๐ข ๐๐จ๐ฆ๐ง ๐๐ก: New Era Signs 20-Year Vistra Power Deal for Texas Data Center - $New Era Energy & Digital(NUAI.US) $Vistra(VST.US)
๐ ๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:โค ๐ก๐ฒ๐ ๐๐ฟ๐ฎ subsidiary signs a ๐ฎ๐ฌ-๐๐ฒ๐ฎ๐ฟ power agreement with ๐ฉ๐ถ๐๐๐ฟ๐ฎ affiliate.โค Agreement secures ๐ฎ๐ฌ๐ฌโ๐ฎ๐ฌ๐ณ ๐ ๐ช for Phase 1 of TCDC.โค Power will come from Vistra's ๐ญ,๐ญ๐ด๐ฌ ๐ ๐ช Odessa gas facility.โค Power delivery is expected to begin in ๐ค๐ฏ ๐ฎ๐ฌ๐ฎ๐ณ.โค Agreement includes automatic ๐ผ๐ป๐ฒ-๐๐ฒ๐ฎ๐ฟ renewals after its initial term.โค Vistra receives a ๐ฑ% ๐ป๐ผ๐ป-๐๐ผ๐๐ถ๐ป๐ด interest upon power delivery commencement.โค Vistra gains rights covering certain ๐ณ๐๐๐๐ฟ๐ฒ ๐ฝ๐ผ๐๐ฒ๐ฟ development opportunities.โค TCDC spans ๐ฐ๐ต๐ฏ ๐ฎ๐ฐ๐ฟ๐ฒ๐ in Texas' Permian Basin.โค Project is anticipated to scale to ๐ญ.๐ฐ ๐๐ช across multiple phases.๐ ๐ช๐ต๐ ๐ง๐ต๐ถ๐ ๐ ๐ฎ๐๐๐ฒ๐ฟ๐:โค Long-term contracted power addresses a critical requirement for ๐ฑ๐ฎ๐๐ฎ ๐ฐ๐ฒ๐ป๐๐ฒ๐ฟ development.โค Adjacent generation could support reliable power access for ๐ฃ๐ต๐ฎ๐๐ฒ ๐ญ.โค Vistra's development rights create potential for a broader ๐น๐ผ๐ป๐ด-๐๐ฒ๐ฟ๐บ partnership.โค Planned ๐ญ.๐ฐ ๐๐ช scale positions TCDC as a major power-intensive project.๐ ๐๐ ๐ฝ๐ฒ๐ฟ๐ ๐ฆ๐๐ฎ๐๐ฒ๐บ๐ฒ๐ป๐๐:๐๐ต๐ฎ๐ฟ๐น๐ถ๐ฒ ๐ก๐ฒ๐น๐๐ผ๐ป, Chairman and Chief Executive Officer of New Era:"Having firm, contracted power for Phase 1 in New Era's name is an incredible milestone which we believe materially reduces Phase 1 development risk at TCDC,"๐๐น๐ฎ๐๐ฑ๐ถ๐ฎ ๐ ๐ผ๐ฟ๐ฟ๐ผ๐, Senior Vice President of Corporate Development and Strategy at Vistra:"pleased to work with New Era on a long-term power arrangement for the TCDC project and to establish a framework that allows us to evaluate additional power opportunities together over time."