NasdaqGS:TLNRenewable Energy
Talen Energy’s $3.45b Gas Deal Tests Growth Story And PJM Risks
Talen Energy agreed to acquire three natural gas power plants from Energy Capital Partners for $3.45b.
The deal expands Talen's generation capacity and footprint in the PJM market, with a focus on serving data centers and large commercial buyers.
The transaction includes an equity component that adds Energy Capital Partners as a major shareholder.
Regulators have proposed an emergency wholesale electricity auction that could affect revenue visibility for generators such as Talen.
Talen...