Talen Energy Corp Clears Final Regulatory Hurdles for Acquisition of Three Power Plants From Energy Capital Partners

MT Newswires Live

06/02

Talen Energy Corp (TLN) has received all remaining regulatory approvals for its acquisition of three natural gas power plants from Energy Capital Partners, clearing the way for an imminent close, the company said Monday.

The company received FERC clearance on June 1, and Indiana Utility Regulatory Commission approval on May 27, with the Hart-Scott-Rodino waiting period having expired in March.

The acquisition covers the Lawrenceburg Power Plant in Indiana and the Waterford Energy Center and Darby Generating Station in Ohio.

Talen said it expects the remaining customary closing conditions to be promptly satisfied, with the deal anticipated to close in the coming weeks.

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