New Era Energy secures 20-year, 207 MW PPA with Vistra for Texas data center

New ERA Energy & Digital, Inc.

TCDC PowerCo signs 20-year PPA with Luminant (Vistra affiliate) for 200-207 MW from 1,180 MW Odessa gas plant.
Power delivery expected Q3 2027; initial term 20 years with automatic one-year renewals.
New Era must post $116M letter of credit within 15 business days and up to $82.8M additional security by delivery date.
Vistra gets 5% non-voting equity in project company and ROFR on future expansions starting April 2028.
CEO Nelson says contract materially reduces Phase 1 development risk; land secured and permits in hand.

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