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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

Midwest ISO Begins 45-day Market Test

LCG, Aug. 2, 2001--The Midwest Independent Transmission System Operator Inc. yesterday began 45 days of market trials, a series of validations and drills it hopes will demonstrate its ability to operate the first regional transmission system in the Midwest.

The Midwest ISO is expected to become operational this coming December 15, but first must show the Federal Energy Regulatory Commission that all necessary features are in place to ensure continuing reliable grid operations.

"With the help of our transmission owners we are beginning the readiness demonstrations that willtest all of our systems, from the initial point when transmission requests are made to the time whenthe bills are issued," said Michael J. Gahagan, chief information officer.

The ISO said it will conduct drills in the following operational areas: transmission market activities, tagging and scheduling, flowgate verification, transmission (operational) planning, security coordination, security response, outage scheduling, maintenance coordination, 24x7 operations and daily and monthly settlements and billing.

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