Vistra Energy issued the following announcement on March 26.
Vistra Energy (NYSE: VST) announced that it is donating $2 million to non-profits and social service agencies, providing direct relief for people with critical needs resulting from the COVID-19 pandemic in the communities it serves. The company recognizes the financial hardship inflicted on millions of Americans in the span of mere weeks. Aside from the stark health impacts, the COVID-19 outbreak has led to a reduction in income for some and job loss for others, making the most essential purchases, like food and electricity, difficult to afford.
"All of us at Vistra are heartbroken to hear how lives have been upended by this pandemic disaster," said Curt Morgan, president and chief executive officer of Vistra. "Many of our neighbors were already dealing with difficult financial circumstances, now made much worse by COVID-19. We want to make sure as many people as possible have access to the things they need most."
Vistra's donation recipients for COVID-19 relief efforts in communities across the country include:
- TXU Energy Aid: The company's signature program is also one of the largest bill-payment assistance programs in the United States. It is funded by donations from employees, customers, and corporate contributions, and distributed through social service agencies across Texas.
- Ambit Cares: The philanthropic program works to change the lives of those in need by fighting hunger. Ambit Cares is funded by employees, customers, and corporate contributions, and is a Supporting Partner of Feeding America®, the nation's largest organization dedicated to fighting domestic hunger through a network of more than 200 food banks and 60,000 food pantries and meal programs.
- United Way: Vistra has a longstanding partnership with United Way, particularly with United Way of Metropolitan Dallas, through the company's annual giving campaign, with donations from employees and a corporate matching program, as well as numerous volunteer events throughout the year. The Covid-19 Community Response and Recovery Fund supports community-based organizations assisting those who have been hit hardest, and bolsters 211, the go-to information resource in times of crisis.
- Numerous partner agencies, food banks, and food pantries: Vistra is supporting organizations in the communities around our Luminant power plants and across the states where Vistra does business through its retail brands – Dynegy, Homefield Energy, USG&E, and Public Power.
"We've always been committed to helping those in need. Doing business the right way is woven into the fabric of who we are as a company," Morgan continued. "We genuinely care about our customers and the communities in which we live and work, and we're determined to deliver meaningful assistance to those who need it most."
About Vistra Energy
Vistra Energy (NYSE: VST) is a premier, integrated, Fortune 350 energy company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive markets in the U.S. and markets in Canada and Japan, as well. Serving nearly 5 million residential, commercial, and industrial retail customers with electricity and gas, Vistra is the largest competitive residential electricity provider in the country and offers over 40 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio of natural gas, nuclear, coal, solar, and battery energy storage facilities. In addition, the company is a large purchaser of wind power. The company is currently developing the largest battery storage system of its kind in the world – a 300-MW/1,200-MWh system in Moss Landing, California. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our people, our neighbors, and our stakeholders. Learn more about Vistra's environmental, social, and governance efforts and read the company's sustainability report at https://www.vistraenergy.com/sustainability/.
Original source can be found here.
Alerts Sign-up