secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vistra Corp. (VST)
CIK:        0001692819
Form:       8-K
Filed at:   2026-01-09T23:59:59+00:00
Accession:  0001193125-26-008508
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Vistra signs 20-year PPAs with Meta to supply 2,609 MW nuclear power
--------------------------------------------------------------------

- Signed 20-year PPAs with Meta for 2,609 MW of carbon-free nuclear power from Perry, Davis-Besse, and Beaver Valley plants.
- Operating deliveries start late 2026, full by end 2027; uprate deliveries start by 2031, full by end 2034.
- Capital expenditures for uprates from 2026-2034, with less than 20% by 2028; expected to meet mid-teens levered return.
- At full delivery, incremental Adjusted FCF before Growth accretion: 8-10% from operating, additional 5-7% from uprates.
- Conversion of incremental EBITDA to FCF before Growth expected at ~80%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692819/000119312526008508/0001193125-26-008508-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692819/000119312526008508/d20785d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-008508

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer