Core Insights - Talen Energy Corporation plans to release its third quarter 2025 financial results on November 5, 2025, after market close [1] - The earnings call will be hosted by President and CEO Mac McFarland and CFO Terry Nutt at 4:15 p.m. ET on the same day [1] Company Overview - Talen Energy is a leading independent power producer and energy infrastructure company, operating approximately 10.3 gigawatts of power infrastructure in the U.S., including 2.2 gigawatts of nuclear power [3] - The company produces and sells electricity, capacity, and ancillary services into wholesale U.S. power markets, primarily in the Mid-Atlantic and Montana regions [3] - Talen is positioned to support the growing demand for reliable, clean power from artificial intelligence data centers, contributing to the digital infrastructure revolution [3]

Core Viewpoint - Talen Energy Corporation has announced the pricing of $1.40 billion in 6.250% senior notes due 2034 and $1.29 billion in 6.500% senior notes due 2036 to fund acquisitions of two natural gas-fired power plants [1][2] Group 1: Offerings and Financial Details - The total amount of the offerings is $2.69 billion, consisting of the 2034 Notes and 2036 Notes [1] - The offerings are expected to close on October 27, 2025, subject to customary closing conditions [1] - The company plans to use the net proceeds from these offerings along with a new $1.2 billion senior secured term loan B credit facility to fund the acquisitions [2] Group 2: Acquisitions - The acquisitions include the Freedom Energy Center, a 1,045 MW natural gas-fired combined cycle generation plant in Pennsylvania, and the Guernsey Power Station, a 1,836 MW natural gas-fired combined cycle generation plant in Ohio [2] - Both acquisitions are being made under purchase agreements dated July 17, 2025, with affiliates of Caithness Energy, L.L.C. [2] Group 3: Redemption Conditions - If the acquisitions are not completed by July 17, 2026, or if a triggering event occurs, the company will be obligated to redeem portions of the senior notes [3] - The redemption amounts include $625 million of the 2034 Notes and $575 million of the 2036 Notes related to the Freedom Acquisition, and $900 million of the 2034 Notes and $790 million of the 2036 Notes related to the Guernsey Acquisition [3] Group 4: Company Overview - Talen Energy is a leading independent power producer with approximately 10.3 gigawatts of power infrastructure in the U.S., including 2.2 gigawatts of nuclear power [6] - The company is positioned to serve the growing demand for reliable, clean power, particularly for artificial intelligence data centers [6]

Core Viewpoint - Talen Energy Corporation is proposing to offer senior notes due 2034 and 2036 to fund acquisitions of two natural gas-fired power plants, with a total capacity of 2,881 MW [1][2]. Group 1: Offerings and Financing - Talen Energy Supply, LLC plans to sell senior notes due 2034 and 2036 in private offerings exempt from registration under the Securities Act [1]. - The net proceeds from these offerings, along with a new $1.2 billion senior secured term loan B credit facility, will be used to fund the acquisitions of the Freedom Energy Center (1,045 MW) and the Guernsey Power Station (1,836 MW) [2]. Group 2: Acquisition Details - The acquisitions are governed by purchase agreements dated July 17, 2025, between Talen Generation, LLC and affiliates of Caithness Energy, L.L.C. [2]. - If the acquisitions are not completed by July 17, 2026, or if certain conditions are met, the company will redeem the notes [3]. Group 3: Regulatory Compliance - The notes will be offered only to qualified institutional buyers and non-U.S. persons, in compliance with Rule 144A and Regulation S under the Securities Act [4]. - The notes and related guarantees have not been registered under the Securities Act, limiting their sale in the U.S. [4]. Group 4: Company Overview - Talen Energy operates approximately 10.3 gigawatts of power infrastructure in the U.S., including 2.2 gigawatts of nuclear power [6]. - The company is positioned to support the growing demand for reliable, clean power, particularly for artificial intelligence data centers [6].

Group 1 - Talen Energy Corporation reported clearing 6,702 megawatts in the PJM Base Residual Auction for the 2026/2027 planning year at a price of $329.17 per megawatt-day, resulting in approximately $805 million in capacity revenues [1] - The planning year for the auction runs from June 1, 2026, to May 31, 2027 [1] - Talen Energy operates approximately 10.7 gigawatts of power infrastructure in the U.S., including 2.2 gigawatts of nuclear power and a significant fossil fleet [2] Group 2 - The company is positioned to serve the growing demand for reliable, clean power from artificial intelligence data centers [2] - Talen Energy is dedicated to generating power safely and reliably while delivering maximum value per megawatt produced [2]

Core Viewpoint - Talen Energy Corporation is set to release its second quarter 2025 financial results on August 7, 2025, with a subsequent earnings call to discuss these results [1]. Company Overview - Talen Energy is a leading independent power producer and energy infrastructure company, operating approximately 10.7 gigawatts of power infrastructure in the U.S., which includes 2.2 gigawatts of nuclear power [3]. - The company produces and sells electricity, capacity, and ancillary services into wholesale U.S. power markets, primarily located in the Mid-Atlantic and Montana regions [3]. - Talen Energy is positioned to support the growing demand for reliable and clean power, particularly from artificial intelligence data centers [3]. Earnings Call Details - The earnings call will be held at 8:00 a.m. EDT (7:00 a.m. CDT) on August 7, 2025, featuring discussions led by President and CEO Mac McFarland and CFO Terry Nutt [1]. - Participants can join the call via a webcast or by phone, with a digital replay available for approximately one year [2].