The Federal Energy Regulatory Commission (FERC) has approved a reliability-must-run (RMR) agreement for Talen Energy Corporation (NASDAQ: TLN) to continue operating units at its Brandon Shores and H.A. Wagner power plants through May 31, 2029, extending beyond their planned May 31, 2025 retirement dates. The agreement involves Brandon Shores Units 1 and 2 and H.A. Wagner Units 3 and 4, which will maintain grid and transmission reliability in the Baltimore area until transmission upgrades are completed. The settlement was reached in January between Talen, PJM Interconnection, Maryland Public Service Commission, Maryland customers, and electric utilities, aiming to ensure reliable electricity supply while protecting consumer rates.
La Federal Energy Regulatory Commission (FERC) ha approvato un accordo di affidabilit脿 obbligatoria (RMR) per Talen Energy Corporation (NASDAQ: TLN) che consente di continuare a gestire le unit脿 delle centrali di Brandon Shores e H.A. Wagner fino al 31 maggio 2029, oltre la data di dismissione prevista del 31 maggio 2025. L'accordo riguarda le unit脿 1 e 2 di Brandon Shores e le unit脿 3 e 4 di H.A. Wagner, che garantiranno l'affidabilit脿 della rete e della trasmissione nell'area di Baltimora fino al completamento degli aggiornamenti della rete di trasmissione. L'intesa 猫 stata raggiunta a gennaio tra Talen, PJM Interconnection, la Maryland Public Service Commission, i clienti del Maryland e le societ脿 elettriche, con l'obiettivo di assicurare una fornitura elettrica affidabile tutelando al contempo le tariffe dei consumatori.
La Comisi贸n Federal Reguladora de Energ铆a (FERC) ha aprobado un acuerdo de operaci贸n obligatoria por confiabilidad (RMR) para que Talen Energy Corporation (NASDAQ: TLN) contin煤e operando las unidades en sus plantas de energ铆a Brandon Shores y H.A. Wagner hasta el 31 de mayo de 2029, extendiendo m谩s all谩 de sus fechas de retiro planificadas para el 31 de mayo de 2025. El acuerdo incluye las Unidades 1 y 2 de Brandon Shores y las Unidades 3 y 4 de H.A. Wagner, que mantendr谩n la confiabilidad de la red y la transmisi贸n en el 谩rea de Baltimore hasta que se completen las mejoras en la transmisi贸n. El acuerdo se alcanz贸 en enero entre Talen, PJM Interconnection, la Comisi贸n de Servicio P煤blico de Maryland, los clientes de Maryland y las compa帽铆as el茅ctricas, con el objetivo de garantizar un suministro el茅ctrico confiable mientras se protegen las tarifas para los consumidores.
La Federal Energy Regulatory Commission (FERC) a approuv茅 un accord de fonctionnement obligatoire pour la fiabilit茅 (RMR) permettant 脿 Talen Energy Corporation (NASDAQ: TLN) de continuer 脿 exploiter les unit茅s de ses centrales de Brandon Shores et H.A. Wagner jusqu'au 31 mai 2029, au-del脿 de leurs dates de retraite pr茅vues au 31 mai 2025. Cet accord concerne les unit茅s 1 et 2 de Brandon Shores ainsi que les unit茅s 3 et 4 de H.A. Wagner, qui assureront la fiabilit茅 du r茅seau et de la transmission dans la r茅gion de Baltimore jusqu'脿 la fin des mises 脿 niveau du r茅seau de transmission. Le r猫glement a 茅t茅 conclu en janvier entre Talen, PJM Interconnection, la Maryland Public Service Commission, les clients du Maryland et les compagnies 茅lectriques, dans le but de garantir une alimentation 茅lectrique fiable tout en prot茅geant les tarifs des consommateurs.
