[DEVELOPING] Vistra slides ~3% as FERC action pushes PJM's reliability-backstop capacity procurement into 2027
Vistra fell about 3% on Sep 30 after a FERC order on PJM's capacity-market filing delayed implementation of the reliability-backstop procurement, with reports citing a roughly five-month hold and a 2027 start (Investing.com; Yahoo Finance; GuruFocus). The delay defers one channel through which data-center load was expected to translate into contracted generation revenue for independent power producers in PJM. Constellation and grid-contractor names trade on the same mechanism; Vistra reports Q3 on Nov 6.