Vistra stated that it had made approximately $25.9 million in previous payments with respect to the rights of the tax collection agreement. About VistraVistra (NYSE: VST) is a leading integrated power and power generation company based in Irving, Texas, that provides significant resources to customers, commerce and communities. Vistra combines an innovative customer-focused approach to retail and safe, reliable, diversified and efficient electricity generation. The company markets its products and services in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the United States and markets in Canada and Japan. Vistra serves nearly 5 million private, commercial and industrial electricity and natural gas customers and offers more than 50 renewable energy plans. The company is also the largest competitive electricity producer in the United States, with a capacity of approximately 39,000 megawatts, powered by a diversified portfolio, including natural gas, atom, solar and battery batteries. In addition, the company is a large customer of wind energy. The company is currently building a 400 MW/1600 MWh battery energy storage system in Moss Landing, California, which will be the largest in the world when it is released online. Vistra is based on four fundamental principles: we do business the right way, we work as a team, we compete for victory, and we take care of our stakeholders, including our customers, our communities in which we work and live, our employees and our investors. Learn more about our environmental, social and governance efforts and read the company`s sustainability report on www.vistracorp.com/sustainability/.
Under the agreement, holders have advantageous shares in certain payments related to the cumulative tax benefits that will be made by the company after a November 15 notification. Vistra Energy Corp. makes an annual tax payment of approximately US$16.3 million to rights holders as part of a tax collection agreement of October 3, 2016. “Adjusted EBITDA” (EBITDA adjusted for unrealized earnings or losses from security activities, Impact on tax receivables, reorganization items and certain other items described from time to time in Vistra Energy`s earnings releases, “Adjusted Free Cash Flow before Growth” (or “Adjusted FCFBG”) (Cash from Operating Activities excluding changes in margin deposits and working capital and adjusted for capital expenuresdits (including capital expenditures for growth investments, Other Net Investment Activities, preferred dividends and other items described from time to time in Vistra Energy`s earnings releases, “Ongoing Operations Adjusted EBITDA” and “Ongoing Operations Adjusted Free Cash Flow before Growth” or “Ongoing Operations Adjusted FCFBG” (Ongoing Operations Adjusted FCFBG) (Adjusted Free Cashflow before growth minus current business growth). A non-GAAP financial indicator is a numerical measure of financial performance that excludes or includes amounts that differ from the most directly comparable ratio calculated and presented in Vistra Energy`s consolidated financial statements, overall income, changes in shareholders` equity and cash flows, in accordance with GAAP. Non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable measures of GAAP. Vistra Energy`s non-GAAP financial measures may differ from non-GAAP financial measures taken by other entities. Vistra, which is already developing the world`s largest battery energy storage project, the 400 MW/1,600 MWh Moss Landing Energy Storage Facility in California, announced today that there was a pickaxe for six new solar projects and a battery storage project.