Press Releases June 1, 2026 05:44 PM

Talen Energy Receives Regulatory Clearances for Lawrenceburg, Waterford and Darby Acquisition

Talen Energy Secures Key Regulatory Approvals for Acquisition of Three Power Plants

By Hana Yamamoto TLN

Talen Energy announced that it has received the final regulatory clearances from the Federal Energy Regulatory Commission and the Indiana Utility Regulatory Commission for its acquisition of the Lawrenceburg Power Plant in Indiana, and the Waterford Energy Center and Darby Generating Station in Ohio. The acquisition is expected to close in the coming weeks and will add significant power generation capacity to Talen's portfolio, supporting its strategy to enhance its infrastructure to meet growing energy demands, including from digital infrastructure such as AI data centers.

Talen Energy Receives Regulatory Clearances for Lawrenceburg, Waterford and Darby Acquisition
TLN

Key Points

  • Talen Energy received all necessary regulatory approvals from FERC and Indiana Utility Regulatory Commission for the acquisition of three power plants.
  • The acquisition includes Lawrenceburg Power Plant (Indiana), Waterford Energy Center, and Darby Generating Station (both in Ohio), broadening Talen's generation assets footprint.
  • The acquisition is expected to close soon and aligns with Talen's strategy to support growth in energy demand, particularly from emerging sectors like digital infrastructure and AI data centers.

HOUSTON, June 01, 2026 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen,” “we,” or “our”) (NASDAQ: TLN), a leading independent power producer, today announced that it has received the remaining outstanding regulatory approvals related to its previously announced acquisition of the Lawrenceburg Power Plant (“Lawrenceburg”) in Indiana and the Waterford Energy Center (“Waterford”) and Darby Generating Station (“Darby”) in Ohio from Energy Capital Partners (“ECP”) (the “Acquisition”).

Talen received clearance from the Federal Energy Regulatory Commission (“FERC”) today and from the Indiana Utility Regulatory Commission on May 27. The waiting period pursuant to the Hart-Scott-Rodino Act of 1976 expired in March 2026.

“I am pleased to announce that we have received the key regulatory clearances necessary to close on Talen’s highly accretive acquisition of the Lawrenceburg, Waterford and Darby plants,” said Talen President Terry Nutt. “We look forward to completing this transaction and adding these assets to our portfolio.”

The Acquisition remains subject to customary closing conditions, which Talen expects to be promptly satisfied, and is anticipated to close in the coming weeks.

About Talen

Talen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 13.1 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic, Ohio, and Montana. Our team is committed to generating power safely and reliably and delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution. We are well-positioned to serve this growing industry, as artificial intelligence data centers increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecasts," "goal," "intend," "may," "plan," "potential," "predict," "project," "seek," "should," "will," or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things the proposed Lawrenceburg, Waterford, and Darby acquisition, including the expected timing and completion, and anticipated impacts thereof, the integration of and anticipated benefits from the recent Freedom and Guernsey acquisitions, earnings, litigation, regulatory matters, hedging, liquidity and capital resources, accounting matters, expectations, beliefs, plans, objectives, goals, strategies, future events or performance, shareholder returns and underlying assumptions.

Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations and are subject to numerous factors that present considerable risks and uncertainties.

Talen Contact Information

Investor Relations
Sergio Castro
Vice President & Treasurer
(281) 203-5315
[email protected]

Media Contact
Taryne Williams
Director, Corporate Communications
[email protected]


Risks

  • The acquisition is still subject to customary closing conditions, creating some uncertainty around its timely completion.
  • Forward-looking statements highlight various risks and uncertainties including regulatory challenges, integration risks of acquired assets, and potential fluctuations in energy markets.
  • Market and operational risks related to energy demand, regulatory changes, and environmental policies may affect the anticipated benefits of the acquisition.

More from Press Releases

LiqTech International Announces Pricing of $20 Million Underwritten Public Offering of Common Stock Jun 4, 2026 Correction: Keystone Acquisition Corp. Announces Closing of $287.5 Million Initial Public Offering Including Exercise of Underwriters’ Over-Allotment Option Jun 4, 2026 Verizon declares quarterly dividend on June 4, 2026 Jun 4, 2026 AmperCap Acquisition Company Completes its $125,000,000 Initial Public Offering Jun 4, 2026 Algoma Steel Releases 2025 Sustainability Report Jun 4, 2026