Talen Energy Corporation is an independent power producer and energy infrastructure company formed in 2015 when PPL Corporation's competitive power generation business combined with power plants owned by Riverstone Holdings.
When did Talen Energy file for bankruptcy?
Talen Energy filed for Chapter 11 bankruptcy on the 9th of May 2022 to reduce $4.5 billion of debt. It completed its restructuring and emerged from bankruptcy on the 17th of May 2023.
Who is the CEO of Talen Energy?
Mark "Mac" McFarland became President, CEO, and a Board member of Talen Energy when the company emerged from bankruptcy on the 17th of May 2023.
Where is Talen Energy's Susquehanna nuclear plant located?
The Susquehanna Steam Electric Station sits on the Susquehanna River in Salem Township, Pennsylvania, seven miles, or 11 km, northeast of Berwick. It has 2.5 gigawatts of capacity and is the sixth largest nuclear generating facility in the United States.
What did Talen Energy sell to Amazon Web Services?
In March 2024, Talen Energy announced the sale of its Cumulus data center campus to Amazon Web Services for $650 million. Talen's Susquehanna plant will supply the campus with power under a power purchase agreement.
What stock exchange does Talen Energy trade on?
Talen Energy stock trades on the Nasdaq Global Select Market under the symbol TLN as of the 10th of July 2024. It had previously traded over the counter under the symbol TLNE starting on the 23rd of June 2023, and originally on the New York Stock Exchange under TLN after its 2015 formation.