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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

Calypso LNG Proposal Moves Ahead

LCG, November 3, 2006--Calypso LNG, LLC ("Calypso"), Wednesday announced that it has received a notification from the United States Coast Guard stating that Calypso's application for a Deepwater Port License is complete. A statutory review period for approval of the license to build and operate Calypso's proposed offshore liquefied natural gas facility is expected to begin shortly.

The proposed Calypso Deepwater Port is to be built approximately 10 miles offshore from Port Everglades, Florida. The terminal is designed to receive liquefied natural gas (LNG) from LNG tankers. The terminal will be connected to an undersea pipeline that will have the capability to transport approximately 800 MMcf/day of natural gas to pipelines and markets in Florida.

The undersea pipeline will be operated by Calypso U.S. Pipeline, LLC. Both Calypso LNG, LLC and Calypso U.S. Pipeline, LLC are subsidiaries of SUEZ Energy North America (Suez). The terminal and pipeline projects are expected to commence operations in 2010.




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