VSTVistra Corp.

“While large-scale data centers remain a key component of the expected growth, we expect incremental demand from multiple sources, including medium-sized data centers, increased industrial activity and ongoing electrification. In ERCOT, we believe annual load growth of at least 5% to 6% through 2030 is reasonable. And in PJM, 2% to 3% annual load growth appears likely to persist.”

“We believe that ERCOT is looking at something in the order of probably 30 to 40 gigawatts of growth in total by 2030. We think 10 to 15 of that's likely large data centers.”

“the long-term power purchase agreements with Meta for approximately 2,600 megawatts of energy and capacity at our PJM nuclear sites”

“the batteries will end up shaking out at some point because as we know, most of them are in the 1- to 2-hour variety. So when the higher load factor load does come on to the system, it's not designed to meet that high load factor customer profile.”

“We were part of announcements with Emerald AI about their tools to be more flexible, and they're doing some pilots in Silicon Valley with NVIDIA that I think will be very interesting from a demonstration of this capability.”

“customers continue to explore colocation with us at both gas and nuclear sites. And so those contracting discussions can continue in parallel while the rules are clarified. And we think that has to be part of the solution for meeting this demand because there is a speed to power advantage while additional resources take longer to come on the grid.”

“Hyperscalers are executing on record CapEx spending plans and our conversations with large load customers continue to advance. All of this reinforces our view that power market fundamentals will continue to improve through the end of the decade and beyond.”

“Yes, they are willing to and are engaging in discussions about bilateral contracts even ahead of the rules for the backstop procurement being clarified.”

“the hyperscalers are learning the opportunities to be flexible. You've seen some hyperscalers really lean into that with a lot of public announcements.”

“The activity level has remained as high as we've ever seen in this. So I don't see a change there.”

“what we've been advocating is while we're working out the rules of the road, we really need to get load connected as quickly as possible because that's the best way to deliver for the customers, but also to address the affordability issue.”