Talen Energy Corporation (NASDAQ: TLN) has reported its results from the PJM base residual auction for the 2027/2028 planning year. The company cleared a total of 8,745 megawatts at a clearing price of $333.44 per megawatt-day across the PJM interconnection regional transmission organization, equating to approximately $1,067 million in capacity revenues for the 2027/2028 planning year.
Compared to the previous period, Talen Energy's cleared capacity has increased to 8,745 megawatts from the previous figure. Additionally, the clearing price has also risen to $333.44 per megawatt-day from the prior period. The capacity revenues for the 2027/2028 planning year have notably increased to approximately $1,067 million compared to the previous period.
Talen Energy, a leading independent power producer and energy infrastructure company, owns and operates approximately 13.2 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. The company produces and sells electricity, capacity, and ancillary services into wholesale U.S. power markets, with its generation fleet located in the mid-Atlantic, Ohio, and Montana. Talen Energy is also committed to generating power safely and reliably, delivering the most value per megawatt produced.
Headquartered in Houston, Texas, Talen Energy is also well-positioned to serve the growing digital infrastructure industry as artificial intelligence data centers increasingly demand more reliable, clean power. As a result of these announcements, the company's shares have moved -5.46% on the market, and are now trading at a price of $356.2175. Check out the company's full 8-K submission here.
