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Talen Energy Expands Its Portfolio in PJM by Acquiring 2,904-MW of Combined-Cycle Facilities

LCG, July 18, 2025--Talen Energy Corporation yesterday announced it has signed agreements to acquire Caithness Energy’s Moxie Freedom Energy Center (Moxie) in Pennsylvania and Caithness Energy and BlackRock’s Guernsey Power Station (Guernsey) in Ohio. Talen expects the transaction to be immediately accretive to free cash flow per share by over 40 percent in 2026, and over 50 percent through 2029. The net acquisition price is $3.5 billion after adjusting for estimated tax benefits, or approximately $3.8 billion gross.

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Brookfield and Google Sign Nationwide Hydro Framework Agreement to Deliver up to 3,000 MW of Carbon-Free Hydro Power

LCG, July 16, 2025--Brookfield Asset Management (BAM), together with Brookfield Renewable (Brookfield) and Google yesterday announced a first-of-its-kind Hydro Framework Agreement (HFA) to deliver up to 3,000 MW of carbon-free hydroelectric capacity across the nation

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Industry News

Calpine Explores 1,000 Megawatt Fresno Plant

LCG, May 9, 2001Calpine Corp. and officials of Fresno, Calif., are in discussions concerning a 1,000 megawatt power plant the company is proposing to build in the farming center in California's Central Valley

Fresno City Council President Henry Perea said yesterday that Calpine was talking about building the big natural gas-fueled power plant within two and a half years at a cost of $500 million, but was unable to offer other details.

Katherine Potter, a spokeswoman for Calpine, said the company was looking at several Central Valley sites and acknowledged that a location in Fresno "looks promising." She said Calpine has its eye on the valley because, next to Silicon Valley, the need for additional sources of power is more acute than anywhere else in the state.

California agriculture, the most bountiful in the nation, runs on pumped water, and the pumps are powered by electricity.

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