Swiss-based Partners Group to acquire Talen Energy’s PJM, ISO New England gas plants
The deal would mark Partners Group’s entry into the ISO New England wholesale power market.
The deal would mark Partners Group’s entry into the ISO New England wholesale power market.
The deal marks the Canadian company’s entry into the PJM market.
The request sites Trump’s executive order for energy abundance, strong market demand, and the need for enhanced reliability.
BofA’s acquisition makes it a top GenOn owner, alongside distressed debt and private equity investor Strategic Value Partners and investment management firm MacKay Shields.
The acquisition would expand NextEra’s retail presence in half a dozen states spanning across the Eastern U.S. including New York, Ohio, and Florida.
Strategic Value Partners will co-own the Pennsylvania generator alongside a group of Japanese energy companies, led by Tokyo Gas Co., Ltd. and Sojitz Corp.
The decision reinforces FERC’s focus on standardized interconnection processes and the high hurdle for non-conforming agreements.
LS Power’s capacity additions would total 700-MW across the PJM footprint under the grid-operator’s Reliability Resource Initiative.