Vistra Corp
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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6. Property, Plant, and Equipment
- PROPERTY, PLANT, AND EQUIPMENT
Our property, plant, and equipment consist of our power generation assets, related mining assets, land, information systems hardware, capitalized corporate office lease space, and other leasehold improvements. Land and construction work in progress are not depreciated.
| March 31,2025 | December 31,2024 | |
|---|---|---|
| (in millions) | ||
| Power generation and structures | $22,303 | $22,783 |
| Office and other equipment | 172 | 160 |
| Land | 603 | 603 |
| Construction work in progress | 1,394 | 1,060 |
| Finance lease right-of-use assets | 186 | 186 |
| Nuclear fuel | 2,032 | 1,843 |
| Property, plant and equipment — gross | 26,690 | 26,635 |
| Less accumulated depreciation | (8,415) | (8,020) |
| Less finance lease right-of-use assets accumulated amortization | (35) | (33) |
| Less accumulated amortization on nuclear fuel | (524) | (409) |
| Property, plant and equipment — net | $17,716 | $18,173 |
Depreciation and amortization of property, plant, and equipment (including the classification in the condensed consolidated statements of operations) consisted of the following:
| Property, Plant, and Equipment · Condensed Consolidated Statements of Operations · Three Months Ended March 31, | |||||
|---|---|---|---|---|---|
| 2025 · 2024 | |||||
| (in millions) | |||||
| Power generation and structures and office and other equipment | Depreciation and amortization | $479 | $365 | ||
| Finance lease right-of-use assets | Depreciation and amortization | 2 | 2 | ||
| Nuclear fuel | Fuel, purchased power costs, and delivery fees | 111 | 49 | ||
| Total property, plant, and equipment expense | $592 | $416 | |||
Retirement of Generation Facilities
Below are our facilities that are retired or have an announced retirement date. Operating results for generation facilities with defined retirement dates are included in our Asset Closure segment at the beginning of the calendar year the retirement is expected to occur. The Moss Landing 300 facility was transferred to the Asset Closure segment during the first quarter of 2025 as we do not plan to return the asset to operations. See Note 1 for additional information.
| Facility | Location | ISO/RTO | Fuel Type | Net Capacity (MW) | Expected or Actual Retirement Date (a) | Segment |
|---|---|---|---|---|---|---|
| Baldwin | Baldwin, IL | MISO | Coal | 1,185 | By the end of 2027 | East |
| Coleto Creek (b) | Goliad, TX | ERCOT | Coal | 650 | By the end of 2027 | Texas |
| Kincaid | Kincaid, IL | PJM | Coal | 1,108 | By the end of 2027 | East |
| Miami Fort | North Bend, OH | PJM | Coal | 1,020 | By the end of 2027 | East |
| Newton | Newton, IL | MISO | Coal | 615 | By the end of 2027 | East |
| Edwards | Bartonville, IL | MISO | Coal | 585 | Retired January 1, 2023 | Asset Closure |
| Total | 5,163 | |||||
(a)Generation facilities may retire earlier than expected dates disclosed if economic or other conditions dictate.
(b)The Company intends to repower Coleto Creek as a gas-fueled facility upon its retirement as a coal-fueled facility.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.