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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

Mitsubishi Joins South Africa PBMR Nuclear Project

LCG, Aug. 20, 2001--Mitsubishi Heavy Industries Ltd. has announced that it will participate in the development of a 100 megawatt high-temperature gas reactor that is under design by Pebble Bed Modular Reactor Pty. Ltd. of South Africa, Asia Pulse reported this morning.

Mitsubishi thus joins Exelon Corp. of the U.S. and possibly Electricit de France in seeing a future for the small, modular nuclear reactor being developed by the South African utility Eskom, parent company for PBMR Ltd.

The pebble bed modular reactor is a nuclear power plant that uses coated uranium particlesencased in graphite to form a fuel sphere that is two and one-third inches in diameter and safe to handle. In addition, the design uses helium as the coolant and energy transfer medium to a closed cycle gas turbine and generator.

The design differs in a number of ways from conventional pressurized water reactors which most of those in the U.S. are. These design differences, according to backers, result in the reactor being an inherently safe and economical power plant.

Another virtue is the design's modularity. Units of 100 megawatts each can be combined to provide a power plant of nearly any total capacity desired.

Mitsubishi Heavy said it will examine the technical and commercial viability of turbine generators powered by helium heated inside the reactor, and will sign a formal contract shortly. The company will participate in PBMR Ltd.'s plans to begin building a prototype high-temperature gas reactor in March of next year, for completion by January 2007.

Exelon has asked the U.S. Nuclear Regulatory Commission to develop licensing standards for the pebble bed modular reactor and has indicated that it might seek such a license in about a year.

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