Mon, Sep 21, 2026
New Era secures 20-year, up to 207 MW Vistra PPA for TCDC Phase 1
Key points
- New Era subsidiary TCDC PowerCo LLC signed a 20-year power purchase agreement with Luminant ET Services Company LLC, a Vistra affiliate, for a minimum of 200 MW and up to 207 MW for Phase 1 of the Texas Critical Data Center.
- Power comes from Vistra's 1,180 MW natural gas-fired plant in Odessa, Texas, immediately adjacent to the TCDC site, and is expected to be available in Q3 2027.
- The PPA has an initial 20-year term with automatic one-year renewal periods.
- A concurrent development framework agreement gives Vistra a 5% non-voting interest in the portion of the project it powers, following commencement of power delivery, plus a right of first refusal on future TCDC development and a right of first offer on certain other New Era projects.
- Management frames contracted Phase 1 power in New Era's own name as materially de-risking development and as the step that turns TCDC from a site with a power plan into permitted powered land; no tenant is contracted yet.
Site update
| Site | Status | Active | In build | Theoretical |
|---|---|---|---|---|
Texas Critical Data Centers (TCDC)Odessa (Ector County), TX Phase 1 power contracted: 20-year PPA with Luminant ET Services (Vistra affiliate) for a minimum of 200 MW and up to 207 MW, supplied from Vistra's adjacent 1,180 MW Odessa gas-fired plant, expected available Q3 2027. Release states land secured and construction permits in hand, but does not report construction underway or any operating capacity, so active/in-construction are left false with no MW. The 1,400 MW theoretical figure is the release's "anticipated capacity scaling to 1.4 GW over time" for the 493-acre site, stated as bare GW with no IT-load/gross basis. Vistra receives a 5% non-voting interest in the portion of the project it powers once delivery commences, plus a right of first refusal on future TCDC development. | Disclosed | — | — | 1,400 MW |