DALLAS, Nov. 14, 2016 /PRNewswire/ -- Vistra Energy, the parent company for TXU Energy and Luminant, today announced that Molly Sorg has joined the company as vice president of investor relations. In this capacity, Ms. Sorg assumes responsibility for all aspects of the company's investor relations program, including a role as the principal contact with the investment community.
Curt Morgan, Vistra Energy's chief executive officer, commented, "Molly's unique and diversified background, including her prior experience providing tax and investor relations support to TXU Energy and Luminant, will serve as a valuable foundation as she leads our communications efforts with the broader investment community. Her skills will provide tremendous value to Vistra Energy as we refine our value proposition and prepare in earnest for our responsibilities and commitments as a stand-alone, publicly traded entity. We are delighted to welcome Molly to the team, and we look forward to her leadership role advancing our investment value and overall potential."
Ms. Sorg brings a diverse combination of industry and functional experience to her role, including an earlier stint as director of investor relations at Vistra Energy's predecessor company, Energy Future Holdings. Most recently, she served as assistant general counsel at Hunt Utility Services, where she supported a development team on efforts to commercialize new transmission projects in Arizona and New Mexico. She has also served in a business development capacity at Indiana University Health and as an associate at two global law firms, Vinson & Elkins, LLP and Skadden, Arps, Slate, Meagher & Flom, LLP.
Ms. Sorg earned a Bachelor of Science in accounting and finance from Indiana University's Kelley School of Business in 2003 and a Juris Doctor from the Northwestern University Pritzker School of Law in 2008.
About Vistra Energy
Vistra Energy is a premier Texas-based energy company focused on the competitive energy and power generation markets through operation as the largest retailer of electricity and generator in the growing Texas market. Our integrated portfolio of competitive businesses consists primarily of TXU Energy and Luminant. TXU Energy sells retail electricity and value-added services (primarily through our market-leading TXU Energy™ brand) to approximately 1.7 million residential and business customers in Texas. Luminant generates and sells electricity and related products from our diverse fleet of generation facilities totaling approximately 17,000 MW of generation in Texas, including 2,300 MW fueled by nuclear power, 8,000 MW fueled by coal and 6,000 MW fueled by natural gas, and is a large purchaser of wind-generated electricity.
Cautionary Note Regarding Forward-Looking Statements
This press release includes forward-looking statements, which are subject to risks and uncertainties. All statements, other than statements of historical facts, are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "will likely result," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "project," "forecast," "goal," "target," "would" and "outlook," or the negative variations of those words or other comparable words of a future or forward-looking nature. Readers are cautioned not to place undue reliance on forward-looking statements. Any such forward-looking statement involves uncertainties and is qualified in its entirety by reference to the discussion of risk factors under "Risk Factors" and the discussion under "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed by Energy Future Competitive Holdings Company LLC and other important factors that could cause actual results to differ materially from those implied by such forward-looking statements, including changes in the Texas energy market; economic, regulatory and environmental conditions; and any strategies the company employs to pursue growth opportunities in any particular market.
Any forward-looking statement speaks only at the date on which it is made, and except as may be required by law, Vistra Energy undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible to predict all of them; nor can Vistra Energy assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement.
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SOURCE Vistra Energy