trending Market Intelligence /marketintelligence/en/news-insights/trending/WffpOwYVuT85lC5tKufBRA2 content esgSubNav
In This List

Talen Energy completes sale of 2 Pa. hydro projects for $860M

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share

Blog

Activity Volumes Across the Equity Capital Markets Dropped Significantly in 2022


Talen Energy completes sale of 2 Pa. hydro projects for $860M

Talen EnergyCorp. on April 1 said it closed the of two hydroelectric plants inPennsylvania to a subsidiary of BrookfieldRenewable Energy Partners LP for $860 million.

The sold facilities are the Holtwood project in Lancaster County andLake Wallenpaupackplant in the Pocono Mountain region, with a combined generating capacity of 292MW. The total purchaseprice is subject to customary post-closing adjustments.

The sale completes the asset divestitures within thePJM Interconnection LLCenergy market required by a December 2014 FERC approving the transactions thatresulted in the formation of Talen Energy, which was split off from

RBC Capital Markets served as financial adviser to TalenEnergy, while Simpson Thacher & Bartlett LLP acted as transaction counsel.