Talen Energy upsizes share repurchase by $1.005B, extends program to Dec 2028

Talen Energy Corp

• Board approved additional $1.005B authorization, increasing remaining repurchase capacity to $2B.
• Expiration extended from Dec 31, 2026 to Dec 31, 2028.
• Authorization subject to closing of Freedom and Guernsey acquisitions expected by year-end 2025.
• To date, Talen repurchased ~23% of initially outstanding shares for $2B total.