Burke表示选举结果不改变Vistra的基本判断，公司对AI建设的规划本就偏保守。
需要说明的是，在选举之前节奏就已受到影响，但我们的计划对AI建设一直持较为保守的看法。简单说，选举结果不会改变我们对Vistra所拥有机会的基本判断，团队已准备好继续执行。原文 (en)
To be clear, the pacing was already being impacted ahead of the election, but our plans have always had a more conservative view of the AI build-out. Stated more simply, the election results do not change our fundamental view of the opportunities Vistra has, and our team is prepared to continue executing.
Burke称并网队列因开发商投机而被夸大，政策制定者正在寻求长期解决方案。
正如我们一直所说，全国尤其是ERCOT的负荷并网队列被夸大了，源于开发商为保留选择权而进行的投机。一些社区居民对拟议开发活动的规模感到担忧，这是可以理解的，政策制定者正在研究长期解决方案。原文 (en)
As we've said for some time, load interconnect queues were overstated across the country and especially in ERCOT, driven by speculation from developers who are keeping options open to see where progress can be made. Residents in some communities are understandably concerned about the level of proposed development activity and policymakers are working on longer-term solutions.
Burke主张通过更高保证金、照付不议、设备确定性和终端客户协议来筛选并网项目。
提高这些项目的门槛有助于识别真正可能推进的项目，包括提高并网申请的保证金要求、对增量输电费用做出照付不议承诺、设备可见性以及与终端客户的协议。原文 (en)
raising the bar on these projects can go a long way towards identifying the ones that are likely to move forward. This includes higher collateral requirements for interconnect requests, committing the take-or-pay agreement for the incremental wires charges, line of sight to equipment and an agreement with an end-use customer.
Burke维持到2030年ERCOT增长4-6%、PJM增长2-3%的判断，并称灵活燃气仍是最便宜最快的新增电源。
我们仍预计到2030年ERCOT负荷增长4%至6%，PJM为2%至3%。Vistra庞大多元的机组组合完全有能力满足这一增长。我们灵活的联合循环燃气电厂和快速启动调峰电厂可以更高利用率运行，这仍是最便宜、最快的新增发电来源。原文 (en)
We still see load growth of 4% to 6% in ERCOT and 2% to 3% in PJM through 2030. Vistra with its large diversified fleet is well equipped to meet this growth. Our flexible combined cycle gas plants and quick-start peaking plants can operate at higher utilizations and that remains the cheapest and quickest source of incremental generation.
Burke看好可调度、灵活的联合循环机组，称随着可再生渗透率提高其利用率上升。
我们认为随着全国可再生能源渗透率提高，这些资产被调用得更多。附录中可见我们机组的联合循环容量因子在第三季度均高于往年。所以我们一直看好可调度电源和灵活性。原文 (en)
We think as renewable penetration continues throughout the country, you're seeing these assets get called on more. And you see that even in the appendix where you look at the CCGT capacity factors across our fleet, they're all up in Q3 relative to prior years. So we've been bullish on dispatchable. We've been bullish on flexibility.
Burke称2030年展望未假设电价回升，ERCOT近期价格取决于负荷接入速度。
我们没有对电价回升做任何假设。它反映的是对冲组合中所见的远期曲线，并基于公开信息向前推演。近期关键在于德州能否重新加快负荷接入。原文 (en)
We are not making any assumptions about power price recoveries. It reflects the curves as you see them as noted in our hedge profiles and just kind of stepping that forward based off public available information. Now we think the near term on this is really going to be function of how does Texas get back into gear in terms of hooking up load.