Vistra has now received approval from the Federal Energy Regulatory Commission (FERC) to acquire Energy Harbor.

Vistra originally announced the $3.4 billion purchase last March. It includes a 4,000 MW nuclear generation fleet and retail business of nearly 1 million customers.

Vistra will now operate the second-largest non-regulated nuclear fleet in the country, with four plants totaling more than 6,400 MW across ERCOT and PJM. Three of those plants – Beaver Valley, Davis-Besse and Perry – would come from the Energy Harbor transaction.

FERC’s approval, which was received Feb. 16, was the last regulatory approval needed for the companies to close the transaction.

Vistra anticipates closing in the coming weeks.

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