Vistra Energy Corp. (VST) saw its shares plummet by 6.96% during intraday trading on Friday, reflecting investor concerns over potential disruptions to the company's revenue streams.
The decline follows reports that the Trump administration is set to introduce measures aimed at curbing power prices and shifting data center power costs to tech companies. An emergency auction for PJM Interconnection, the largest U.S. power grid operator, is expected to allow tech giants to bid on long-term contracts for new power plants. This policy shift could significantly alter the traditional business model for power companies like Vistra.
Analysts note that the move aligns with broader efforts to reduce electricity costs for consumers, which may further pressure margins for energy providers. The announcement is anticipated to be signed later today, with several state governors in attendance.
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