Talen Energy reaches RMR settlement to operate Brandon Shores, H.A. Wagner until May 2029

Talen Energy Corp

Fixed payments: $312/MW-day (~$145M/yr) for Brandon Shores; $137/MW-day (~$35M/yr) for H.A. Wagner.
Plants will operate until May 31, 2029, beyond original May 31, 2025 retirement date, to ensure Baltimore grid reliability.
Settlement includes performance incentives ($5M for Brandon Shores, $2.5M for H.A. Wagner) and fuel/O&M cost reimbursement.
Agreement subject to FERC approval; may be contested by PJM Independent Market Monitor.
Plants will not be capacity resources; PJM to include them in capacity supply stack as price-takers pending FERC proceeding.

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