Talen Energy Secures Approval for Extended Plant Operation
Talen Energy Secures Approval from FERC
HOUSTON, May 1, 2025 – Talen Energy Corporation (“Talen”) (NASDAQ: TLN) has celebrated a significant milestone with the Federal Energy Regulatory Commission (FERC) granting approval for the continued operation of its power units located at the Brandon Shores and H.A. Wagner power plants. This agreement extends the operational timeline of these units until May 31, 2029, going beyond their initial retirement scheduled for May 31, 2025.
The Importance of the Reliability Must Run Agreement
PJM Interconnection, L.L.C. (“PJM”) and Talen reached a comprehensive understanding with various stakeholders, including the Maryland Public Service Commission and local electric utilities. The crux of this agreement is the “reliability-must-run” (RMR) framework, which plays a crucial role in the electricity supply chain for the Baltimore area.
Ensuring Continuous Power Supply
Under the RMR agreement, Units 1 and 2 at Brandon Shores, along with Units 3 and 4 at H.A. Wagner, will remain operational to support grid reliability. This will help stabilize the electricity supply in and around the City of Baltimore while essential transmission upgrades are undertaken to facilitate power delivery from additional sources.
Leadership Commentary
“We appreciate FERC’s acknowledgement of this vital agreement which safeguards a reliable electricity supply for Baltimore and its adjoining regions,” expressed Mac McFarland, President and Chief Executive Officer of Talen. He further emphasized that Talen’s efforts are directed at providing critical infrastructure while ensuring that electricity rates remain economical for Maryland consumers.
About Talen Energy Corporation
Talen Energy (NASDAQ: TLN) is an independent leader in the energy sector, focused on fulfilling the power demands of the future. The company holds operational control over approximately 10.7 gigawatts of power infrastructure across the United States, which includes around 2.2 gigawatts from nuclear sources and a robust fleet of dispatchable fossil fuel generators.
Powering More Than Just Electricity
Talen Energy not only produces and sells electricity but also provides capacity and ancillary services for wholesale U.S. power markets, with a significant presence in the Mid-Atlantic region and Montana. Additionally, Talen is committed to staying at the forefront of the digital infrastructure revolution, catering to the growing demand for clean and reliable power from emerging data center technologies.
Commitment to Reliability and Safety
The firm prides itself on maintaining high standards of safety and reliability in power generation. Their operational strategy ensures that they deliver the greatest value per megawatt generated, which resonates with their mission of powering the future sustainably.
Get in Contact
Talen Energy invites stakeholders to reach out for more information or inquiries:
Investor Relations
Sergio Castro
Vice President & Treasurer
InvestorRelations@talenenergy.com
Media Inquiries
Taryne Williams
Director, Corporate Communications
Taryne.Williams@talenenergy.com
Frequently Asked Questions
What is the significance of the FERC approval for Talen Energy?
The approval allows Talen Energy to extend the operation of its power plants until 2029, ensuring a stable electricity supply for the Baltimore area.
What is the RMR agreement?
The reliability-must-run (RMR) agreement is an operational framework that enables certain power plants to continue functioning to maintain grid reliability.
How long will the Brandon Shores and H.A. Wagner plants operate?
The plants will operate under the RMR agreement until May 31, 2029, beyond their previously planned retirements.
What role does Talen Energy play in the electricity market?
Talen Energy is a major independent power producer, generating and selling electricity while also providing ancillary services in the wholesale electricity market.
How does Talen Energy contribute to clean power initiatives?
Talen is actively involved in deploying cleaner power solutions, particularly with the increase in demand from data centers and technological advancements.
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