Talen Energy Secures $1.2 Billion Revenue from 2028 Capacity Auction Amid AI Demand

Talen Energy (TLN) secured approximately $1.2 billion in guaranteed revenue for its power capacity through a PJM auction covering the period of June 2028 to May 2029, signaling growing demand driven by AI data centers. Despite an increase in stock price following the announcement, the per-megawatt-day rate received was lower than previous years.

By Peace Longe Fri, July 17, 2026 at 8:17 PM GMT+3 7 min read · Yahoo Finance · July 17, 2026, 17:17 UTC

Tickers: $TLN

Topics: AI infrastructure electricity demand energy PJM auction

Read the full article at Yahoo Finance

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