Talen Energy cleared 8,745 MW at $333.44/MW-day in PJM auction for $1,067M in capacity revenues.
Houston-based Talen Energy Corporation, a prominent independent power producer listed as TLN on NASDAQ, announced its outcomes from the PJM Base Residual Auction for the 2027/2028 planning term. Talen successfully auctioned off a total of 8,745 megawatts with a clearing rate of $333.44 per megawatt-day throughout the PJM Interconnection Regional Transmission Organization. This achievement translates to an estimated $1,067 million in capacity revenues for the specified planning duration, running from June 1, 2027, to May 31, 2028.
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