Talen Energy receives clearance for Freedom, Guernsey acquisitions

Talen Energy (TLN) announced that it has received regulatory clearance from the Federal Energy Regulatory Commission, FERC, and the Department of Justice, DOJ, for its previously announced acquisitions of the Freedom Generating Station in Pennsylvania and the Guernsey Power Station in Ohio, both natural gas fired combined cycle generation plants in PJM. The Acquisitions will selectively add nearly 2.9 gigawatts of modern, highly efficient baseload generation to Talen’s fleet, provide additional cash flow diversification to the business, and enhance Talen’s ability to offer reliable, scalable, grid-supported, and regionally diverse low-carbon capacity to hyperscale data centers and large commercial off-takers.