Vistra and Meta Announce Agreements to Support Nuclear Plants in PJM and Add New Nuclear Generation to the Grid

Core Insights - Vistra has entered into 20-year power purchase agreements (PPAs) to provide over 2,600 megawatts of zero-carbon energy to support Meta's operations, marking the largest nuclear uprates supported by a corporate customer in the U.S. [1][2] - The agreements will enhance local economic development, protect existing jobs, and create new employment opportunities while increasing the energy output of three Vistra nuclear plants [1][5][6] Company Developments - The PPAs include 2,176 MW of operating generation and an additional 433 MW from power output increases, with the full capacity expected to be online by 2034 [1][3] - Vistra plans to pursue subsequent license extensions for all three plants, potentially extending operations for another 20 years [1][4] Economic Impact - The nuclear plants have historically contributed significantly to local economies, generating tens of millions of dollars in state and local taxes annually, alongside charitable contributions and community involvement [5] - The uprate projects are expected to create approximately 3,000 project-related jobs over nine years, enhancing the economic impact around the plants [6][7] Political Support - Local and state officials have expressed strong support for the agreements, highlighting their importance for job creation, economic growth, and energy security in Ohio and Pennsylvania [8][9][10][11][12][13] Plant Details - The three plants involved are Perry (1,268 MW), Davis-Besse (908 MW), and Beaver Valley (1,872 MW), collectively providing thousands of permanent, well-paying jobs [14]