Vis­tra En­ergy and Dyn­egy will com­bine in all-stock deal

The Arizona Republic - - Business -

Vis­tra En­ergy and Dyn­egy will join in an all-stock deal to cre­ate a power com­pany with 2.7 mil­lion res­i­den­tial and 240,000 in­dus­trial cus­tomers.

Dyn­egy, of Hous­ton, has 1.2 mil­lion cus­tomers and em­ploys 2,400 peo­ple. Vis­tra has about 4,500 em­ploy­ees and op­er­ates Lu­mi­nant and TXU En­ergy, which sells elec­tric­ity to about 1.7 mil­lion cus­tomers in Texas.

The com­pany will have a mar­ket cap­i­tal­iza­tion of more than $10 bil­lion.

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