Business UpdateJul 14, 2026, 05:31 PM
Talen Energy Secures $1.2B in PJM Auction for 2028/2029
AI Summary
Talen Energy Corporation announced its results from the PJM Base Residual Auction for the 2028/2029 planning year. The company cleared a total of 10,180 megawatts at a clearing price of $325 per megawatt-day. This translates to approximately $1,208 million in capacity revenues for the planning year, which runs from June 1, 2028, through 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.
- Revenues are for the 2028/2029 planning year.
- Planning year runs from June 1, 2028, through May 31, 2029.
Price Impact
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