Vistra engaged in co-location discussions with data centers

AI generated summary

Vistra has revealed that it is in discussions with major customers regarding the potential sale of power from its nuclear and gas plants through long-term agreements. Stacey Doré, Vistra's Chief Strategy and Sustainability Officer, mentioned that the company is exploring deals involving multiple plants in its portfolio, including co-location deals at various sites combined with new generation construction. Talks are ongoing with large companies about building new gas plants to support data center projects, with gas plants in PJM and ERCOT attracting interest. Additionally, early discussions are being held with hyperscalers regarding nuclear uprates.

Despite the Federal Energy Regulatory Commission's recent rejection of an Interconnection Service Agreement proposal for a data center project at Talen Energy's Susquehanna Nuclear plant, Vistra remains undeterred. Vistra's President and CEO expressed disappointment in the ruling but stated that it has not affected discussions with potential customers. Vistra is navigating various challenges such as supply chain constraints and labor shortages, which have impacted material availability and increased costs. The company is actively managing these issues, leading to a deferral of some planned capital spend on renewables projects.