Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when TLN files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsTalen clears 10,180 MW in PJM 2028/2029 capacity auction at $325/MW-day, securing ~$1.2B
Filed July 14, 2026 · Period ending July 14, 2026 · ~1 min read
Key Changes
-
high
Cleared 10,180 MW at $325/MW-day in PJM's 2028/2029 Base Residual Auction, equating to ~$1,208M in capacity revenues for the June 2028–May 2029 planning year.
Exhibit 99.1 view on EDGAR → -
medium
Results disclosed via Regulation FD press release; capacity revenues provide predictable income for maintaining grid reliability in PJM wholesale power market.
Item 7.01 verify on EDGAR →
Summary
Talen secured 10,180 megawatts of capacity in PJM's Base Residual Auction for the 2028/2029 planning year at a clearing price of $325 per megawatt-day, translating to approximately $1.2 billion in capacity revenues for the twelve-month period beginning June 1, 2028. Capacity payments compensate generators for maintaining available generation to ensure grid reliability, providing a predictable revenue stream alongside energy and ancillary service sales in the PJM wholesale market.
For retail holders, the auction result locks in a material revenue component two years forward, reducing earnings uncertainty for the 2028/2029 period. The cleared volume represents Talen's existing fleet footprint in PJM; investors should compare the $325/MW-day clearing price to prior auctions and management's capacity revenue guidance to assess whether the result meets, exceeds, or falls short of expectations embedded in the stock.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On July 14, 2026, Talen Energy Corporation (“Talen”) issued a press release announcing results in the PJM Base Residual Auction for the 2028/2029 planning year.
Talen disclosed results from PJM's Base Residual Auction for the 2028/2029 planning year. The 8-K furnishes the press release under Regulation FD but does not include the actual auction results or financial impact in the body text. Investors must review Exhibit 99.1 for the specific capacity prices, cleared volumes, and revenue implications.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 16, 2026 · How we verify