Talen Energy Corp. (TLNE)


Talen Energy is an independent power producer founded in 2015. It was formed when the competitive power generation business of PPL Corporation was spun off and immediately combined with competitive generation businesses owned by private equity firm Riverstone Holdings. The company owns and/or controls approximately 12,400 megawatts of generating capacity in wholesale U.S. power markets, principally in the Mid-Atlantic, Texas and Montana. Talen's generation facilities include nuclear, coal fired and natural gas power plants. The largest plant is the Susquehanna Steam Electric Station, a 2,700 MWe nuclear power plant, located on the Susquehanna River seven miles (11 km) northeast of Berwick, Pennsylvania. Talen is headquartered in Houston, Texas, and has operations in the United States, Canada and the United Kingdom. The company employs approximately 2,000 people.