Talen Energy

Target Hospitality Announces Appointment of Alejandro Hernandez to Board of Directors

Retrieved on: 
Tuesday, June 20, 2023
Columbia University, Professional Football Compensation Committee, Rice University, Talen Energy, London, Audit, Target Hospitality, Target, Bachelor of Arts, Goldman Sachs, Business administration, Knowledge, Master of Business Administration, London School of Economics, Management

THE WOODLANDS, Texas, June 20, 2023 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (Nasdaq: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, advances its strategic diversification focus, with the appointment of Mr. Alejandro ("Alex") Hernandez to its board of directors, effective June 19, 2023.

Key Points: 
  • THE WOODLANDS, Texas, June 20, 2023 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (Nasdaq: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, advances its strategic diversification focus, with the appointment of Mr. Alejandro ("Alex") Hernandez to its board of directors, effective June 19, 2023.
  • Mr. Hernandez will serve as an independent director as well as a member of the Audit and Compensation Committees.
  • "We are pleased to welcome Alex as a new independent director to the Target Hospitality board.
  • From 2014 until 2015, Mr. Hernandez served as Chief Financial Officer of TerraForm Power Inc., which was sold to Brookfield.

GoToro: Revolutionizing the Hiring Process for HR Professionals

Retrieved on: 
Thursday, June 1, 2023
Advertising, Headache, Fusion, Organization, Acquisition, Acqui-hiring, Algorithm, Xie Fanjing, BANK, HR, RED, Sales, Talen Energy

With a decade of experience in the industry, GoToro has purpose-built proprietary technology to streamline and enhance the hiring process for HR and Talent Acquisition departments.

Key Points: 
  • With a decade of experience in the industry, GoToro has purpose-built proprietary technology to streamline and enhance the hiring process for HR and Talent Acquisition departments.
  • GoToro offers a comprehensive range of products and services tailored to meet the diverse needs of HR professionals.
  • "Our goal is to revolutionize the hiring process by leveraging our proprietary technology and deep industry knowledge.
  • For HR professionals seeking a seamless and effective hiring process, GoToro offers the ideal solution.

Talen Energy Corporation Announces Successful Completion of Strategic Restructuring Transactions

Retrieved on: 
Wednesday, May 17, 2023
LLP, Communication, Note, GenOn Energy, Plan, Talen, Kirkland & Ellis, Talen Energy, White & Case, TES, Risk management, Carbon, Rothschild, Exelon, Public expenditure, Rothschild & Co, Title 11 of the United States Code, Kroll, United, Hand, White, California Resources Corporation, Safety, McFarland, Security (finance), Bank, Management

HOUSTON, May 17, 2023 /PRNewswire/ -- Talen Energy Corporation ("Talen" or "the Company") announced today that it, along with its applicable debtor subsidiaries, has successfully consummated the strategic transactions contemplated by its chapter 11 plan of reorganization (the "Plan") and completed its restructuring. Supported by a new equity owner group, the Company has significantly reduced its debt and strengthened its balance sheet, making it well-positioned for future value creation.

Key Points: 
  • The Plan and the foregoing debt and equity financing transactions resulted in an approximately $2.7 billion reduction in TES' debt.
  • Mr. McFarland has extensive experience in the power industry, most recently serving as President and Chief Executive Officer of California Resources Corporation.
  • He previously held leadership roles with GenOn Energy, Luminant Holding Company LLC, and Exelon Corporation.
  • Our team appreciates the support of our Board, equity owners, lenders, and investors as we position Talen for the future."

Talen Announces Closing of $1.2 Billion Senior Secured Notes Offering

Retrieved on: 
Friday, May 12, 2023
Corporate action, Plan, TEC, Talen Energy, SEC Rule 144A, Line of credit, TES, Person, Sale, Escrow, Joint, Regulation, Trust company, Bankruptcy, Security (finance), Note

HOUSTON, May 12, 2023 /PRNewswire/ -- Talen Energy Corporation ("TEC") announced today that Talen Energy Supply, LLC ("TES" or the "Company"), a direct wholly owned subsidiary of TEC, has completed its previously announced offering of $1.2 billion in the aggregate principal amount of its 8.625% senior secured notes due 2030 (the "Notes"), pursuant to the Joint Chapter 11 Plan of Reorganization of Talen Energy Supply, LLC and its Affiliated Debtors (the "Plan").

