Houston August 2018 Luncheon
"The Dynegy/Vistra Merger – How It Happened and the Current Status"
In October, Vistra Energy announced their plans to acquire Dynegy Corporation in a $1.7 billion dollar all-stock merger with the goal of creating the leading integrated power company in several markets in the United States. Join us as Jim Burke, Executive Vice President & Chief Operating Officer for Vistra, gives us an update on how the deal developed as well as the current status, challenges, and timeline for the merger.
About the Speaker
As executive vice president and chief operating officer of Vistra Energy, Jim Burke has overall responsibility for running the day-to-day operations of Vistra Energy, including fossil generation and mining, nuclear generation, wholesale operations, retail and supply chain.
Burke previously served as chairman and CEO of TXU Energy, the leading competitive retailer in Texas and a subsidiary of Vistra Energy and its predecessor company, Energy Future Holdings. Burke led TXU Energy from August 2005 to October 2016 after joining in late 2004 as senior vice president of TXU Energy’s residential markets.
Burke has worked in the retail electric market since 2001 in both the residential and commercial segments. Prior to joining TXU Energy, Burke was president and chief operating officer of Gexa Energy, a Houston-based retailer that was subsequently acquired by FPL in 2005. Prior to Gexa Energy, Burke was vice president of residential marketing then senior vice president of consumer operations with Reliant Energy.
Prior to his experience in competitive electricity markets, Burke worked at The Coca-Cola Company for six years, both domestically in the juice division of The Minute Maid Company and internationally in the expansion of the juice business through Coca-Cola Bottlers in Latin America, South Africa and Hong Kong. Prior to Coca-Cola, he was a management consultant for Deloitte & Touche Consulting.
Outside of his responsibilities at Vistra Energy, Burke serves as chairman of the board of Marucci Sports, on the board of directors of EPRI and on the board of trustees of the Catholic Foundation. He is also a board member of United Way Foundation of Metropolitan Dallas and an advisory board member for the Tulane University Energy Institute.
Burke is a graduate of Tulane University, earning a bachelor’s degree in economics and a master’s of business administration in finance and general management. He is a licensed certified public accountant and has also earned the designation as a chartered financial analyst.