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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

NRG Buys, Will Expand, Delaware Cogen Plant

LCG, Aug. 28, 2000--NRG Energy Inc. said on Friday that its NRG Thermal Corp. subsidiary has purchased a cogeneration facility located in Dover, Del., from Statoil Energy Inc. and has changed the facilitys name to NRG Energy Center Dover.

NRG also said it would expand the 18 megawatt power output of the coal-fired plant by adding 88 megawatts of peaking power in the form of natural gas-fueled gas turbines operating in simple cycle. That power will be sold during periods of high demand into the regional wholesale market.

Heretofore, the Energy Center has produced 190,000 pounds of steam per hour as well as electricity for a Dover manufacturer.

"We are pleased to help our current steam customer remain a strong manufacturing plant in a highly competitive market," said Michael R. Carroll, president of NRG Thermal.

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