Talen Energy Reports PJM Auction Results for the 2027/2028 Planning Year

Core Viewpoint - Talen Energy Corporation reported significant capacity revenues from the PJM Base Residual Auction for the 2027/2028 planning year, clearing 8,745 megawatts at a price of $333.44 per megawatt-day, resulting in approximately $1,067 million in revenues [1] Group 1: Company Overview - Talen Energy is a leading independent power producer and energy infrastructure company, operating approximately 13.2 gigawatts of power infrastructure in the U.S., including 2.2 gigawatts of nuclear power [2] - The company produces and sells electricity, capacity, and ancillary services in wholesale U.S. power markets, with generation assets located in the Mid-Atlantic, Ohio, and Montana [2] - Talen is positioned to support the growing demand for reliable, clean power from artificial intelligence data centers, contributing to the digital infrastructure revolution [2] Group 2: Financial Performance - The company cleared a total of 8,745 megawatts in the PJM Base Residual Auction, equating to capacity revenues of approximately $1,067 million for the 2027/2028 planning year [1] - The clearing price of $333.44 per megawatt-day reflects the market dynamics and demand for capacity in the PJM Interconnection Regional Transmission Organization [1]