Talen Signs Seven-Year PJM Agreement for 750 MW of Capacity

Talen Energy announced a 750 MW capacity sale in PJM Wednesday, a seven-year contract that will help put 40% of its gross margin under contract through 2036.

The agreement covers delivery years 2029/2030 through 2035/2036, with capacity from Guernsey Power Station. Talen expects the contract to generate about $100 million in revenue annually.

Separate agreements cover 588 MW of remaining available capacity at Guernsey for 2029/2030 and 702 MW at Waterford Energy Center for three years, through 2031/2032.

Across the arrangements, covered capacity exceeds 2 GW for PJM’s 2029/2030 planning year and totals 1.45 GW in each of the following two years. Alongside Talen’s long-term Amazon Web Services agreement, the capacity contracts put 40% of the company’s gross margin under contract through 2036.