Talen Energy has secured an agreement with an investment-grade counterparty in the PJM wholesale electricity market. The seven-year deal covers 750 MW of capacity and is expected to generate approximately $100 million in annual revenue. Deliveries will begin in the 2029/2030 delivery year and continue through 2035/2036.
Guernsey Power Station will supply the capacity. Together with other contracts, the agreement brings Talen’s contracted share of gross margin to 40% through 2036. The 750 MW is expected to provide roughly $1 billion in cumulative capacity revenue. That revenue visibility spans ten years and supports long-term cash flow stability.
Separately, Talen announced agreements for an additional 1.29 GW of capacity from its Guernsey and Waterford facilities.