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Talen Expects $1.2 Billion From PJM Capacity Auction

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Talen Energy (TLN) secured 10,180 megawatts of capacity in the PJM Interconnection's Base Residual Auction for the 2028/2029 planning year, positioning the power producer to receive about $1.2 billion in capacity revenue, the company said in a Tuesday statement.

The capacity cleared at a price of $325 per megawatt-day across the PJM regional transmission organization, the company said.

The 2028/2029 planning year runs from June 1, 2028, through May 31, 2029.

Price: $403.14, Change: $+6.19, Percent Change: +1.56%

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