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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

Progress Energy Plans Florida Peaking Plant

LCG, July 10, 2001Progress Energy Inc. said yesterday it plans to build a 320 megawatt natural gas-fueled power plant about 50 miles east of Sarasota. The facility is expected to begin commercial operation next year.

Progress Energy, which was formed by the merger between Carolina Power & Light Co. and Florida Progress Corp., said it had purchased the 30-acre site near Arcadia, Fla. from Entergy Wholesale Operations, and will lease additional property abutting it.

The company plans to install two 160 megawatt combustion turbines on the site, which will operate in simple cycle as a peaking plant, producing power during periods of highest demand.

Progress Energy said environmental permits and zoning have been approved for the site, and site clearing is scheduled to get under way today, followed this fall by construction, with the units coming on line next summer.

The 320 megawatt plant will be owned and operated by an ad hoc subsidiary, DeSoto County Generating Co. The site is permitted to accommodate an additional combustion turbine, though at this time, there is no definitive schedule for adding a third unit, the company said.

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