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Talen Energy Expands Its Portfolio in PJM by Acquiring 2,904-MW of Combined-Cycle Facilities

LCG, July 18, 2025--Talen Energy Corporation yesterday announced it has signed agreements to acquire Caithness Energy’s Moxie Freedom Energy Center (Moxie) in Pennsylvania and Caithness Energy and BlackRock’s Guernsey Power Station (Guernsey) in Ohio. Talen expects the transaction to be immediately accretive to free cash flow per share by over 40 percent in 2026, and over 50 percent through 2029. The net acquisition price is $3.5 billion after adjusting for estimated tax benefits, or approximately $3.8 billion gross.

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Brookfield and Google Sign Nationwide Hydro Framework Agreement to Deliver up to 3,000 MW of Carbon-Free Hydro Power

LCG, July 16, 2025--Brookfield Asset Management (BAM), together with Brookfield Renewable (Brookfield) and Google yesterday announced a first-of-its-kind Hydro Framework Agreement (HFA) to deliver up to 3,000 MW of carbon-free hydroelectric capacity across the nation

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Industry News

Transcanada Moves Ahead with Northern Lights Project

LCG, October 25, 2006--TransCanada Corp. earlier this week announced it is now actively pursuing permitting for the Montana-to-Las Vegas direct current (DC) transmission line. The 3,000-MW line to Las Vegas is the first of three lines that comprise the Northern Lights Project, which is planned to move power generated from new, "clean coal" electric generating stations and wind farms to major electric load centers in the West.

TransCanada has filed for permits with Montana and will proceed to file for federal and state permits from Idaho and Nevada as well. The three states have agreed to streamline the project, which is scheduled to commence operations by 2012.

The other two transmission lines of the Northern Lights Project will also be DC lines. The two lines will extend from Wyoming to Las Vegas and from Fort McMurray, Alberta to the Washington-Oregon border. The Montana-to-Las Vegas line and Wyoming-to-Las Vegas line will meet near Borah, Idaho. Between Borah and southern Nevada, the lines will run parallel.

The estimated cost of the Montana-to-Las Vegas project is $1.2 billion to $1.8 billion.

It is anticipated that the new power plants will employ an Integrated Gasification Combined Cycle (IGCC) design and advanced gasification processes to use oilsands and other fossil fuels.



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