Talen to buy natural gas-fired generating portfolio for nearly $2 B

money

Talen Energy Corp. (NYSE: TLN) signed an agreement to acquire Mach Gen LLC. for $1.175 billion.
 
Mach Gen owns more than 2,500-MW of combined-cycle, natural gas-fired generating capacity in New York, Massachusetts and Arizona. When the transaction closes, Talen Energy’s total generating capacity will increase to 17,600 MW, before the required sale of about 1,300 MW to meet a mitigation order from the Federal Energy Regulatory Commission (FERC) pertaining to the deal that created Talen Energy.
 
The deal is scheduled to close by the end of 2015, pending regulatory approvals.

Subscribe to Power Engineering magazine



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...