Talen Energy Corp completed an acquisition involving affiliates of Energy Capital Partners for $3.45 billion (closed 2026-06-15).
“Station, a 456 MW combustion turbine facility located in Mount Sterling, Ohio, (collectively, the “Acquisition”). As consideration for the Acquisition, the purchase price was $3.45 billion, comprised of (a) approximately $2.55 billion in cash (the “Cash Consideration”), subject to working capital and other customary adjustments, and (b) 2,399,998 shares of common”
Debt Financings
Talen Energy Corp amended credit facility of from $1.1 billion to $1.5 billion with Citibank, N.A. as Administrative Agent and the lenders party thereto maturing December 2029.
“(ii) upsizes its existing stand-alone letter of credit facility (the “Stand-Alone L/C Facility”) from $1.1 billion to $1.5 billion; and (iii) extends the maturity of the Stand-Alone L/C Facility from December 2027 to December 2029”
Debt Financings
Talen Energy Corp amended revolving credit of from $900 million to $1.35 billion with Citibank, N.A. as Administrative Agent and the lenders party thereto.
“increases the existing revolving credit facility (including its revolving letter of credit capacity) (the “RCF”) from $900 million to $1.35 billion”
Material Agreements
Talen Energy Corp entered into Registration Rights Agreement with the recipients of the Stock Consideration (the "Cornerstone Equityholders") (effective 2026-06-15).
“On the Closing Date, the Company entered into a registration rights agreement (the "Registration Rights Agreement") in connection with the Acquisition with the recipients of the Stock Consideration (the "Cornerstone Equityholders").”
Material Agreements
Talen Energy Corp amended Seventh Amendment to Credit Agreement with Citibank, N.A., as Administrative Agent and Collateral Agent (effective 2026-06-15).
“On June 15, 2026, Talen Energy Supply, LLC (“TES”), a wholly owned subsidiary of the Company, entered into Amendment No. 7 to the Credit Agreement, by and among TES, as Borrower, the Subsidiary Guarantors party thereto, the 2026-1 Additional Stand-Alone L/C Issuers party thereto, the Stand-Alone L/C Issuers party thereto, the 2026-1 Additional Revolving Lenders party thereto and Citibank, N.A., as Administrative Agent and Collateral Agent (the “Seventh Amendment to Credit Agreement”)”
Material Agreements
Talen Energy Corp amended Amended Credit Agreement (effective 2026-05-20).
“On May 20, 2026, Talen Energy Supply, LLC (the “Borrower”), a direct subsidiary of Talen Energy Corporation (the “Company”), amended its credit agreement (as amended, the “Amended Credit Agreement”).”
Shareholder Votes
Talen Energy Corp shareholders approved Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Registered Public Accounting Firm for Fiscal Year 2026 at the 2026-05-05 meeting.
“Proposal 3: Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Registered Public Accounting Firm for Fiscal Year 2026. FOR AGAINST ABSTAIN 40,647,482 94,497 15,250 As a result, the Company’s appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 was ratified.”
Shareholder Votes
Talen Energy Corp shareholders approved Approval, on a Non-Binding Advisory Basis, of 2025 Named Executive Officer Compensation at the 2026-05-05 meeting.
“Proposal 2: Approval, on a Non-Binding Advisory Basis, of 2025 Named Executive Officer Compensation FOR AGAINST ABSTAIN BROKER NON-VOTES 37,249,405 1,255,073 14,899 2,237,852 As a result, the 2025 compensation of the Company’s named executive officers was approved on an advisory basis.”
Shareholder Votes
Talen Energy Corp shareholders approved Election of Directors at the 2026-05-05 meeting.
“Proposal 1: Election of Directors FOR WITHHELD BROKER NON-VOTES Stephen Schaefer 38,314,136 205,241 2,237,852 Mark “Mac” McFarland 38,446,765 72,612 2,237,852 Gizman Abbas 37,716,579 802,798 2,237,852 Anthony Horton 38,057,855 461,522 2,237,852 Karen Hyde 38,096,200 423,177 2,237,852 Joseph Nigro 38,265,088 254,289 2,237,852 Christine Benson Schwartzstein 38,273,312 246,065 2,237,852 As a result, the above individuals were elected to serve on the Company’s Board of Directors until the Company’s 2027 Annual Meeting of Stockholders and until their respective successors have been duly elected and qualified or until their earlier death, resignation, or removal.”
Earnings Releases
Talen Energy Corp updated its first quarter 2026 guidance (reaffirmed).
“On May 5, 2026, Talen Energy Corporation (“Talen”) announced via press release its first quarter 2026 financial and operating results.”
Material Agreements
Talen Energy Corp entered into Agreement and Plan of Merger with Cornerstone Generation Holdings, LP, ECP Cornerstone Generation Holdings GP, LLC, ECP V-B (AG IP) Blocker Corp, ECP V-C (AG IP) Blocker Corp, ECP V-D (AG IP) Blocker Corp, ECP V-D, LP, and ECP GP V, LP valued at $3.45 billion (effective 2026-01-15).
