# Who does Vistra pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/vistra · Facet: suppliers · Updated: 2026-09-24T04:43:25.742225+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Vistra's confirmed suppliers/cost counterparties include CenterPoint Energy, Cameco, Williams plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 5 cost edges, backed by 7 dated sources, 3 of them primary filings (as of 2026-09-24).

### 센터포인트 에너지 (high)  → /centerpoint-energy.md
- metric: Amount $693M · FY2025 · Houston Electric revenue from Vistra affiliates
- note: Vistra, through its retail affiliates, is Houston Electric's second-largest external customer group and uses CenterPoint Energy's delivery network for its large Texas retail electricity footprint.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-19) https://www.sec.gov/Archives/edgar/data/1130310/000113031026000008/cnp-20251231.htm: "Affiliates of Vistra Energy Corp. 693."
- [mentions] Toss Securities Research Center (KO, research, published 2025-09-24) https://home-files.tossinvest.com/files/investment-info/a97ffd82-a59e-484e-a199-333b87c4241a.pdf: "The report identifies Vistra, CenterPoint Energy, and NRG Energy as companies with high Texas revenue exposure."
- [mentions] The Henry Fund, University of Iowa (EN, analysis, published 2025-04-14) https://henryfund.tippie.uiowa.edu/sites/henryfund.tippie.uiowa.edu/files/2025-09/s25_VST.pdf: "In 2024, 69% of retail revenue was from Texas."

### Cameco (mid)  → /cameco.md
- note: Sources nuclear fuel (uranium) from Cameco — upstream fuel dependence for nuclear generation.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-23) https://www.sec.gov/Archives/edgar/data/0001009001/000119312525253372/d935274dex991.htm: "Sources nuclear fuel (uranium) from Cameco."

### Williams (mid)  → /williams.md
- note: Sources gas-generation fuel via Williams pipelines — a fuel axis tied to midstream transport.
- [confirms] Nasdaq (EN, news, published 2025-01-01) https://www.nasdaq.com/articles/williams-invest-31b-power-projects-data-centers: "Gas-generation fuel from Williams."

### 송배전·운영·정비 (비공개) (low)
- note: Plant operations, maintenance and grid interconnection.
- [confirms] Utility Dive (EN, news, published 2026-01-27) https://www.utilitydive.com/news/meta-nuclear-deal-oklo-vistra-terrapower-ai-data-centers/809215/: "Vistra signs 20-year nuclear PPAs with Meta for 2,600MW."
- [confirms] SEC EDGAR (EN, filing, published 2026-01-01) https://www.sec.gov/Archives/edgar/data/0001692819/000119312526002589/d62722dex991.htm: "Operates/maintains ~50GW of generation."

### 연료·발전소·증설 (비공개) (low)
- note: Nuclear/gas fuel and plant acquisitions/expansion (Cogentrix) — the capital-intensive cost of capacity growth (undisclosed).
- [confirms] SEC EDGAR (EN, filing, published 2026-01-01) https://www.sec.gov/Archives/edgar/data/0001692819/000119312526002589/d62722dex991.htm: "Gas expansion incl. Cogentrix 5.5GW acquisition."

Reverse side: https://valuechain.wiki/vistra/customers.md · Ripple: https://valuechain.wiki/vistra/ripple.md

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Full node: https://valuechain.wiki/vistra.md · JSON: https://valuechain.wiki/vistra.json