Talen Energy Reports PJM Auction Results for the 2026/2027 Planning Year

Rhea-AI Summary

Talen Energy (NASDAQ: TLN), a leading independent power producer, has announced successful results from the PJM Base Residual Auction for the 2026/2027 planning year. The company secured clearance for 6,702 megawatts at a clearing price of $329.17 per megawatt-day across multiple Locational Deliverability Areas including MAAC, PPL, and PSEG.

This auction performance is expected to generate approximately $805 million in capacity revenues during the planning period from June 1, 2026, through May 31, 2027.

Positive

• Secured significant capacity revenue of $805 million for 2026/2027
• Successfully cleared 6,702 megawatts in the PJM auction
• Strong clearing price of $329.17 per megawatt-day

Negative

• None.

HOUSTON, July 22, 2025 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen,” “we,” or “our”) (NASDAQ: TLN), a leading independent power producer, today reported its results from the PJM Base Residual Auction for the 2026/2027 planning year. Talen cleared a total of 6,702 megawatts at a clearing price of $329.17 per megawatt-day across the MAAC, PPL and PSEG Locational Deliverability Areas, equating to approximately $805 million in capacity revenues for the 2026/2027 planning year. The planning year runs from June 1, 2026, through May 31, 2027.

About Talen

Talen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably and delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution. We are well-positioned to serve this growing industry, as artificial intelligence data centers increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/.

Investor Relations:
Sergio Castro
Vice President & Treasurer
InvestorRelations@talenenergy.com

Media:
Taryne Williams
Director, Corporate Communications
Taryne.Williams@talenenergy.com

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecasts,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things, capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources and accounting matters. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations, and are subject to numerous factors that present considerable risks and uncertainties.

FAQ

What were Talen Energy's (TLN) PJM auction results for 2026/2027?

Talen Energy cleared 6,702 megawatts at $329.17 per megawatt-day, securing approximately $805 million in capacity revenues for 2026/2027.

How much revenue will Talen Energy generate from the 2026/2027 PJM capacity auction?

Talen Energy will generate approximately $805 million in capacity revenues for the 2026/2027 planning year.

Which regions did Talen Energy secure capacity in the PJM auction?

Talen Energy secured capacity across three Locational Deliverability Areas: MAAC, PPL, and PSEG.

What is the duration of Talen Energy's 2026/2027 PJM planning year?

The planning year runs from June 1, 2026, through May 31, 2027.