Vistra Corporation is a leading competitive US power generator and retailer owning three major nuclear plants in the PJM region acquired in 2024 from Energy Harbor (FirstEnergy's successor): Perry Nuclear (Ohio, 1,268 MW BWR, licensed to 2046); Davis-Besse (Ohio, licensed to 2037); and Beaver Valley (Pennsylvania, approximately 1,800 MW two-unit PWR, licensed to 2036/2047). On January 9, 2026, Vistra and Meta announced 20-year PPAs for 2,609 MW including 433 MW of historic uprates — the largest corporate-backed nuclear uprates in US history. Meta's purchases begin late 2026, with full 2,609 MW by 2034. Vistra will pursue subsequent licence renewals (adding 20 years) for all three plants. As recently as 2020, all three plants were on the path to retirement under FirstEnergy. Vistra is a Texas-based integrated retail electricity and power-generation company operating natural-gas, nuclear, coal, solar and battery-storage assets; it is a power producer and operator rather than an SMR reactor developer. Its nuclear strategy focuses on operating and extending its existing fleet, increasing output through uprates, and evaluating advanced nuclear technologies including small modular reactors for possible future application. Its January 9, 2026 Meta PPAs cover more than 2,600 MW from three PJM nuclear plants, including 433 MW of planned uprates and plans to pursue subsequent licence renewals. (Vistra Energy and Vistra Corporation were recorded separately for the same company.)
Public investors