VST · 10-Q · 2026Q3 · Full report

Data Center / Load Growth

Vistra Corp. · 2026-11-09 · Importance 52 · Surprise 42

Vistra cites large-scale data centers, electrification of oil-field operations, and electric-vehicle load building as drivers of projected fast-paced electricity demand growth in the regions it serves. In January 2026, Vistra entered 20-year power purchase agreements (PPAs) with Meta for 2,609 MW of carbon-free power and capacity from its Perry, Davis-Besse, and Beaver Valley nuclear plants, including planned uprate capacity. Vistra expects to begin delivering a portion of operating energy and capacity in late 2026, with full delivery by year-end 2027; uprate deliveries are expected to begin in part by 2031 and reach full delivery by year-end 2034. Vistra also has a 20-year PPA with Amazon Web Services for 1,200 MW from Comanche Peak, with delivery anticipated to begin in the fourth quarter of 2027 and ramp to full capacity by 2032.