Talen Energy closes $3.5B acquisition of two gas plants from Caithness; provides financials

Talen Energy Corp

Acquired Freedom Generating Station (1,045 MW) and Guernsey Power Station (1,836 MW) for ~$3.5B; closed Nov 25, 2025.
Moxie Freedom LLC interim 9-mo 2025: revenue $246.8M, net income $51.9M; total assets $681.8M, debt $334.9M.
Acquisition financed via existing cash and debt; pro forma financials filed with the SEC.
Purchase agreements signed July 17, 2025; this 8-K/A provides audited and unaudited financial statements of acquired entities.
No adjustments to financials post-close reflected; Talen expects accretion from the combined asset base.

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