“On January 15, 2026, Talen Energy Corporation, a Delaware corporation (the “Company”), Buckeye CG Holdings, LLC, a Delaware limited liability company and an indirect wholly owned subsidiary of the Company (“Buyer”), and certain other indirect wholly owned subsidiaries of the Company, entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Cornerstone Generation Holdings, LP, a Delaware limited partnership, ECP Cornerstone Generation Holdings GP, LLC, a Delaware limited liability company, ECP V-B (AG IP) Blocker Corp, a Delaware corporation, ECP V-C (AG IP) Blocker Corp, a Delaware corporation, ECP V-D (AG IP) Blocker Corp, a Delaware corporation (collectively, the “Acquired Companies”), ECP V-D, LP, a Delaware limited partnership, as the representative of the Acquired Company Equityholders (as defined in the Merger Agreement) (the “Holder Representative”), and solely for the limited purposes set forth therein, ECP GP V, LP, a Delaware limited partnership.”
Material Agreements
Talen Energy Corp entered into 2030 Fifth Supplemental Indenture with Wilmington Savings Fund Society, FSB, as trustee (effective 2025-11-25).
“In connection with the Closing, on the Closing Date, the Acquired Entities entered into the fifth supplemental indenture (the “2030 Fifth Supplemental Indenture”) to the indenture, dated as of May 12, 2023, as supplemented by the first supplemental indenture, dated as of May 17, 2023, the second supplemental indenture, dated as of October 6, 2023, the third supplemental indenture, dated as of June 22, 2024, and the fourth supplemental indenture, dated as of January 13, 2025, each among TES, the subsidiary guarantors party thereto and Wilmington Savings Fund Society, FSB, as trustee, governing the 8.625% Senior Secured Notes due 2030 issued by TES (the “2030 Indenture”)”
Material Agreements
Talen Energy Corp entered into 2036 First Supplemental Indenture with Citibank, N.A., as trustee (effective 2025-11-25).
“and (ii) the first supplemental indenture (the “2036 First Supplemental Indenture”) to the indenture, dated as of October 27, 2025, among TES, the subsidiary guarantors party thereto and Citibank, N.A., as trustee, governing the 6.500% Senior Notes due 2036 (the “2036 Notes”) issued by TES (the “2036 Indenture”)”
Material Agreements
Talen Energy Corp entered into 2034 First Supplemental Indenture with Citibank, N.A., as trustee (effective 2025-11-25).
“In connection with the Closing, on the Closing Date, the Acquired Entities (as defined below) entered into (i) the first supplemental indenture (the “2034 First Supplemental Indenture”) to the indenture, dated as of October 27, 2025, among TES, the subsidiary guarantors party thereto and Citibank, N.A., as trustee, governing the 6.250% Senior Notes due 2034 (the “2034 Notes”) issued by TES (the “2034 Indenture”)”
Material Agreements
Talen Energy Corp amended Fifth Amendment to Credit Agreement with Citibank, N.A., as administrative agent and collateral agent, and the lenders party thereto valued at new $1.2 billion senior secured term loan B facility (effective 2025-11-25).
“On the Closing Date, Talen Energy Supply, LLC (“TES”), a direct wholly owned subsidiary of the Company, entered into Amendment No. 5 to the Credit Agreement, by and among TES, as borrower, the subsidiary guarantors party thereto, the lenders party thereto and Citibank, N.A., as administrative agent and collateral agent (the “Fifth Amendment to Credit Agreement”) which amends that certain Credit Agreement, dated as of May 17, 2023, by and among TES, as borrower, Citibank, N.A., as administrative agent and collateral agent, and each lender from time to time party thereto (as further amended, restated, amended and restated, supplemented and/or otherwise modified from time to time, the “Amended Credit Agreement”).”
Debt Financings
Talen Energy Corp incurred term loan of $1.2 billion with Citibank, N.A. at Secured Overnight Financing Rate plus 200 basis points maturing November 25, 2032.
“TES successfully priced and allocated a new $1.2 billion senior secured term loan B facility”
M&A Transactions
Talen Energy Corp completed an acquisition involving affiliates of Caithness Energy, L.L.C. for $2.33 billion in cash (closed 2025-11-25).
“Guernsey Power Station, a 1,836 MW (summer rating) natural gas fired combined cycle generation plant located in Guernsey County, Ohio, for $2.33 billion in cash (the "Guernsey Acquisition"”
M&A Transactions
Talen Energy Corp completed an acquisition involving affiliates of Caithness Energy, L.L.C. for $1.46 billion in cash (closed 2025-11-25).
“Talen Generation agreed to purchase the (i) Freedom Generating Station, a 1,045 MW (summer rating) natural gas fired combined cycle generation plant located in Luzerne County, Pennsylvania, for $1.46 billion in cash (the "Freedom Acquisition")”
Debt Financings
Talen Energy Corp incurred senior notes of $1.40 billion 6.250% senior notes due 2034 and $1.29 billion 6.500% senior notes due 2036 with Citibank, N.A. at 6.250% per annum for 2034 Notes, 6.500% per annum for 2036 Notes maturing 2034 Notes mature February 1, 2034; 2036 Notes mature February 1, 2036.
“On October 27, 2025, Talen Energy Supply, LLC (“TES”), a direct wholly owned subsidiary of Talen Energy Corporation (the “Company”), completed its previously announced offerings (the “Offerings”) of $1.40 billion in aggregate principal amount of 6.250% senior notes due 2034 (the “2034 Notes”) and $1.29 billion in aggregate principal amount of 6.500% senior notes due 2036 (the “2036 Notes” and together with the 2034 Notes, the “Notes”) in private offerings that were exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.