The arrangement follows a DOE model of using big tech demand to secure financing for nuclear assets, similar to a $1B loan for Constellation’s Crane plant backed by Microsoft and up to $1.9B for NextEra’s Duane Arnold site backed by Google. Loan terms for Vistra may include maturities up to 30 years and coverage for 80% of eligible costs, with interest rates tied to the Treasury rate plus 37.5 basis points and a risk-based charge.
Tuesday, October 20, 2026
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US DOE Loans Vistra $4.2B for Nuclear Uprates Linked to Meta Power Deal
Business15 days ago
Three nuclear facilities in Ohio and Pennsylvania will add 433 MW of capacity and extend the operations of roughly 4 GW of power through new credit facilities. The US Department of Energy is providing up to $4.2B in conditional loans to Vistra for modernization and upgrades at the Perry, Beaver Valley, and Davis-Besse plants. Meta has signed 20 year power purchase agreements for 2,609 MW of electricity, comprising 2,176 MW of existing capacity and all the planned expansion, with the first purchases of existing power starting in late 2026.
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