The deal: Talen is acquiring one Indiana plant and two Ohio plants from Energy Capital Partners. The IPP recently got the OK from FERC and the Indiana Utility Regulatory Commission for the deal, which Talen says will “substantially expand” its western PJM footprint.
The drama: In January, PJM’s market monitor urged FERC to reject the deal. Their reasoning? Talen is already the region’s fourth-largest capacity owner (controlling >13 GW), so this deal tightens its grip on PJM prices. “Ownership of generation is being consolidated in a small group of owners,” Monitoring Analytics wrote to FERC.
Molly Glick
Energy Central Team
Sun, Jun 7