NRC Renews Perry License, Capping Vistra's Nuclear Fleet at Full 60-Year Lifespan

Vistra Corp. (NYSE:VST) is one of the best multibagger stocks according to hedge funds. On July 7, 2025, the U.S. Nuclear Regulatory Commission (NRC) approved a 20-year license renewal for Vistra’s Perry Nuclear Generating Station in Ohio, extending its operating authorization through 2046, an additional two decades beyond its original expiration date.

Perry, a single-unit boiling-water reactor rated at approximately 1,268 megawatts, becomes the final reactor in Vistra’s nuclear fleet to receive such an extension, meaning all six units are now licensed to operate for a full 60-year lifespan.

In Vistra’s official release, CEO Jim Burke remarked that extending Perry ensures Ohio continues to benefit from reliable, emission-free baseload power, while supporting jobs and regional grid stability. Ken Peters, Vistra’s Chief Nuclear Officer, emphasized that the plant’s safety culture and condition underpinned the NRC’s decision, praising the operations team’s preparation for the review process.

This regulatory milestone further solidifies Vistra’s position as one of the largest competitive nuclear power operators in the U.S. Its six reactors now deliver over 6,500 MW of emission-free generation capacity, enough to power more than 3 million homes.

Vistra Corp. (NYSE: VST) is an integrated energy provider headquartered in Irving, Texas. The company operates a diversified portfolio that includes natural gas, nuclear, solar, and battery storage assets totaling approximately 41 GW of generation capacity, serving deregulated markets across the U.S.

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