Key Points: 
  • HOUSTON, May 12, 2023 /PRNewswire/ -- Talen Energy Corporation ("TEC") announced today that Talen Energy Supply, LLC ("TES" or the "Company"), a direct wholly owned subsidiary of TEC, has completed its previously announced offering of $1.2 billion in the aggregate principal amount of its 8.625% senior secured notes due 2030 (the "Notes"), pursuant to the Joint Chapter 11 Plan of Reorganization of Talen Energy Supply, LLC and its Affiliated Debtors (the "Plan").
  • Prior to the Completion Date, the Notes will be senior secured obligations of the Company secured only by a first priority security interest in the Escrow Account and all amounts on deposit therein, and the Notes will not be guaranteed.
  • The Notes and the related guarantees have not been and will not be registered under the Securities Act or any state securities laws.
  • The offering of Note is being made only by means of a confidential offering circular.

Talen Energy Schedules First Quarter 2023 Results Conference Call

Retrieved on: 
Thursday, May 11, 2023
Bankruptcy, TEC, Talen, Kirkland & Ellis, Talen Energy, TES, EDT, Rothschild, Rothschild & Co, Title 11 of the United States Code, Kroll, Webcast, United States bankruptcy court, Synergy Teleconferencing System, Security (finance), Financial adviser

HOUSTON, May 11, 2023 /PRNewswire/ -- Talen Energy Corporation ("TEC") announced today that Talen Energy Supply, LLC ("TES", and, together with TEC, "the Company" or "Talen"), a direct wholly owned subsidiary of TEC, has scheduled a conference call with management to discuss first quarter 2023 results on Tuesday, May 16, 2023, at 4:00 p.m. EDT.

Key Points: 
  • HOUSTON, May 11, 2023 /PRNewswire/ -- Talen Energy Corporation ("TEC") announced today that Talen Energy Supply, LLC ("TES", and, together with TEC, "the Company" or "Talen"), a direct wholly owned subsidiary of TEC, has scheduled a conference call with management to discuss first quarter 2023 results on Tuesday, May 16, 2023, at 4:00 p.m. EDT.
  • John Chesser, Chief Financial Officer, will discuss TES' financial and operating results, as well as provide an update on the Company's restructuring during an investor presentation to be teleconferenced and webcast.
  • Qualified investors and securities analysts can access the conference call and related materials on the Investor Updates section of Talen's website at: https://talenenergy.investorroom.com/investor-updates .
  • Talen's chapter 11 cases are pending before the Honorable Marvin Isgur and are jointly administered under Case No.

Talen Energy Corporation Announces CEO Transition Plan; FERC and NRC Regulatory Approvals

Retrieved on: 
Wednesday, April 5, 2023
Plan, Bankruptcy, GenOn Energy, University, Senior, Kirkland & Ellis, Talen Energy, State university system, McFarland, TES, Carbon, Luminant, Rothschild, Exelon, Rothschild & Co, Business administration, Energy Future Holdings, Title 11 of the United States Code, Kroll, Biophysical environment, CFO, United States bankruptcy court, Cumulus cloud, California Resources Corporation, Virginia Tech, Master of Business Administration, Corporate development, Management, Talen

HOUSTON, April 5, 2023 /PRNewswire/ -- Today, Talen Energy Corporation ("Talen" or "the Company") reported that CEO Alejandro "Alex" Hernandez announced his departure effective as of the date that Talen closes the strategic transactions contemplated by its chapter 11 plan of reorganization (the "Plan") and completes its restructuring. The Plan includes the infusion of new equity capital pursuant to a common equity rights offering of up to $1.55 billion (the "Equity Rights Offering"). The Equity Rights Offering is backstopped by various leading financial institutions that hold approximately $1.1 billion of Talen Energy Supply's ("TES") existing unsecured notes and will, in the aggregate, hold the substantial majority of the equity of Talen upon consummation of the Plan. The Plan and Equity Rights Offering investment achieves an approximately $3 billion reduction in TES' debt, provides for full repayment of TES' first lien funded debt, and the consensual equitization of all of TES' existing unsecured notes.

Key Points: 
  • Mr. Hernandez has served as CEO since 2021, President and Director of the Company since 2019, and previously as CFO from 2016 through 2021.
  • "I thank Alex for his leadership in guiding Talen successfully through the recapitalization and restructuring process.
  • We welcome Mac McFarland to Talen and look forward to a successful and orderly transition," commented incoming Talen Board Chairman Stephen Schaefer.
  • We formed the Cumulus growth business, which is driving the convergence between digital infrastructure assets and carbon free energy.

Talen Energy Named One of America's Best Mid-Size Employers for 2023

Retrieved on: 
Thursday, March 2, 2023
Talen Energy, Talen

HOUSTON, March 2, 2023 /PRNewswire/ -- Talen Energy Corporation ("Talen" or "the Company") announced today that it has been named by Forbes to the list of America's Best Mid-Size Employers for 2023. This is the third consecutive year the Company has received this recognition. Of the thousands of companies that were surveyed, only 500 made the list which recognizes Talen as an employer of choice.

