Vistra Energy Corp. (VST) saw its shares drop sharply by 5.74% in pre-market trading on Friday, following reports of the Trump administration's plan to introduce measures aimed at curbing power prices and shifting data center power costs to tech companies.

The administration is expected to propose an emergency auction for PJM Interconnection, the largest U.S. power grid operator, allowing tech giants to bid on long-term contracts for new power plants. This move could disrupt traditional revenue streams for power companies like Vistra, leading to investor concerns and the stock's decline.

Additionally, the policy shift aligns with broader efforts to reduce electricity costs for consumers, which may pressure margins for energy providers. The announcement is set to be signed later today, with several state governors in attendance.