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Stock impact report

Texas Attempt to Kickstart New Gas-Fired Power Is Stumbling [Yahoo! Finance]

Vistra Corp. (VST) 
Last vistra corp. earnings: 5/3 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
facilities drop out, threatening the state's efforts to meet growing electricity demand. Most Read from Bloomberg Housing Agency Aims to Relocate Its DC Headquarters Metro-North Is Faster Than Acela on NYC-New Haven Route After Signal Updates Local Governments Vie for Fired Federal Workers What Would ‘Transportation Abundance' Look Like? London Clears Final Hurdle for More High-Speed Trains to Europe Together, the projects that have left the program could have generated 4.6 gigawatts of electricity — enough for about a million Texas homes. Developers say that even with low-interest loans from the state, their projects no longer pencil out due to cost uncertainties and problems procuring equipment. Some have also faulted the program's strict deadlines and terms. The fund was touted by lawmakers as a way to jumpstart gas-plant development at a time when cheap solar and wind power have cut into the state's wholesale electricity prices, reducing the potential profits for n Show less Read more
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