Vistra Secures Long‑Term Power Purchase Deals with Amazon and Meta

Amazon signs 20‑year PPA for 1,200 MW from Comanche Peak – Vistra announced a 20‑year power purchase agreement with Amazon Web Services, delivering up to 1,200 MW of carbon‑free power from the Texas Comanche Peak plant, with initial delivery slated for Q4 2027 and full ramp‑up by 2032; the deal includes options to extend another 20 years and explore upgrades and small modular reactors [1].

Meta commits to over 2,600 MW across PJM nuclear sites – In January, Vistra signed 20‑year agreements with Meta covering 2,176 MW of energy and capacity from Perry and Davis‑Besse plants, plus uprate capacity from those sites and Beaver Valley, with operating capacity deliveries beginning Dec 2026 (Perry) and Dec 2027 (Davis‑Besse) and uprates phased in through 2034 [1].

Uprate projects scheduled after 2028, extending plant lifespans – CEO Jim Burke indicated that while the Amazon and Meta PPAs provide financial backing, the majority of uprate work will occur after 2028, allowing license renewals that could keep the plants operating into the 2050s and 2060s [1].

Vistra eyes additional 3.2 GW capacity at Beaver Valley and Comanche Peak – Burke told investors the company could contract up to another 3.2 GW of nuclear capacity, including roughly 200 MW upgrades at Comanche Peak, expanding its generation portfolio [1].

Financial impact of PPAs secures long‑term operation – The cumulative effect of the Amazon and Meta agreements supplies significant financing, enabling Vistra to maintain current grid output while pursuing license extensions and future upgrades [1].

Quarterly earnings call highlighted 2025 as transformational year – During the Q4 and full‑year 2025 results call, Burke described 2025 as “truly a transformational year,” citing the new PPAs as strategic milestones that support Vistra’s growth and sustainability goals [1].