Talen Energy

CPS Energy Acquires Gas Plants in Corpus Christi and Laredo From Talen Energy as Part of Approved Generation Plan

Retrieved on: 
Wednesday, March 27, 2024
Talen, Solar energy, CPS, Growth, Trustee, Talen Energy, SAN, City, CPS Energy, LLP, Acquisition, Wind, Carbon, Climate change mitigation, Plant, Investment, ERCOT, Retirement, Kirkland & Ellis, RBC Capital Markets, Renewable energy

SAN ANTONIO, March 27, 2024 /PRNewswire/ -- Today, CPS Energy and Talen Energy Corporation ("Talen") (OTCQX: TLNE) announced an agreement for CPS Energy to acquire Talen's approximately 1,710-megawatt ("MW") generation portfolio located in the South Zone of the Electric Reliability Council of Texas ("ERCOT") market for $785 million subject to customary net working capital adjustments at closing. These assets include natural gas plants in Corpus Christi and Laredo. The transaction is expected to close in the second quarter of 2024.  

Key Points: 
  • These assets include natural gas plants in Corpus Christi and Laredo.
  • This action supports CPS Energy's generation plan, approved in 2023 by its Board of Trustees.
  • CPS Energy's Vision 2027 plan includes its generation plan that contemplates the retirement of 2,249 MW of older and inefficient dispatchable generation capacity before 2030.
  • CPS Energy has added 730 MW of solar energy and 50 MW of energy storage to date as part of its generation plan, with an additional 500 MW energy storage RFP in the works.

CPS ENERGY ACQUIRES GAS PLANTS IN CORPUS CHRISTI AND LAREDO FROM TALEN ENERGY AS PART OF APPROVED GENERATION PLAN

Retrieved on: 
Wednesday, March 27, 2024
Talen, Solar energy, CPS, Growth, Trustee, Talen Energy, SAN, City, CPS Energy, LLP, Acquisition, Wind, Carbon, Climate change mitigation, Plant, Investment, ERCOT, Retirement, Kirkland & Ellis, RBC Capital Markets, Renewable energy

SAN ANTONIO, March 27, 2024 /PRNewswire/ -- Today, CPS Energy and Talen Energy Corporation ("Talen") (OTCQX: TLNE) announced an agreement for CPS Energy to acquire Talen's approximately 1,710-megawatt ("MW") generation portfolio located in the South Zone of the Electric Reliability Council of Texas ("ERCOT") market for $785 million subject to customary net working capital adjustments at closing. These assets include natural gas plants in Corpus Christi and Laredo. The transaction is expected to close in the second quarter of 2024.  

Key Points: 
  • These assets include natural gas plants in Corpus Christi and Laredo.
  • This action supports CPS Energy's generation plan, approved in 2023 by its Board of Trustees.
  • CPS Energy's Vision 2027 plan includes its generation plan that contemplates the retirement of 2,249 MW of older and inefficient dispatchable generation capacity before 2030.
  • CPS Energy has added 730 MW of solar energy and 50 MW of energy storage to date as part of its generation plan, with an additional 500 MW energy storage RFP in the works.

Talen Energy Announces Sale of Zero-Carbon Data Center Campus

Retrieved on: 
Monday, March 4, 2024
Finance, EST, Talen, Sale, Talen Energy, Webcast, Cumulus cloud

HOUSTON, March 4, 2024 /PRNewswire/ -- Talen Energy Corporation ("Talen") (OTCQX: TLNE) today issued the following statement regarding the sale of its 960-megawatt Cumulus data center campus in northeast Pennsylvania to a major cloud service provider.

Key Points: 
  • HOUSTON, March 4, 2024 /PRNewswire/ -- Talen Energy Corporation ("Talen") (OTCQX: TLNE) today issued the following statement regarding the sale of its 960-megawatt Cumulus data center campus in northeast Pennsylvania to a major cloud service provider.
  • "We are pleased today to have sold our Cumulus data center campus, unlocking significant value for Talen," said Talen President and Chief Executive Officer Mac McFarland.
  • Details regarding the transaction can be found on the Financials and Presentations page of Talen's Investor Relations website, linked here .
  • Talen will host an investor call at 9:00 a.m. EST today, Monday, March 4, 2024.

