Key Points
Shares of Vistra (NYSE: VST) surged over 10% on Friday following the announcement of long-term power purchase agreements (PPAs) with Meta Platforms (NASDAQ: META). The agreements, spanning 20 years, involve Vistra supplying over 2,600 megawatts (MW) of zero-carbon energy from three nuclear plants to support Meta’s AI expansion.
The power supply includes 2,176 MW from Vistra’s operational Perry and Davis-Besse plants in Ohio, along with 433 MW of projected incremental energy from planned upgrades at these facilities and the Beaver Valley plant in Pennsylvania. Meta’s energy needs from these sources are expected to start in late 2026 and continue through 2034.
