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Talen Energy Corporation (TLN) is a leading independent power producer and energy infrastructure company headquartered in Houston, Texas. The company generates and sells electricity, capacity, and ancillary services into wholesale power markets across the United States. With a focus on clean energy and digital infrastructure, Talen operates a diverse portfolio of power generation assets, including nuclear, gas-fired, and coal facilities, while actively transitioning to lower-carbon energy solutions.
- PJM - Operates and markets power generation activities within the PJM market, including nuclear, natural gas, oil, and coal generation facilities, which form the core of Talen's operations.
- ERCOT and Other - Includes power generation activities in the ERCOT market through natural gas-fired facilities, Talen Montana's share of the Colstrip Units, and operations in the New York ISO market.
- Digital Infrastructure - Develops hyperscale data center campuses adjacent to its nuclear facilities, providing carbon-free, low-cost energy to support the growing demand for artificial intelligence and digital infrastructure.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Mark A. McFarland ExecutiveBoard | Chief Executive Officer (CEO) and Director |
| Mark A. McFarland has been CEO and Director of TLN since May 2023. He oversees TLN's long-term strategy, wholesale power generation, and growth businesses. Previously, he was CEO of CRC and GenOn Energy. | View Report → |
Terry L. Nutt Executive | Chief Financial Officer (CFO) | None | Terry L. Nutt has been CFO of TLN since July 2023. He leads finance, M&A, risk management, and treasury activities. Previously, he was CFO of Just Energy and EDF Trading North America. |
- Given the significant cash on your balance sheet and low net leverage of 1.2x, why is your adjusted free cash flow CAGR guidance over the next five years only above 10%, which seems conservative considering the growth drivers you've outlined?
- With the upsized $1 billion share repurchase program and substantial liquidity, how are you balancing returning capital to shareholders with potential strategic investments or acquisitions to expand your portfolio?
- Regarding the additional capital expenditures required to keep plants like Brandon and Wagner online under RMR agreements, how might these unexpected costs impact your financial projections and capital allocation plans?
- Considering the accelerating load growth and tightening power markets, what is your assessment of the risk that regulatory actions could increase supply and potentially suppress power prices, and how are you positioning the company to mitigate this risk?
- Your hedging strategy significantly contributed to strong Q1 results, but with a lower hedge percentage in 2026 due to higher forward prices, how do you plan to manage potential market volatility in the outer years while balancing upside opportunities and downside protection?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Cumulus Digital Holdings | 2024 | TES acquired 100% of Cumulus Digital Holdings for $39 million in cash by purchasing all equity units held by affiliates of Orion and two former Talen senior management members in March 2024, making TES the sole owner of the company. |
No recent press releases or 8-K filings found for TLN.