Talen Energy to Report Full Year and Fourth Quarter 2023 Financial Results on March 14, 2024

Retrieved on: 
Tuesday, February 27, 2024
EDT, CDT, Talen Energy, Webcast

HOUSTON, Feb. 27, 2024 /PRNewswire/ -- Talen Energy Corporation ("Talen") (OTCQX: TLNE) plans to report its full year and fourth quarter 2023 financial results on Thursday, March 14, 2024.

Key Points: 
  • HOUSTON, Feb. 27, 2024 /PRNewswire/ -- Talen Energy Corporation ("Talen") (OTCQX: TLNE) plans to report its full year and fourth quarter 2023 financial results on Thursday, March 14, 2024.
  • President and Chief Executive Officer Mac McFarland and Chief Financial Officer Terry Nutt will discuss the financial and operating results during an earnings call to be webcast and teleconferenced at 3:00 p.m. EDT (2:00 p.m. CDT).
  • To participate in the earnings call, please register for the webcast here .
  • Participants can also join by phone through registering here prior to the start time of the call to receive a conference call dial-in number.

Talen Energy Announces Updated Timing for Proposed Public Uplisting of Common Stock

Retrieved on: 
Tuesday, January 30, 2024
Form S-1, Register, Security (finance), Talen Energy, Form

HOUSTON, Jan. 30, 2024 /PRNewswire/ -- Talen Energy Corporation (the "Company") (OTCQX: TLNE) previously announced on September 11, 2023, that it confidentially submitted a draft registration statement on Form S-1 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC") relating to the proposed uplisting of its common stock to a national securities exchange.

Key Points: 
  • HOUSTON, Jan. 30, 2024 /PRNewswire/ -- Talen Energy Corporation (the "Company") (OTCQX: TLNE) previously announced on September 11, 2023, that it confidentially submitted a draft registration statement on Form S-1 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC") relating to the proposed uplisting of its common stock to a national securities exchange.
  • The Company expects to update the Registration Statement after reporting financial and operational results for the year ended December 31, 2023.
  • This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
  • This announcement is being issued in accordance with Rule 135 under the Securities Act.

Delek US Holdings Board Appoints New Director

Retrieved on: 
Thursday, January 18, 2024
Harvard University, Talen Energy, Goldman Sachs, Risk management, Investment, Delek US, Planetary science, Management

BRENTWOOD, Tenn., Jan. 18, 2024 /PRNewswire/ -- Delek US Holdings, Inc. (the "Company" or "Delek US") announced that its Board of Directors has appointed Christine Benson Schwartzstein to serve as an independent director effective immediately.

Key Points: 
  • BRENTWOOD, Tenn., Jan. 18, 2024 /PRNewswire/ -- Delek US Holdings, Inc. (the "Company" or "Delek US") announced that its Board of Directors has appointed Christine Benson Schwartzstein to serve as an independent director effective immediately.
  • Following the appointment, the board of Delek US will comprise of 10 directors, 8 of which are independent.
  • Her experience in risk management, capital markets, and green energies will provide us with instrumental insights," said Uzi Yemin, Executive Chairman of Delek US.
  • She previously served as a member of the Senior Advisory Board of Orion Infrastructure Capital, until 2023 after serving as a Managing Director and Investment Principal from 2021 to 2022.

PPL Corporation announces agreement with Talen Energy to resolve litigation related to Talen Montana

Retrieved on: 
Friday, December 22, 2023
Talen Energy, Bankruptcy, PPL, Sorgi, Talen, Sale, PPL Corporation

ALLENTOWN, Pa., Dec. 22, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced that it has entered into a settlement agreement with Talen Energy Corporation and certain affiliates ("Talen") to resolve all claims made by Talen arising out of the June 2015 spinoff of PPL Energy Supply, which was renamed Talen.

