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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

Pennsylvania Dereg Savings Evaporate

LCG, April 17, 2001When Pennsylvania deregulated its electric industry, success was measured in part by the numbers of customers who switched to new sources of power, and saved money in the process. And many customers switched, including about 100,000 householders who left Duquesne Light Co. and began buying electricity from Allegheny Energy Supply.

According to a story in this morning's Pittsburgh Post-Gazette, Allegheny Energy has begun notifying those 100,000 residential customers that it is raising rates to 4.89 cents per kilowatt-hour, up from the 3.95 cents to 4.60 cents it charged when they switched.

The new prices, which go into effect next month, will be the same prices that Duquesne Light's energy supplier, Orion Holdings, charges customers who did not switch to an alternative electricity supplier, the paper said.

Allegheny Energy spokeswoman Janice Lantz blamed the price increase on soaring wholesale power prices throughout the country. "Deregulation is on hold," she said, adding that the benefits derived from it could re-appear if wholesale prices moderate.

Those Allegheny Energy Supply customers who decide to remain with the company instead of returning to Duquesne will pay the 4.89 cents rate through February 2002, after which the rate is expected to rise to 5.61 cents a kilowatt hour -- slightly below what Duquesne is expected to charge, the Post-Gazette said.

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