Dechert Represents Energy Harbor in Proposed Acquisition by Vistra

Dechert LLP is advising Energy Harbor Corp. in its proposed acquisition by Vistra Corp., pursuant to which Energy Harbor will merge with and into a newly-formed subsidiary of Vistra. The transaction will combine Energy Harbor's nuclear and retail businesses with Vistra's nuclear and retail businesses and Vistra Zero renewables and storage projects under a newly-formed subsidiary holding company, referred to generally as "Vistra Vision." The agreement has been approved by both companies' boards of directors and is anticipated to close in the second half of 2023, subject to certain conditions, including regulatory approvals.

Energy Harbor is a highly reliable provider of carbon free baseload electricity committed to environmental, social and governance (ESG) principles critical to meeting the nation's emissions goals and accelerating the country's clean energy transition.

Vistra is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities.

The Dechert team advising Energy Harbor in this transaction includes corporate partners Mark Thierfelder, Eric Siegel, Michael Darby, Bernardo Piereck, Sarah Kupferman, Ani Ravi and Stephen Pratt, counsel Nate Klein and associates Eugene Cheval, Ryan Yang, Joshua Kim, Veronica Casellas Santana, Yashasvi Tripathi, Nicholas Pullen, Ji Hong Park, Sarah Wheaton, Philip Treesh, Adam Schmelzer, Devyn Kurpis, Patrick Sun, Anthony Rydelek, Emad Maghsoudi, Rachel Davies, Beyond Bi and D’Juan Neal; tax partners David Passey and Kevin Zaragoza, and associates Ishani Kundu-Sahni and Abigail Hopper; environmental partner Abbi Cohen; employee benefits partner Howard Klein and associate Manleen Singh; litigation partners Jonathan Streeter, Neil Steiner and Richard Horvath, and associates Bina Peltz and Bailey Dervishi; antitrust partner Michael Cowie; financial restructuring partner Allan Brilliant and counsel Stephen Wolpert; real estate counsel Francois Quintard-Morenas; labor counsel Jeffrey Rubin; and intellectual property partner Thomas Rayski and associate Spencer Joffrion.

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Dechert is a leading global law firm with 21 offices around the world. The firm advises on matters and transactions of the greatest complexity, bringing energy, creativity, and efficient management of legal issues to deliver commercial and practical advice for clients.