Business UpdateJul 14, 2026, 05:28 PM
Talen Energy Clears 10,180 MW in PJM Auction; Secures $1.2B Revenue
AI Summary
Talen Energy Corporation announced its results from the PJM Base Residual Auction for the 2028/2029 planning year. The company successfully cleared 10,180 megawatts at a price of $325 per megawatt-day. This outcome is projected to generate approximately $1,208 million in capacity revenues for the period spanning June 1, 2028, to May 31, 2029.
Key Highlights
- Cleared 10,180 megawatts in the PJM Base Residual Auction.
- Secured approximately $1,208 million in capacity revenues.
- Clearing price of $325 per megawatt-day.
- Auction results for the 2028/2029 planning year.
- Planning year runs from June 1, 2028, through May 31, 2029.
Price Impact
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