Key Points: 
  • HOUSTON, March 2, 2023 /PRNewswire/ -- Talen Energy Corporation ("Talen" or "the Company") announced today that it has been named by Forbes to the list of America's Best Mid-Size Employers for 2023.
  • Of the thousands of companies that were surveyed, only 500 made the list which recognizes Talen as an employer of choice.
  • "We are honored to be named to Forbes' list of America's Best Employers again this year and for the third consecutive year," said Alex Hernandez, Chief Executive Officer.
  • To view a listing of available opportunities with Talen, please visit the Talen Energy careers page at https://www.talenenergy.com/careers/ .

TeraWulf Announces January 2023 Production and Operations Updates

Retrieved on: 
Tuesday, February 7, 2023
Residential Building & Real Estate, Alternative Energy, Construction & Property, Energy, Technology, Nuclear, Blockchain, Professional Services, Philanthropy, Environment, Digital Cash Management, Digital Assets, REIT, Other Philanthropy, Utilities, Cryptocurrency, Bitcoin, Talen Energy, Carbon, Weather, Nautilus, Miner, Mining, Bass Lake (Marin County, California), NYISO, Rare-earth element, Renewable energy, Bitmain

As of January 31, 2023, the Company operated approximately 18,000 Bitcoin miners with hash rate capacity of approximately 2.0 EH/s at its Lake Mariner facility.

Key Points: 
  • As of January 31, 2023, the Company operated approximately 18,000 Bitcoin miners with hash rate capacity of approximately 2.0 EH/s at its Lake Mariner facility.
  • TeraWulf’s power cost in January 2023 corrected to more normalized levels following severe weather and price volatility in late December 2022.
  • Today, the Company’s wholly-owned Lake Mariner facility has approximately 60 MW of operational mining capacity, and TeraWulf expects to reach 110 MW of capacity at the facility in early Q2 2023.
  • TeraWulf also retains an option to expand its net capacity at the Nautilus facility by an additional 50 MW.

Cumulus Data Completes Key Milestones in Construction of its Flagship Zero-Carbon Susquehanna Data Center Campus

Retrieved on: 
Tuesday, January 17, 2023
Tenant, Talen Energy, TCO, Carbon, ESG, Electricity, Information economy, Renewable energy, Holding company, Cumulus cloud

HOUSTON, Jan. 17, 2023 /PRNewswire/ -- Cumulus Data ("Cumulus") announced today that it has completed key milestones in the construction of Phase 1 of its flagship 475-megawatt zero-carbon Susquehanna data center campus located in northeast Pennsylvania. The construction of the powered shell for its first 48-megawatt, 300,000 square foot data center is complete and available for lease, with various fiber routes in service. A video of the first Cumulus data center powered shell can be accessed here.

Key Points: 
  • First 48-megawatt powered shell complete and available for lease, fiber in service
    HOUSTON, Jan. 17, 2023 /PRNewswire/ -- Cumulus Data ("Cumulus") announced today that it has completed key milestones in the construction of Phase 1 of its flagship 475-megawatt zero-carbon Susquehanna data center campus located in northeast Pennsylvania.
  • A video of the first Cumulus data center powered shell can be accessed here.
  • "Our flagship Cumulus Susquehanna data center campus is positioned to welcome its first tenant and commence commercial operations this year," said CEO Alejandro "Alex" Hernandez.
  • "We look forward to advancing our mission to solve the energy 'trilemma' which we define as the rapidly increasing consumer demand for zero-carbon, low-cost, and reliable electricity by data center customers, beginning with our first Cumulus Susquehanna data center campus."

TeraWulf Announces December 2022 Production and Operations Updates

Retrieved on: 
Monday, January 9, 2023
Green Technology, Cryptocurrency, Environment, Technology, Sustainability, Bitcoin, Mining, Prager, Shuswap Lake Marine Provincial Park, Miner, Weather, Nautilus, Talen Energy, Cryptocurrency

The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility.

Key Points: 
  • The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility.
  • The approximate remaining 6,500 miners (0.7 EH/s) are operated pursuant to hosting arrangements where the Company receives a fee and participates financially in mining profits.
  • During December 2022, the Company received approximately 4,500 miners and an additional 3,750 miners were delivered during the first week of January 2023 from Bitmain Technologies Limited (“Bitmain”).
  • Today, the Company’s wholly-owned Lake Mariner facility has approximately 60 MW of operational mining capacity, and TeraWulf expects to reach 110 MW of capacity at the facility in Q2 2023.