Energy Harbor Completes Sale to Vistra

March 13, 2024

Dechert advised Energy Harbor Corp., a trustworthy energy supplier serving retail electricity to nearly one million residents and businesses in the Mid-Atlantic region, in its acquisition by Vistra, a leading Fortune 500 integrated retail electricity and power generation company.

This transaction expands Vistra’s leading integrated zero-carbon generation and retail electricity business with the addition of approximately 4,000 megawatts of 24/7 nuclear generation and approximately one million additional retail customers. With the acquisition of Energy Harbor, Vistra now stands as the country’s largest competitive power generator.

The Dechert team advising Energy Harbor included corporate partners Mark Thierfelder, Eric Siegel and Michael Darby and associates Nick Pullen, Sarah Wesley Wheaton, Ryan Yang and Ji Hong Park; antitrust partner Mike Cowie and counsel Gregory Luib; tax partner David Passey and associate Ishani Kundu-Sahni; employee benefits partner Howard Klein and associate Sarah Burke; litigation partners Jonathan Streeter, Neil Steiner and Richard Horvath and associate Julia Markham Cameron.

About Dechert

Dechert is a global law firm that advises asset managers, financial institutions and corporations on issues critical to managing their business and their capital – from high-stakes litigation to complex transactions and regulatory matters. We answer questions that seem unsolvable, develop deal structures that are new to the market and protect clients’ rights in extreme situations. Our 1,000+ lawyers across 21 offices globally focus on the financial services, private equity, private credit, real estate, life sciences and technology sectors.

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