VST · 10-Q · 2026Q3 · Full report

Nuclear Power Purchase Agreements

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

In January 2026, Vistra entered into 20-year PPAs with Meta to supply 2,609 MW of carbon-free energy and capacity from its PJM nuclear plants, including operating output and planned uprates at Perry, Davis-Besse, and Beaver Valley. The company expects to begin delivering some operating output in late 2026 and reach full operating delivery by year-end 2027. Some uprate output is expected to begin in 2031, with full delivery by year-end 2034; related capital spending is expected from 2026 through 2034, with less than 20% projected by year-end 2028. The schedule and spending depend on regulatory approvals, engineering evaluations, and capital-allocation decisions.

Key facts

• Vistra entered 20-year PPAs with Meta in January 2026 for 2,609 MW of carbon-free power and capacity from its PJM nuclear plants, including 1,268 MW from Perry, 908 MW from Davis-Besse, and 433 MW of uprate capacity across Perry, Davis-Besse, and Beaver Valley. source
• Vistra agreed to supply Amazon Web Services 1,200 MW of carbon-free power under a 20-year Comanche Peak PPA announced in September 2025, with delivery expected to begin in Q4 2027 and ramp to full capacity by 2032. source
• Vistra anticipates beginning delivery of a portion of operating energy and capacity under the Meta PPAs in late 2026, with full operating delivery by year-end 2027; partial uprate delivery is anticipated by 2031 and full uprate delivery by year-end 2034. source

Impact estimates