Overview

• Vistra made a final investment decision to add two natural gas units totaling 860 MW at its Permian Basin Power Plant, lifting the site’s capacity from 325 MW to 1,185 MW.
• An SEC 8-K confirms a 20-year agreement to supply 1,200 MW of carbon-free power from the Comanche Peak Nuclear Power Plant to an unnamed investment-grade buyer, with options to extend up to 20 additional years.
• Power deliveries under the nuclear deal are scheduled to start in the fourth quarter of 2027 and ramp to the full 1,200 MW by 2032, supported by Comanche Peak’s NRC-approved operation through 2053.
• Vistra cites growing electricity needs from oil and gas electrification, data centers, and other industrial expansion in West Texas, positioning the additions as support for ERCOT reliability.
• Texas Governor Greg Abbott publicly backed the expansion, while Vistra shares slipped about 2% as some analysts noted the contract covers only part of Comanche capacity and highlighted execution risks.