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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

Jamaica Public Service Leaves Presidential Dinner Guests Powerless

LCG, August 7, 2002-Mirant Corp.-owned Jamaica Public Service, the only electricity company in the area, was unable to keep the lights on during a government party.

Jamaican Prime Minister P.J. Patterson, Guyana President Bharrat Jagdeo and Nigerian President Olusegun Obasanjo, along with world heavyweight boxing champion Lennox Lewis, were left in the dark during a power failure of over an hour.

An earlier party, in February, resulted in similar embarrassment when Britain's Queen Elizabeth and a hundred others joined Jamaica's Governor General at his home.

Jamaica Public Service owns generation, transmission, and distribution of all electricity in Jamaica and claims to provide electricity to 95 percent, or 2.5 million, of people in Jamaica.

The company, of which 80 percent is owned by U.S. Corporation Mirant, has 800 MW total generating capacity with an additional 120 MW plant in construction.

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