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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

LIPA's Ten-Year Plan Calls for Additional 1,000 MW

LCG, May 26, 2004--In order to meet demand that is growing at "an unprecedented pace," the Long Island Power Authority will move ahead with proposals for generating capacity and demand reduction, to enable it to secure 1,000 megawatts' worth of additional supply during the next ten years.

The generation to be built will come in part if not entirely from a set of four RFP's that were issued in 2003 and 2004. While LIPA's transmission and distribution system allow it to serve approximately 1.1 million customers, demand is growing at approximately 100 megawatts per year, according to Richard Kessel, LIPA's chairman.

The utility, which is owned by New York State, is now considering the recommendations of its Selection Commitee, including two proposals for a wind farm that could provide up to a maximum of 140 MW. It also is considering 12 proposals that aim to reduce power requirements through increased efficiency, and 15 proposals, from which the Selection Committee identified a pair of combined-cycle projects.
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