Die Federal Energy Regulatory Commission (FERC) hat eine Zuverl盲ssigkeits-Weiterbetriebsvereinbarung (RMR) f眉r Talen Energy Corporation (NASDAQ: TLN) genehmigt, die den Betrieb der Einheiten in den Kraftwerken Brandon Shores und H.A. Wagner bis zum 31. Mai 2029 verl盲ngert, 眉ber deren urspr眉nglich geplantes Ausmusterungsdatum am 31. Mai 2025 hinaus. Die Vereinbarung betrifft die Einheiten 1 und 2 von Brandon Shores sowie die Einheiten 3 und 4 von H.A. Wagner, die die Netz- und 脺bertragungszuverl盲ssigkeit im Raum Baltimore aufrechterhalten, bis die 脺bertragungsupgrades abgeschlossen sind. Die Einigung wurde im Januar zwischen Talen, PJM Interconnection, der Maryland Public Service Commission, den Kunden in Maryland und den Elektrizit盲tsversorgern erzielt, mit dem Ziel, eine zuverl盲ssige Stromversorgung sicherzustellen und gleichzeitig die Verbraucherpreise zu sch眉tzen.
Positive
Extension of power plant operations ensures continued revenue stream until 2029
Agreement provides stable, predictable income through RMR structure
Maintains critical infrastructure role in Baltimore's power supply
Collaboration with multiple stakeholders demonstrates strong relationships with regulators and utilities
Negative
Plants were originally scheduled for retirement, suggesting potential operational inefficiencies or environmental concerns
Temporary solution until transmission upgrades are completed, indicating no long-term role beyond 2029
Agreement maintains reliable electricity supply in Baltimore through May 2029
HOUSTON, May 01, 2025 (GLOBE NEWSWIRE) -- Talen Energy Corporation (鈥淭alen鈥�) () announced today that the Federal Energy Regulatory Commission (the 鈥淔ERC鈥�) has approved the terms under which Talen will operate units at its Brandon Shores and H.A. Wagner power plants until May 31, 2029, beyond their scheduled May 31, 2025 retirement dates.
Talen, PJM Interconnection, L.L.C. (鈥淧JM鈥�), and a broad coalition of the Maryland Public Service Commission, Maryland customers, and electric utilities reached agreement in January on the 鈥渞eliability-must-run鈥� or 鈥淩MR鈥� agreement approved today by FERC. Under the RMR agreement, Brandon Shores Units 1 and 2 and H.A. Wagner Units 3 and 4 will remain in service and provide power necessary to maintain grid and transmission reliability in and around the City of Baltimore until transmission upgrades to provide reliable power to the area from other sources are complete.聽聽
鈥淲e appreciate FERC鈥檚 approval of this important agreement, which will help to ensure the reliable supply of electricity to the people of Baltimore and its surrounding area,鈥� said Mac McFarland, President and Chief Executive Officer of Talen. 鈥淭alen is pleased to help provide critical infrastructure with an RMR structure that simultaneously creates reliable electricity in Baltimore and protects Maryland consumer rates.鈥�
About Talen
Talen Energy () 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, delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution. We are well-positioned to capture this significant growth opportunity, as data centers serving artificial intelligence increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit聽.
Investor Relations: Sergio Castro Vice President & Treasurer
Media: Taryne Williams Director, Corporate Communications
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 is the significance of FERC's approval for Talen Energy's power plants?
FERC's approval allows Talen Energy to continue operating its Brandon Shores and H.A. Wagner power plants until May 2029, ensuring reliable electricity supply to Baltimore beyond their planned 2025 retirement dates.
How long will Talen Energy (TLN) operate the Baltimore power plants under the new agreement?
The reliability-must-run (RMR) agreement extends the operation of the power plants from May 31, 2025, to May 31, 2029.
Which Talen Energy power units are covered under the FERC-approved agreement?
The agreement covers Brandon Shores Units 1 and 2 and H.A. Wagner Units 3 and 4.
Why are Talen Energy's power plants being kept operational beyond their retirement date?
The plants are being kept operational to maintain grid and transmission reliability in Baltimore until transmission upgrades are completed to provide reliable power from other sources.
Who are the parties involved in Talen Energy's RMR agreement?
The agreement involves Talen Energy, PJM Interconnection, Maryland Public Service Commission, Maryland customers, and electric utilities.
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