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Vistra has 4.5 GW of capacity additions recently completed or in process — including gas and nuclear uprates, coal-to-gas conversions, and new gas and renewables projects — as the company projects steady load growth in both the PJM interconnection and the Electric Reliability Council of Texas territories.
“In ERCOT, we believe annual load growth of at least 5% to 6% through 2030 is reasonable, and in PJM, 2% to 3% annual load growth appears likely to persist,” Vistra’s president and CEO, Jim Burke, said on a May 7 first quarter earnings call.
Burke added that “while these views remain below many third-party forecasts and ISO projections, they reflect what we believe to be the pace of physical development and are consistent with the perspective we shared nearly two years ago on our first quarter 2024 earnings call.”
“I think there is a wide disparity in view out there because I think the market had a view that it was gonna compound a lot faster than this,” he said. “We did not. We actually have said the physical world takes much longer to develop than what people might imagine it takes, and we think that’s playing out.”
