GlobeNewswire·Nov 11, 2026, 6:30 AM ET

Talen Signs 750 MW Long-Term Capacity Agreement

Talen Energy announced a seven-year long-term capacity sale of 750 MW to an investment grade counterparty in PJM.
The agreement covers PJM Delivery Years 2029/2030 through 2035/2036 & is expected to generate approximately $100 million in annual revenue.
The Guernsey Power Station will contribute 750 MW of accredited capacity under the deal.
Combined with cleared capacity auctions, Talen now has ten years of visibility covering approximately $1 billion of cumulative capacity revenue.
The contract increases the share of Talen's contracted gross margin to 40% through 2036 when paired with the AWS long-term agreement.
More than one-third of Talen's ELCC-accredited capacity is now under long-term contract.
Talen also contracted the remaining 588 MW of Guernsey capacity for the 2029/2030 delivery year.
An additional 702 MW from the Waterford Energy Center was contracted for three years covering delivery years 2029/2030 through 2031/2032.
Total contracted capacity from these transactions exceeds 2 GW for the 2029/2030 planning year.
Talen operates approximately 15.5 GW of power infrastructure in the U.S., including 2.2 GW of nuclear power.

Company: Talen Energy Corporation
Keywords: Nasdaq:TLN, Talen Energy Corporation, Talen Energy, NASDAQ: TLN, Powering the Future