Vistra Donates More Than $250,000 to Food Banks as Pandemic's Hunger Crisis Deepens
IRVING, Texas, October 7, 2020 /3BL Media/ - Vistra (NYSE: VST) today announced the culmination of company-wide involvement in Hunger Action Month, resulting in more than $250,000 in donations to food banks in communities where it operates. The company understands that the number of Americans experiencing hunger continues to surge with the ongoing pandemic. This grim reality is confirmed by new research from Northwestern University, which says food insecurity has now doubled from before the pandemic.
“In the span of just six months, we’ve seen families hit hard by the economic blows of COVID-19, leaving many to rely on community food banks for their next meal,” said Curt Morgan, president and CEO of Vistra. “During this time, our company is committed to being part of the solution. Vistra is proud to partner with the food banks that are working tirelessly, and under increased pressure, to meet unprecedented need in our communties.”
“Nearly 50% of clients we’ve served since the pandemic struck had never used a food bank before, and never thought they would,” said Stephen J.C. Raeside, executive vice president of development at the Tarrant Area Food Bank. “Vistra’s sustained partnership through this unprecedented period has been crucial in helping us scale up to meet soaring need.”
This September, Vistra distributed more than $250,000 in Hunger Action Month donations through its family of brands in the communities where the company operates and serves customers:
- TXU Energy: $100,000 is directly supporting nearly a dozen food banks across Texas, including the North Texas Food Bank, Tarrant Area Food Bank, and Houston Food Bank
- Dynegy: $105,000 is supporting the Greater Chicago Food Depository, five food banks in Ohio, and food banks across Pennsylvania
- Homefield Energy: $20,000 is supporting food banks working to meet demand in central and southern Illinois communities
- Ambit Energy: Ambit Cares, Ambit Energy’s nonprofit organization dedicated to fighting hunger, set a new fundraising event record by raising more than $32,000 for Feeding America® as part of national Hunger Action Month during the company’s annual conference, AMBITION 2020
In total, 25 food banks and non-profits received funding through Vistra’s commitment to Hunger Action Month and its pledge to support the communities it serves during the ongoing pandemic.
Vistra (NYSE: VST) is a premier, integrated, Fortune 275 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 wholesale 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 natural 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, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, the company is a large purchaser of wind power. The company is currently constructing a 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, which will be the largest of its kind in the world when it comes online. 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 stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about our environmental, social, and governance efforts and read the company's sustainability report at https://www.vistracorp.com/sustainability/.