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Priority Power Appoints Stefaan Sercu as Chief Executive Officer

The Woodlands, Texas (March 18, 2026)— Priority Power, a leading and innovative energy management services, procurement and energy infrastructure development firm, today announced that Stefaan Sercu has been appointed Chief Executive Officer, effective immediately. He succeeds Brandon Schwertner, who led the company through a period of important growth and strategic development. Sercu will guide Priority Power through its next phase of expansion, building on the company’s strong foundation and continued focus on delivering innovative energy solutions for its customers. Sercu recently joined Priority Power’s Board of Directors and brings more than three decades of experience leading and scaling power and energy services businesses across North America. He previously held several senior roles at ENGIE, the global energy company focused on opportunities arising from the energy transition, ultimately serving as President and CEO of ENGIE’s North American generation, marketing and energy services businesses. The Priority Power Board of Directors believe that Stefaan’s extensive background in energy services, his deep knowledge of power markets like ERCOT and PJM, and his proven success in scaling complex organizations, make him well suited to guide Priority Power through its next phase of development. “Priority Power is uniquely positioned to expand its reach and product offerings across the U.S. and in high-growth segments to deliver clients sustainable energy solutions that accelerate the clean energy transition,” remarked Stefaan Sercu. “I am excited to partner with Priority Power’s leadership team, Board of Directors and I Squared Capital to expand our company’s business lines and geographic footprint through thoughtful innovation.” Priority Power’s leadership team will work closely together to ensure a seamless transition while maintaining focus on serving customers and expanding the company’s capabilities.

About Priority Power

Priority Power is an independent energy solutions provider focused on energy infrastructure, energy transition program management, market intelligence operations, and energy structuring. Priority Power serves over 6,700 clients, totaling $2.7 billion in energy spend and 94 TWh of electricity managed across 31 states. The Company prioritizes energy efficiency and seeks to leverage its engineering, procurement, construction, and market expertise to aid in decarbonization of the industrial economy. For more information on Priority Power, please visit www.prioritypower.com.

About United Salt Corporation

United Salt Corporation is a privately-owned seller of salt products used in the production of food, chemical processing, oilfield drilling and production fluids, deicing, agricultural feed, and industrial and residential water softening. In business since 1928, the Company is based in Houston, Texas. Its salt products are produced at facilities located in Hockley and Baytown, Texas; Saltville, Virginia; and Carlsbad, New Mexico. For more information, visit www.unitedsalt.com

About TXU Energy

More Texans trust TXU Energy to power their homes and businesses than any other electricity provider. They’re passionate about creating experiences and solutions tailored to fit the needs of their customers, including electricity plans, online tools to help save, renewable energy options and more. TXU Energy is also committed to cultivating a dynamic and enjoyable workplace where all our people can succeed. Visit www.txu.com for more. TXU Energy is a subsidiary of Vistra (NYSE: VST). REP #10004

Contacts

Priority Power Contact:
Katherine Tappan
Investor Relations
501-951-5282
[email protected]

United Salt Corporation Contact:
Laure Felix
Corporate Communications
713-828-0008
[email protected]

TXU Energy Contact:
Jenny Lyon
214-875-8004
[email protected]