Vistra Corp (VST) Secures Long-Term Nuclear Power Supply Agreement

Vistra Corp (NYSE:VST) is one of the best Nancy Pelosi stocks to buy right now. On September 29, the company secured a long-term power supply agreement with the Comanche Peak nuclear plant. The 20-year deal is for the supply of 1,200 megawatts of power, starting in the fourth quarter of 2027.

The long-term deal underscores Vistra’s growing credentials among independent power producers in the race to secure key revenue streams through long-term contracts. While the agreement covers only 50% of the Comanche Peak plant’s capacity, it leaves room for the company to seek other customers. The company is in the race to capitalize on the growing demand for energy to power data centers dedicated to AI and cryptocurrency mining.

The signing of the 20-year deal coincides with the company’s construction of two new natural gas units at the Permian Basin power plant in Texas. The two plants, with a combined capacity of approximately 860 megawatts, increase the plant’s total capacity to 1,185 MW. Vistra has already confirmed plans to add up to 2,000MW of natural gas-fueled power capacity in Texas by 2028.

Vistra Corp (NYSE:VST) is an integrated electricity and power generation company that operates a diverse fleet of power plants, including natural gas, nuclear, coal, solar, and battery storage facilities, to provide power to customers and communities across the United States.

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Disclosure: None. This article is originally published at Insider Monkey.