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# New Era Signed a Power Deal with Vistra. The Bill Arrives First.
- URL: https://www.pennystocks.news/nuai-new-era-signed-a-power-deal-with-vistra-the-bill-arrive/
- Published: 2026-09-22T16:20:34.000Z
- Updated: 2026-09-22T16:20:34.000Z
- Description: The twenty-year agreement gives New Era contracted power for its Texas data center project — but a $116 million letter of credit is due within weeks of signing, before Vistra delivers a watt.
- Author: PennyStocksNews Team
- Tags: nasdaq, ticker-nuai

New Era Energy & Digital has a 20-year deal for the power its planned Texas data center needs. It has weeks to post the bond that keeps the deal alive.

New Era Energy & Digital, Inc. NASDAQ: NUAI 

On September 18, 2026, New Era's subsidiary TCDC PowerCo LLC signed a power purchase agreement — a contract to buy electricity at set terms over a fixed period — with Luminant ET Services Company LLC, a subsidiary of Vistra Corp., according to an 8-K filed with the SEC. Luminant will supply **up to 207 MW** from a 1,180-MW natural gas plant in Odessa, Texas, situated next to the planned data center site. The company's September 21 press release puts first delivery in the third quarter of 2027.

The credit obligations fall on New Era. Within 15 business days of signing, it must post **a $116 million letter of credit**. Before power flows, it must also provide **up to $82.8 million in additional agreed security**. If a required substation purchase agreement goes unsigned and New Era does not pay related construction invoices, Luminant's affiliate may draw on that $116 million directly.

The filing lists the ability to arrange credit support on commercially reasonable terms as a key risk to the project's completion. The company does not say where the funds will come from.

A companion development agreement signed at the same time adds further obligations. Once power flows, **New Era must give Vistra a 5% non-voting equity stake** in the portion of the project company it supplies. Vistra also gets first claim on any expansion at the Texas site from April 2028 onward. The filing gives no dollar value for the equity provisions.

Shares **closed 30.55% higher at $7.6500** after the filing, on dollar volume of about $191.7 million.

CEO Charlie Nelson said in the company's September 21 press release that the agreement turns the site "from a site with a power plan into permitted powered land." The letter of credit deadline is the first test of that claim.