Talen Energy Corporation has announced definitive agreements to acquire Caithness Energy's Moxie Freedom Energy Center in Pennsylvania and Caithness Energy and BlackRock's Guernsey Power Station in Ohio. These combined-cycle gas-fired plants are located within the PJM power market. The acquisitions will expand Talen's fleet with high-efficiency, modern H-Class CCGTs, increasing their annual generation from approximately 40 TWh to 60 TWh. The transactions are expected to close in the fourth quarter of 2025, subject to customary closing conditions and regulatory approvals. RBC Capital Markets and Citi are serving as co-lead financial advisors to Talen, with Kirkland & Ellis LLP and White & Case LLP providing legal counsel.
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