Texas energy company will pay $3.4B to buy Ohio, Pennsylvania nuclear power plants

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An energy company based in Texas will pay $3.4 billion to buy a nuclear power plant in Pennsylvania and another in northern Ohio. Energy Harbor is in the middle of a federal corruption case.

federal corruption case

, a company that owns nuclear plants in Pennsylvania and northern Ohio will be sold for more than $3.4 billion to an Irving, Texas-based company. Under the deal announced Monday, Ohio-based Energy Harbor will become part of a newly formed Vistra subsidiary called Vistra Vision. Both companies’ boards of directors have approved the deal and a majority ofVistra will not be buying Energy Harbor’s two coal plants along the Ohio River, according to the release.

 

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