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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

Texas to get a Whiff of Electric Dereg Tomorrow

LCG, July 30, 2001One out of 20 retail electric customers in Texas will be eligible to start receiving power from an alternative service provider beginning at 12:01 tomorrow morning, as the state begins a pilot program to get ready for full deregulation next January 1.

Originally set to begin June 1, the pilot program has been delayed by computer problems. At least one alternative service provider, and an environmentally friendly one at that, thinks the wait was worth it.

Eleanor Scott, a spokeswoman for Green Mountain Energy, said "We think waiting until all the systems are ready will let us provide good customer service."

Good service without California's problems, is the promise of Texas industry officials. They point to recent commissioning of several new power plants in the Lone Star State as insurance against soaring prices and rolling blackouts.

In Texas, and everywhere else but Sacramento, an insufficiency of supply in California is seen as the cause of that state's problems. In California, the high power prices and rolling blackouts are blamed on energy companies from Texas.

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