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Company Directory - Talen Energy Corporation

Company Details - Talen Energy Corporation

Talen Energy Corporation Logo

Talen Energy Corporation

Website

NYSE: TLN 

Talen Energy Corporation is a power generation company that operates a near pure‐play PJM generator model with a gas‐heavy fleet, offering high leverage to PJM pricing trends. The company focuses on delivering reliable electricity generation across the Mid-Atlantic region through its diversified and competitive asset portfolio.

CCI Score

CCI Score: Talen Energy Corporation

-5.62

Latest Event

Talen Energy Reaches RMR Settlement Agreement

Talen Energy Corporation, in collaboration with PJM Interconnection, the Maryland Public Service Commission, and other stakeholders, has reached a reliability must-run settlement agreement to operate its Brandon Shores and H.A. Wagner power plants until May 31, 2029. This agreement is designed to ensure critical infrastructure reliability in Baltimore while protecting Maryland consumer electricity rates.

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COLLABORATOR

Talen Energy Corporation is currently rated as a Collaborator.

-5 to -9 CCI Score
In this category, companies align with authoritarian practices mainly to avoid trouble or regulatory conflict. Their compliance is driven by self-preservation, resulting in minimal resistance even as they participate in oppressive systems.

Latest Events

  • Talen Energy Reaches RMR Settlement Agreement Logo
    JAN
    27
    2025

    Talen Energy Corporation, in collaboration with PJM Interconnection, the Maryland Public Service Commission, and other stakeholders, has reached a reliability must-run settlement agreement to operate its Brandon Shores and H.A. Wagner power plants until May 31, 2029. This agreement is designed to ensure critical infrastructure reliability in Baltimore while protecting Maryland consumer electricity rates.

  • +35

    Public and Political Behavior

    March 29

    Talen Energy’s settlement demonstrates proactive collaboration with public regulators and community stakeholders. By working closely with PJM and the Maryland Public Service Commission, the company is acting in the public interest to maintain vital infrastructure and protect consumer rates, reflecting positive public and political behavior.

    Talen Energy, Other Parties Reach Reliability Must Run Settlement Agreement for Brandon Shores and H.A. Wagner Power Plants

  • +30

    Economic and Structural Influence

    March 29

    The extended RMR agreement underlines Talen Energy’s commitment to ensuring grid stability and reliable power supply, thereby supporting the economic and structural framework of the region. This structural intervention protects consumers and stabilizes market operations, which is a positive move in terms of economic influence.

    Talen Energy, Other Parties Reach Reliability Must Run Settlement Agreement for Brandon Shores and H.A. Wagner Power Plants

  • Talen Energy Extends Operation of Fossil Fuel Plants Under RMR Agreement Logo
    JAN
    27
    2025

    Talen Energy reached an agreement with PJM, state regulators, and consumer representatives to extend the operation of its coal and oil-fired units beyond their planned retirement dates, ensuring grid reliability while raising concerns over environmental and structural impacts on Maryland's transition to clean energy.

  • -10

    Public and Political Behavior

    March 29

    While Talen Energy coordinated with multiple state stakeholders to secure the reliability agreement, the decision ultimately conflicted with progressive energy policy goals by prolonging fossil fuel usage, thereby contributing to environmental harm and undermining the transition to cleaner energy.

    Talen, PJM Reach Agreement to Keep 2 GW of Coal, Oil Generation Online for Reliability in Maryland

  • -50

    Business Practices and Ethical Responsibility

    March 29

    By negotiating to extend the operating life of its fossil fuel plants under a reliability-must-run contract, Talen Energy prioritizes short-term operational revenue over long-term environmental sustainability and equitable energy transition, which can disproportionately harm marginalized communities.

    Talen, PJM Reach Agreement to Keep 2 GW of Coal, Oil Generation Online for Reliability in Maryland

  • -5

    Technology and Services Impact

    March 29

    The reliance on outdated, polluting fossil fuel technologies continues despite available cleaner alternatives, negatively impacting public health and the environment, even as the company frames the move as necessary for grid reliability.

    Talen, PJM Reach Agreement to Keep 2 GW of Coal, Oil Generation Online for Reliability in Maryland

  • -40

    Economic and Structural Influence

    March 29

    The RMR agreement enables Talen Energy to secure long-term operating revenue by delaying plant retirements, reflecting a structural influence over regulatory frameworks that may undermine necessary investments in clean energy infrastructure.

    Talen, PJM Reach Agreement to Keep 2 GW of Coal, Oil Generation Online for Reliability in Maryland

  • Talen Energy ERISA Settlement Logo
    JUN
    18
    2024

    Talen Energy Corporation has agreed to pay $20 million to settle a class action lawsuit over alleged violations of the federal ERISA pension statute, affecting participants in its retirement plan.

  • -70

    Labor Relations and Human Rights Practices

    March 29

    The settlement arises from allegations of ERISA violations, indicating that Talen Energy failed to safeguard pension rights for its plan participants. This undermines worker security and reflects unethical business practices that harm a vulnerable segment of employees, thereby aligning with concerns under Labor Relations and Human Rights Practices.

    Talen Energy Agrees to $20M Settlement in ERISA Class Action

  • Talen Energy Secures Pension Settlement for Workers Logo
    JUN
    05
    2024

    Talen Energy Corp. secured final court approval for a $20 million class settlement resolving allegations that it shortchanged employee pensions following its spin-off from PPL Corp. The settlement benefits approximately 200 terminated workers (with additional benefits for 132 non-terminated workers), representing a corrective measure to address worker rights issues.

  • +60

    Labor Relations and Human Rights Practices

    March 29

    The court-approved $20 million pension settlement addresses longstanding allegations that Talen Energy shortchanged its employees' pensions. While the need for litigation signals prior failures in fair labor practices, the settlement ultimately provides financial redress to affected workers, representing a corrective action that supports worker rights and accountability within the company.

    Talen Energy, Workers Cleared for $20 Million Pension Settlement

  • Talen Energy Sells Data Center Site to AWS Logo
    MAR
    13
    2024

    Talen Energy, which owns a 90% interest in the Susquehanna nuclear power plant, announced the sale of a data center site adjacent to its plant to Amazon Web Services. Under the deal, Amazon secures a 10‐year power purchase agreement, contributing to stable revenue streams for the nuclear facility amidst broader debates on clean energy sourcing.

  • -30

    Economic and Structural Influence

    March 29

    The deal cements a closer economic tie between Talen Energy and a major tech conglomerate, Amazon, reinforcing corporate consolidation in critical infrastructure sectors. From an anti-authoritarian and anti-fascist perspective, such deepening ties increase the risk of excessive corporate influence over public resources and regulatory environments, thereby potentially undermining democratic oversight.

    What Does Amazon Want With Nuclear?

Industries

221113
Nuclear Electric Power Generation
221115
Wind Electric Power Generation
221118
Other Electric Power Generation
221121
Electric Bulk Power Transmission and Control