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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

Niagara Mohawk and NRG Energy Inc. Sued by New York

LCG, Jan. 11, 2002--New York Attorney General announced a lawsuit against the owners of two coal-fired power plants in the western part of the state, for making improvements while failing to install pollution controls.

Eliot Spitzer, the attorney general, said that during the period from 1982 to 1999, over 50 incidences of violations of the Clean Air Act occurred. In 1999, Niagara Mohawk sold both the Dunkirk and C.R. Huntley power plants to the Minneapolis firm NRG. Prior to the sale, Niagara Mohawk made significant upgrades to the plants.

According to state regulators, federal law would have required that under "new source review" rules that are part of federal law, emissions were required to be under more stringent control.

Niagara Mohawk's contention, expressed by Ken Tompkins, is that the modifications did not represent a significant reconfiguration of the plants, and as such would not have fallen under the rule. The company filed suit against the plants' buyer in July, and looked to the state Supreme Court to enforce what Niagara Mohawk says is a provision in the sales contract that puts responsibility for new emission controls in the care of NRG.

NRG's Craig Mataczynski said that "NiMo has refused to cooperate and the state has chosen to pursue a lengthy litigation, rather than reaching a settlement that would have immediate environmental benefits."
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