Talen Energy Corporation
Other OTCCapital Structure
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in mil. unless spec.- CEO
- Mark Allen McFarland
- Full Time Employees
- 4,981
- Sector
- Utilities
- Industry
- Independent Power Producers
- Address
- 1780 Hughes Landing Boulevard The Woodlands TX United States of America 77380
- IPO Date
- Jun 2, 2023
- Website
- talenenergy.com
- Similar Companies
- Business
- Talen Energy Corporation (NASDAQ: TLN), founded in 2015 and headquartered in Houston, Texas, operates as a leading independent power producer and energy infrastructure company, owning and managing approximately 13.2 gigawatts of power generation capacity across 12 facilities in four states including Pennsylvania, Ohio, Maryland, and Montana. The company produces and sells electricity, capacity, and ancillary services into major U.S. wholesale power markets, primarily PJM Interconnection and WECC, serving utilities, data centers, and other large customers with a diverse portfolio encompassing nuclear, natural gas, coal, oil, and dual-fuel capabilities; key assets include the 2,228-megawatt Susquehanna Steam Electric Station nuclear facility (90% owned), natural gas plants such as the 1,836-megawatt Guernsey Power Station, 1,705-megawatt Martins Creek Power Plant, and 1,528-megawatt Montour Steam Electric Station, the 1,429-megawatt dual-fuel Brunner Island Steam Electric Station transitioning off coal by 2028, the 1,289-megawatt Brandon Shores coal-fired plant extended under a reliability-must-run agreement through 2029, and minority stakes in coal facilities like Colstrip (30%, 222 megawatts), Conemaugh (22%, 386 megawatts), and Keystone (12%, 213 megawatts). Talen Energy targets high-demand sectors including digital infrastructure for AI data centers, powering Amazon Web Services through a long-term power purchase agreement with its Susquehanna plant following the 2024 $650 million sale of the Cumulus data center campus, while approximately 50% of its megawatt hours derive from zero-carbon sources and it phases out coal at most wholly-owned facilities by end-2025. Recent strategic expansions include the 2025 completion of $3.5 billion acquisitions of the Moxie Freedom Energy Center (1,045 megawatts natural gas in Pennsylvania) from Caithness Energy and the Guernsey Power Station (1,836 megawatts natural gas in Ohio) from BlackRock, financed by $1.2 billion in term loan B funding alongside expansions of its revolving credit facility to $900 million and letter of credit facility to $1.1 billion with extended maturity to 2027, boosting total capacity toward 14 gigawatts and enhancing operational synergies in PJM markets.
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Talen Energy Corporation Announces Early Tender Results of its Previously Announced Tender Offer to Repurchase up to $600,000,000 of its Common Stock
Talen Energy Corporation Commences a Tender Offer to Repurchase up to $600,000,000 of its Common Stock
Talen Energy Announces All Shares of Common Stock Now Trade on OTCQX
Talen Energy Corporation (TLNE) Q1 2024 Earnings Call Transcript
Talen Energy Reports First Quarter Results, Increases 2024 Guidance for Remaining Fleet and Announces Upsizing of Share Repurchase Program to $1 Billion
Talen Energy Announces Successful Repricing and Amendment of Term Loans
CPS ENERGY CLOSES ON PREVIOUSLY ANNOUNCED ACQUISITION OF TALEN ENERGY GAS PLANTS IN CORPUS CHRISTI AND LAREDO
CPS ENERGY CLOSES ON PREVIOUSLY ANNOUNCED ACQUISITION OF TALEN ENERGY GAS PLANTS IN CORPUS CHRISTI AND LAREDO
Talen Energy Announces Further Updated Timing for Proposed Public Uplisting of Common Stock
Talen Energy Announces Plan to Enable Restricted Shares of Common Stock to Trade on OTCQX
Talen Energy to Report First Quarter 2024 Financial Results on May 13, 2024
Talen Energy Announces Launch of Term Loans Repricing