VST · 10-Q · 2026Q3 · Full report
Generation Retirement and Repowering
Vistra Corp. · 2026-11-09 · Importance 52 · Surprise 42 · In source text
Vistra lists 3,928 MW of coal capacity with announced retirement dates: Baldwin and Kincaid by mid-to-end 2027, and Miami Fort by early 2028; Newton is also expected to retire by the end of 2027. Retirement timing may change if economic or other conditions require continued operation for grid reliability. Coleto Creek retired as a coal facility in September 2026 and is being repowered to gas, with completion estimated for December 2026. Vistra intends to repower Miami Fort to gas after coal retirement and is evaluating gas repowering for the other coal facilities scheduled to retire in 2027.
Key facts
- Vistra plans to repower the retired coal-fueled Coleto Creek plant as a natural gas-fueled plant with up to 600 MW of capacity. source
- Vistra Corp. expects to retire the Baldwin coal facility by the end of 2027; it is a 1,185 MW facility in Baldwin, Illinois, in MISO and the East segment. source
- Vistra Corp. expects to retire the Kincaid coal facility by the middle of 2027; it is a 1,108 MW facility in Kincaid, Illinois, in PJM and the East segment. source
- Vistra Corp. expects to retire the Miami Fort coal facility by early 2028; it is a 1,020 MW facility in North Bend, Ohio, in PJM and the East segment. source
- Vistra Corp. retired Coleto Creek as a coal-fueled facility in September 2026 and is repowering it as a gas-fueled facility, with estimated completion in December 2026. source
- Vistra completed the sale of its Casco Bay, Beaver Falls, and Syracuse natural gas generation facilities on October 8, 2026. source
- Vistra Corp. intends to repower Miami Fort as a gas-fueled facility after its retirement as a coal-fueled facility. source
- The Moss Landing battery facilities were transferred to Vistra Corp.'s Asset Closure segment during the first quarter of 2025 and the fourth quarter of 2025, respectively, because Vistra does not plan to return those assets to operations. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | contingent | — | Vistra plans to repower the retired coal-fueled Coleto Creek plant as a natural gas-fueled plant with up to 600 MW of capacity. |
| revenue | negative | probable | — | Vistra Corp. expects to retire the Baldwin coal facility by the end of 2027; it is a 1,185 MW facility in Baldwin, Illinois, in MISO and… |
| revenue | negative | probable | — | Vistra Corp. expects to retire the Kincaid coal facility by the middle of 2027; it is a 1,108 MW facility in Kincaid, Illinois, in PJM and… |
| revenue | negative | probable | — | Vistra Corp. expects to retire the Miami Fort coal facility by early 2028; it is a 1,020 MW facility in North Bend, Ohio, in PJM and the… |