Talen Energy Reports PJM Auction Results for the 2028/2029 Planning Year
Rhea-AI Summary
Talen Energy (NASDAQ: TLN) announced results from the PJM Base Residual Auction for the 2028/2029 planning year. The company cleared 10,180 megawatts of capacity at a clearing price of $325 per megawatt-day across the PJM Interconnection Regional Transmission Organization.
According to Talen, this outcome equates to approximately $1,208 million in projected capacity revenues for the 2028/2029 planning year, which runs from June 1, 2028 through May 31, 2029.
Positive
- 10,180 MW of capacity cleared in PJM 2028/2029 auction
- Auction clearing price of $325 per megawatt-day
- Implied 2028/2029 capacity revenues of about $1,208 million
Negative
- None.
News Market Reaction – TLN
In the Jul 15 session, TLN gained 0.80%, reflecting a mild positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 15 | Plant acquisition | Positive | +5.3% | Closed $3.45B purchase of three western PJM gas-fired plants. |
| Jun 01 | Regulatory clearances | Positive | +2.2% | Received final regulatory approvals for Lawrenceburg, Waterford and Darby acquisition. |
| May 20 | Leadership change | Positive | +8.9% | Appointed new General Counsel and Corporate Secretary succeeding retiring predecessor. |
| May 14 | Debt refinancing | Positive | -5.3% | Refinanced term loans and notes, targeting about $47M annual interest savings. |
| May 05 | 1Q26 earnings | Positive | +6.5% | Reported Q1 profit, strong EBITDA and reaffirmed 2026 EBITDA and FCF guidance. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent Talen headlines have more often coincided with positive price moves than with selloffs.
Key Terms
base residual auction technical
regional transmission organization technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
HOUSTON, July 14, 2026 (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 2028/2029 planning year. Talen cleared a total of 10,180 megawatts at a clearing price of
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 15.6 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, Ohio, Indiana, 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 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
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