Reiterating his previously reported views shared on a March earnings call, Vistra Energy CEO Curt Morgan again said yesterday that any new build of thermal generation in ERCOT is, "inexplicable."

"As we expressed on the March 30 earnings call any new thermal resource development is inexplicable in our view. Recent new builds in ERCOT have filed for bankruptcy in the last several months further buttressing our view that the new build economics are not justified in the current market environment," Morgan said

"We continue to believe some of this irrational new investment will not be completed in which case we should start to see tightening in the ERCOT market in future years," Morgan said

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Texas   ERCOT   Vistra Energy  

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