Vistra gets 20-year extension for its Ohio power plant

The U.S. nuclear regulator has allowed utility Vistra VST to extend the operation of its Perry nuclear power plant by an additional 20 years through 2046, the company said on Monday.

The company is currently operating under its initial 40-year license and had submitted its application to the Nuclear Regulatory Commission for renewal in 2023.

The U.S. Energy Information Administration expects electricity consumption to hit record highs in 2025 and 2026, fueled by surging demand from data centers supporting Big Tech's AI growth.

The 1,268-megawatt Perry facility is the last of Vistra's six nuclear reactors to secure a license extension, enabling all of them to operate for a total of 60 years.