Business
Talen Reports PJM Auction Results for 2025/2026 Planning Year
HOUSTON, July 30, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation ("Talen") (NASDAQ: TLN) today reported its results from the PJM Base Residual Auction for
About this update from Talen Energy Corporation
[{"type":"text","content":"HOUSTON, July 30, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation (\"Talen\") (NASDAQ: TLN) today reported its results from the PJM Base Residual Auction for the 2025/2026 planning year. Talen cleared a total of 6,820 megawatts at a clearing price of $269.92 per megawatt-day across the MAAC, PPL and PSEG Locational Deliverability Areas, equating to approximately $670 million in capacity revenues for the 2025/2026 planning year. The planning year runs from June 1, 2025 through May 31, 2026. About TalenTalen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably, delivering the most value per megawatt produced and driving the energy transition. Talen is also powering the digital infrastructure revolution. We are well-positioned to capture this significant growth opportunity, as data centers serving artificial intelligence increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/. Investor Relations:Ellen LiuSenior Director, Investor [email protected] Media:Taryne WilliamsDirector, Corporate [email protected] Forward-Looking StatementsThis communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as \"anticipate,\" \"believe,\" \"continue,\" \"could,\" \"estim...