Vistra announced it has entered into 20-year PPAs to provide more than 2,600 megawatts of zero-carbon energy from a combination of three different Vistra nuclear plants to support Meta's operations in the region. The agreements include 2,176 MW of operating generation and an additional 433 MW of combined power output increases, which will be the largest nuclear uprates supported by a corporate customer in the United States. The agreements will also grow the local tax base, foster economic development in the region, and protect existing jobs while creating new ones.
With today's announcement, Vistra will now begin planning for subsequent license extensions at all three plants, which would extend operations of these carbon-free assets for another 20 years. Through the agreements: Meta is purchasing 2,176 MW of nuclear energy and capacity from the operating Perry and Davis-Besse plants in Ohio; Meta is also purchasing 433 MW of incremental nuclear energyand capacity from equipment upgrades to increase generation output (called uprates) at the Perry (Ohio), Davis-Besse (Ohio), and Beaver Valley (Penn Pennsylvania) plants - more than 15% of the contracted capacity announced will be new capacity added to the PJM region; the electricity generated at the plants will continue to go to the grid for all electricity users. Meta's purchases under the agreements will begin in late 2026, with additional capacity added to the grid through 2034, when the full 2,609 MW of power will be online.
Each of the three plants has received initial license renewal from the Nuclear Regulatory Commission. The PPAs provide certainty for Vistra to pursue subsequent license renewal for each of the reactors, which would extend each license an additional 20 years. Currently, Beaver Valley Unit 1 is licensed through 2036; Davis-Besse is licensed through 2037; Davis-Besse islicensed through 2046; and Beaver Valley Unit 2 is licensed through 2047.
Economic Engine for Local Economies: Vistra's nuclear plants have been significant contributors to local economies since their construction. ThePPAs continue that commitment, including tens of millions of dollars in state and local taxes each year, substantial charitable giving, community involvement, and volunteerism by the company and its employees. These three plants provide thousands of permanent, well-paying jobs.
Over the life of the uprate projects, which span approximately nine years, approximately 3,000 project-related jobs across engineering, construction, and planned outage work are expected, adding to the economic impact of Vistra's nuclear plants are expected, adding to the economy and economic growth.
