Vistra Signs 20-Year PPA for 2,609 MW Nuclear Supply to Meta Operations

VSTVST

Vistra signed 20-year PPAs with Meta to supply 2,609 MW of zero-carbon energy from Beaver Valley, Davis-Besse and Perry nuclear plants—including 2,176 MW existing output and 433 MW uprated capacity—starting late 2026 through 2034. It also agreed to buy Cogentrix Energy for $4.7 billion, adding ten natural-gas facilities to address surging AI data-center demand.

1. Meta Enters 20-Year PPAs for 2,609 MW of Nuclear Energy

Vistra has signed three separate 20-year power purchase agreements with Meta to deliver a combined 2,609 megawatts of zero-carbon nuclear power into the PJM grid. Of that total, 2,176 MW will come from the existing Perry (1,268 MW) and Davis-Besse (908 MW) plants in Ohio, while 433 MW will be added through uprates at Perry, Davis-Besse and Beaver Valley (Pennsylvania) — marking the largest corporate-supported nuclear capacity increase in U.S. history. Meta’s off-take begins in late 2026 and phases in through 2034, providing long-term off-takership that underwrites capital investments and license extension efforts at all three facilities.

2. Fueling License Extensions and Plant Upgrades

The certainty of long-term revenue from Meta’s agreements allows Vistra to pursue subsequent 20-year license renewals for each reactor. Currently licensed through between 2036 and 2047, the Beaver Valley Units 1 and 2, Davis-Besse and Perry plants will undergo uprate work — boosting output by over 15% at each site. These projects will involve approximately 3,000 engineering, construction and outage jobs over nine years, and they set the stage for continued safe operations and further uprate opportunities after the new license periods.

3. Economic and Community Benefits

Beyond carbon-free energy delivery, Vistra’s nuclear fleet contributes tens of millions in state and local taxes annually, supports more than 1,900 full-time jobs across the three facilities, and drives substantial charitable and volunteer efforts. The uprate projects alone are expected to create about 3,000 additional project-related jobs. Local officials from Ohio and Pennsylvania have highlighted how extending plant operations and expanding output will safeguard existing employment, generate new high-paying roles, strengthen grid reliability and grow regional tax bases for decades to come.

Sources

YFP