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Talen Energy Corp (PK:TLNE)

Business Focus: Independent Power Producers

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.