Nuclear fleet and data-center power deals
Meta and Amazon agreements cover 3,809 MW of nuclear output. The first Meta deliveries start in late 2026.
The numbers
What it is
Vistra's nuclear plants include Perry, Davis-Besse and Beaver Valley in PJM and Comanche Peak in Texas. In January 2026 Vistra signed 20-year power agreements with Meta covering 2,609 MW, including uprates, from the PJM plants. A separate 20-year agreement covers 1,200 MW from Comanche Peak, with delivery starting in late 2027.
Why it matters to the stock. Long-term contracts with hyperscalers turn a volatile power fleet into contracted cash flow, and they show how much data-center demand is paying for firm, carbon-free power.
News
Vistra reports FY2025 Adjusted EBITDA of $5.9 billion and guides 2026 to $6.8–7.6 billion
Vistra reported full-year 2025 Ongoing Operations Adjusted EBITDA of $5,912 million, above the midpoint of its original guidance, and fourth-quarter EBITDA of $1,742 million, down from $1,983 million a year earlier.
Meta signs 20-year nuclear power deals covering 2,609 MW of Vistra capacity
Meta agreed to 20-year power purchase agreements for 2,176 MW from Vistra's Perry and Davis-Besse plants in Ohio, plus energy from uprates at Perry, Davis-Besse and Beaver Valley in Pennsylvania.