Sector: Utilities | Industry: Independent Power Producers |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1780 Hughes Landing Boulevard, Suite 800 THE WOODLANDS TX 77380 |
Tel: | N/A |
Website: | https://www.talenenergy.com |
IR: | See website |
Key People | ||
Terry Nutt Chief Financial Officer | Dale Lebsack Senior Vice President | Tim Woodland Senior Vice President |
Rajat Prakash Treasurer, Vice - President | Ralph E. Alexander Executive Chairman of the Board of Directors | Michael T. Barriere Chief Talent Officer |
Brad Berryman Senior Vice President, Chief Nuclear Officer | Debra L. Raggio Senior Vice President, Regulatory And External Affairs Counsel |
Business Overview |
Talen Energy Corporation is an independent power producer and infrastructure company. The Company owns and operates approximately 10.7 gigawatts of power infrastructure in the United States. The Company produces and sells electricity, capacity, and ancillary services into wholesale United States power markets, including PJM and WECC, with its generation fleet principally located in the Mid-Atlantic and Montana. While the majority of its power is already generated at zero-carbon nuclear and lower-carbon gas-fired facilities, it is reducing the carbon profile of its wholly owned coal fleet through conversion to lower-carbon fuels. Its plants generate power using a variety of fuels, ranging from zero-carbon energy like nuclear to gas, coal and oil, with some possessing dual fuel switching capabilities. In addition, the Company is developing a hyperscale data center campus adjacent to its Susquehanna nuclear plant that utilizes the carbon-free energy that Susquehanna generates. |
Financial Overview |
For the nine months ended 30 September 2016, Talen Energy Corp revenues decreased 7% to $3.11B. Net income totaled $236M vs. loss of $279M. Revenues reflect East segment decrease of 11% to $2.78B. Net Income reflects East segment income increase from $33M to $765M, Other segment loss decrease of 19% to $149M. Basic Earnings per Share excluding Extraordinary Items increased from -$1.71 to $1.84. |