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Talen Energy Reports PJM Auction Results for the 2027/2028 Planning Year
Globenewswire· 2025-12-17 22:05
HOUSTON, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen,” “we,” or “our”) (NASDAQ: TLN), a leading independent power producer, today reported its results from the PJM Base Residual Auction for the 2027/2028 planning year. Talen cleared a total of 8,745 megawatts at a clearing price of $333.44 per megawatt-day across the PJM Interconnection Regional Transmission Organization, equating to approximately $1,067 million in capacity revenues for the 2027/2028 planning year. The planning year r ...
Capital Power Announces Conversion Results for Its Preferred Shares (Series 1)
Globenewswire· 2025-12-17 21:30
Group 1 - Capital Power Corporation announced that less than one million Series 1 Shares were tendered for conversion into Series 2 Shares, resulting in no Series 2 Shares being issued at this time [1] - There are 5,000,000 Series 1 Shares listed on the Toronto Stock Exchange under the symbol CPX.PR.A, with an annual fixed dividend rate reset to 4.95800% effective December 31, 2025 [2] Group 2 - Capital Power is a growth-oriented power producer with approximately 12 GW of power generation capacity across 32 facilities and battery energy storage in North America [5]
Conduit Power to Develop 200 MW of Distributed Generation in ERCOT; Secures Diamondback Energy and Granite Ridge Resources as Financial Partners
Businesswire· 2025-12-17 18:12
Core Viewpoint - Conduit Power, LLC has secured financial agreements with Diamondback Energy, Inc. and Granite Ridge Resources for the development of 200 megawatts of new natural gas power generation assets aimed at supplying energy and ancillary services to ERCOT, Texas's largest power grid operator [1]. Group 1 - Conduit Power is developing 200 megawatts of new natural gas power generation assets [1]. - The agreements involve collaboration with Diamondback Energy and Granite Ridge Resources [1]. - The energy produced will be sold to the Electric Reliability Council of Texas (ERCOT) [1].
Is it time to sell Magnificent 7 stocks? Plus, the best-positioned energy stocks to consider
Youtube· 2025-12-17 16:33
[music] Good Wednesday morning. Welcome to opening bid. I'm Yahoo Finance [music] executive editor Brian Sazzy and after an absolutely brutal workout last night, I am searching for some comfort.[music] And where do I find that comfort. You are wondering, diving to all things individual stocks. Hey, we all have our thing [music] and stocks and workouts are mine.Here's where my head is at right now. Now, lock yourself in a room [music] and have a deep think on this dose of research from the team at Barclays o ...
TransAlta Gets Energy Department Order to Keep Washington Coal-Fired Plant in Operation for 90 Days
WSJ· 2025-12-17 13:04
TransAlta has been ordered by the Energy Department to keep open for a 90-day period a coal-fired power station in Washington state that had been earmarked for closure. ...
GE Vernova price target raised to $840 from $735 at Goldman Sachs
Yahoo Finance· 2025-12-17 12:35
Core Viewpoint - Goldman Sachs analyst Joe Ritchie has raised the price target for GE Vernova (GEV) to $840 from $735 while maintaining a Buy rating on the shares, indicating a positive outlook for the company in the power market [1]. Group 1: Financial Projections - GE Vernova's 2028 targets have been significantly revised upwards, projecting $52 billion in revenue [1]. - The company anticipates achieving a 20% adjusted EBITDA margin by 2028 [1]. - GE Vernova expects to generate at least $22 billion in cumulative free cash flow from 2025 to 2028 [1]. Group 2: Market Position - The power market is seen as being at an early inflection point, with GE Vernova positioned as a leading option for investors seeking exposure [1].
Department of Energy Mandates Centralia Unit 2 Remain Available for Operation for 90 Days
Globenewswire· 2025-12-17 12:00
CALGARY, Alberta, Dec. 17, 2025 (GLOBE NEWSWIRE) -- TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) confirms that its subsidiary, TransAlta Centralia Generation LLC, has received an order (the Order) from the United States Department of Energy. The Order mandates that Centralia Unit 2 in Washington State remain available for operation, for a period of 90 days, until March 16, 2026. TransAlta is currently evaluating the Order and will work with the state and federal governments in rela ...
Vedanta shares in focus as NCLT approves demerger into independent listed companies
The Economic Times· 2025-12-17 02:47
Core Viewpoint - The National Company Law Tribunal (NCLT) has approved Vedanta's demerger into four independent, sector-focused companies, creating a total of five listed entities, which aims to enhance strategic focus and operational efficiency [1][9]. Group 1: Demerger Details - The demerger will result in the formation of five separate entities: Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Iron & Steel, and a residual entity, Vedanta Limited [2][10]. - Each new entity will have independent access to capital, dedicated management teams, and the ability to respond to sector-specific market trends [5][11]. Group 2: Shareholder Impact - Shareholders of Vedanta will receive proportional equity shares in each of the newly formed entities, in addition to their existing holdings, ensuring continuity of ownership [6][11]. Group 3: Strategic Alignment - The reorganization aligns with India's infrastructure, energy transition, and manufacturing goals, positioning each entity to better meet evolving market demands [7][11]. - Anil Agarwal, Chairman of Vedanta, emphasized that the demerger is a significant step towards creating focused companies that can attract strategic investments and deliver superior value, particularly as sectors are experiencing double-digit growth [8][11].
Hallador Energy Advances Expansion into Natural Gas Power Generation through ERAS Application
Globenewswire· 2025-12-16 21:05
Core Viewpoint - Hallador Energy Company has finalized its application for the Expedited Resource Addition Study (ERAS) program, which aims to facilitate the addition of up to 515 MW of natural gas generation at its Merom Generating Station, with deposits totaling approximately $13 million made as part of the application process [1][2]. Group 1: Application and Development Plans - The completion of the application is a significant step towards expanding power generation capabilities at the Merom site, allowing Hallador to serve a broader range of customers in the high-demand energy sector [2]. - The company is actively evaluating financing options and plans to secure generating infrastructure while the ERAS application is under review [2]. - To support the development efforts related to the ERAS project, Hallador has filed a prospectus supplement to raise up to $50 million of common stock under its existing ATM program [2]. Group 2: Company Overview - Hallador Energy Company is a vertically-integrated Independent Power Producer (IPP) based in Terre Haute, Indiana, with two main businesses: Hallador Power Company, LLC, which operates the one Gigawatt (GW) Merom Generating Station, and Sunrise Coal, LLC, which supplies fuel to the Merom Generating Station and other companies [5].
Why New AI IPO Stock Fermi Is Rebounding After Plunging Over 40% in 2 Days
The Motley Fool· 2025-12-16 20:04
Fermi is building a massive power grid to support AI data centers, but it just faced a major setback.Fermi (FRMI +13.50%) is perhaps among the few artificial intelligence (AI) stocks you'd not have heard about until its recent wild price swings. The stock soared 17.2% at its highest point in trading on Tuesday, but that's after a 44% plunge over the previous two trading days. Is this a dead cat bounce or an opportunity to buy Fermi before it's too late? What does Fermi do, and what's going on with its stock ...