Key Points: 
  • ALLENTOWN, Pa., Dec. 22, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced that it has entered into a settlement agreement with Talen Energy Corporation and certain affiliates ("Talen") to resolve all claims made by Talen arising out of the June 2015 spinoff of PPL Energy Supply, which was renamed Talen.
  • Under the terms of the agreement, PPL will pay Talen $115 million, resolving all claims between the parties.
  • PPL Montana is now Talen Montana.
  • "Since this litigation was initiated by Talen, we have maintained our position that PPL acted appropriately with regard to the sale of the Montana hydro assets and that the separation agreement governing the spinoff of PPL Energy Supply entitled PPL to retain the proceeds from the transaction," said PPL President and Chief Executive Officer Vincent Sorgi.

Talen Energy Announces Settlement Agreement with PPL Related to Past Legal Claims

Retrieved on: 
Friday, December 22, 2023
Talen Energy, PPL, Public expenditure, Talen, Sale, PPL Corporation, Communication

HOUSTON, Dec. 22, 2023 /PRNewswire/ -- Talen Energy Corporation ("Talen" or the "Company") (OTCQX: TLNE) today reported that the Company and certain subsidiaries have reached a settlement of litigation with PPL Corporation ("PPL") related to a distribution of proceeds from the 2014 sale of hydroelectric facilities in Montana.

Key Points: 
  • HOUSTON, Dec. 22, 2023 /PRNewswire/ -- Talen Energy Corporation ("Talen" or the "Company") (OTCQX: TLNE) today reported that the Company and certain subsidiaries have reached a settlement of litigation with PPL Corporation ("PPL") related to a distribution of proceeds from the 2014 sale of hydroelectric facilities in Montana.
  • Under the terms of the settlement agreement, which has been approved by each company's Board of Directors, PPL will pay Talen Montana $115 million in cash on or before December 31, 2023, in exchange for a full release of all claims.
  • The remaining proceeds will be used by Talen Montana to secure environmental and other obligations, and for general corporate purposes.
  • Importantly, as part of the agreement, Talen and PPL have agreed to reset our relationship.

Talen Energy Schedules Third Quarter 2023 Earnings Conference Call

Retrieved on: 
Monday, October 30, 2023
Talen Energy, Webcast, EDT, CDT, Management, Security (finance)

HOUSTON, Oct. 30, 2023 /PRNewswire/ -- Talen Energy Corporation ("Talen") (OTCQX: TLNE) announced today that it plans to release its third quarter 2023 financial results on Monday, November 13, 2023 following market close.

Key Points: 
  • HOUSTON, Oct. 30, 2023 /PRNewswire/ -- Talen Energy Corporation ("Talen") (OTCQX: TLNE) announced today that it plans to release its third quarter 2023 financial results on Monday, November 13, 2023 following market close.
  • President and Chief Executive Officer Mac McFarland and Chief Financial Officer Terry Nutt will discuss the financial and operating results during an earnings call to be webcast and teleconferenced on Tuesday, November 14, 2023 at 10:00 a.m. EDT (9:00 a.m. CDT).
  • To participate in the earnings call, please register for the webcast here .
  • Participants can also join by phone through registering here prior to the start time of the call to receive a conference call dial-in number.

TALEN ENERGY CORPORATION ANNOUNCES $300 MILLION STOCK REPURCHASE PROGRAM

Retrieved on: 
Monday, October 23, 2023
Hand, Talen Energy, Share repurchase, Talen, Bank

HOUSTON, Oct. 23, 2023 /PRNewswire/ -- Talen Energy Corporation ("Talen" or the "Company") (OTCQX: TLNE), an independent power producer and infrastructure company committed to the energy transition, today announced that its board of directors has approved a stock repurchase program, under which the Company is authorized to repurchase up to $300 million of its outstanding common stock through Q4 2025.

Key Points: 
  • HOUSTON, Oct. 23, 2023 /PRNewswire/ -- Talen Energy Corporation ("Talen" or the "Company") (OTCQX: TLNE), an independent power producer and infrastructure company committed to the energy transition, today announced that its board of directors has approved a stock repurchase program, under which the Company is authorized to repurchase up to $300 million of its outstanding common stock through Q4 2025.
  • "This share repurchase program demonstrates our commitment to disciplined capital allocation, including prioritizing the return of capital to our shareholders."
  • The Company intends to fund the repurchase program with cash on hand.
  • Talen has no obligation to repurchase any amount of its common stock under the program.