Talen

FERC has agreed to waive capacity release regulations and related tariff provisions to help facilitate the sale of Talen Energy Marketing LLC’s retail and wholesale natural gas trading business to an affiliate of NJR Energy Services Co.

Talen Energy Corp. shareholders at a special meeting approved the company’s $5.2 billion merger with the energy- and power-focused private investment firm Riverstone Holdings LLC, satisfying a key condition for the transaction to close by the end of the year.

After completing a feasibility assessment, Talen Energy Corp.’s board of directors has approved a $70 million project to modify the company’s Montour power plant in Central Pennsylvania to co-fire natural gas.

Energy- and power-focused private investment firm Riverstone Holdings LLC has agreed to acquire Pennsylvania-based Talen Energy Corp. and its 16,000 MW of electric generating capacity in eight states across the country in a deal valued at $5.2 billion.

Talen Energy Corp. has agreed to sell 996 MW of electric generation capacity, most of which comes from its Ironwood natural gas-fired power plant in Southeast Pennsylvania, for $1.51 billion in cash.

Talen Energy Corp. has agreed to acquire New York-based MACH Gen LLC and its 2,500 MW of natural gas-fired electric generation capacity for $1.18 billion.