Pennsylvania, and Illinois. The companies anticipate closing the transaction in the second half of 2023.

Who are energy Harbor's financial advisors?

Goldman Sachs & Co. LLC and RBC Capital Markets, LLC are serving as financial advisors, Dechert LLP is serving as corporate legal counsel, and Morgan, Lewis & Bockius LLP is serving as regulatory counsel to Energy Harbor.

What happens to energy Harbor shareholders at closing?

Most Energy Harbor shareholders will receive cash at closing, and the two largest shareholders, Avenue Capital Group and Nuveen, will receive a combination of cash and the 15% ownership interest. In addition, Vistra Vision will assume ~$430 million of net debt from Energy Harbor in the transaction.