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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

Enron May Exit Wind Power by Year End

LCG, July 5, 2001--Enron Corp. may exit the wind power business by the end of this year as part of its plans to refashion itself as a trading and marketing company, Enron Wind managing directorAndreas Reuter said yesterday.

Attending a week-long European Wind Energy Conference and exhibition in Copenhagen, Reuter said "Enron has a plan to sell off its assets not linked to trading, and Enron Wind is considered (such) an asset. We might find a solution this year."

"The most likely outcome is for a financial investor to take over the company and launch an IPO in two years time," he added.

Last year, Enron had trouble siting a wind farm in California when environmentalists discovered that the site chosen was in the path of flights by the almost-extinct California Condor, but another acceptable site was found.

In Europe, Enron has voiced interest in wind projects for Britain, France, Ireland and The Netherlands and has installed wind capacity in Germany and Spain. "If the British market starts moving, we would consider manufacturing blades over there," Reuter said.

Based on figures for the year 2000, Enron has about 6 percent of the world's installed wind power capacity, about a third of the leader Vestas Wind Systems of Denmark.

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