IRVING, TX - Texas-based energy giant Vistra Corp., owner of two Ohio nuclear power plants, is poised to become a dominant player in the industry, pursuing deals with data center developers and seeking to expand its nuclear footprint.
During a recent earnings call, Vistra executives revealed they are in discussions with major data center operators to increase output at its nuclear plants, including the Comanche Peak facility in Texas. The company is also exploring partnerships for co-location opportunities at several of its existing gas-fired plants.
Vistra's acquisition of Energy Harbor earlier this year, which included the Ohio nuclear plants Perry and Davis-Besse, has strengthened its position in the market. The company has received regulatory approval to extend the operating licenses for its Comanche Peak plant and is seeking renewals for its Ohio facilities.
However, Vistra's history has not been without controversy. The Ohio Atomic Press has reported on issues at the Perry plant, including defective components and a recent radioactive wastewater spill. Perry has a history of environmental concerns, including reports of radioactive discharges into local waterways.
Vistra's acquisition of Energy Harbor also drew scrutiny from the U.S. Department of Justice due to potential antitrust concerns. Energy Harbor (FirstEnergy Scandal) itself was previously embroiled in a major Ohio political corruption scandal involving a $1 billion bailout.
Despite these concerns, Vistra has achieved significant financial success, topping the S&P 500 in 2024, according to Yahoo Finance.
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