When did Talen Energy emerge from bankruptcy?
Talen Energy officially emerged from bankruptcy on the 17th of May 2023. The US Bankruptcy Court for the Southern District of Texas approved the plan of reorganization on the 15th of December 2022.
Questions about Talen Energy
Short answers, pulled from the story.
Who owns Talen Energy after the 2023 restructuring?
Ownership transferred to a majority of unsecured creditors consisting of several large financial institutions upon emergence from bankruptcy in May 2023. Mark Mac McFarland assumed the role of President, CEO, and Board member following this transition.
Where is the Susquehanna Steam Electric Station located?
The Susquehanna Steam Electric Station sits on the Susquehanna River seven miles northeast of Berwick, Pennsylvania. This facility represents the largest asset within the Talen portfolio with a capacity of 2.5 gigawatts.
What happened to Talen Energy coal plants in 2024?
Talen completed the conversion of approximately 3.2 gigawatts of its legacy coal fleet to lower-carbon fuels by March 2024. These conversions include facilities such as Brunner Island and Montour which now burn natural gas instead of coal.
How much did Amazon Web Services pay for the Talen data center campus?
Amazon Web Services purchased the Cumulus data center campus from Talen Energy for $650 million in March 2024. The deal includes an agreement where the Susquehanna plant provides power directly to the computing infrastructure.