Talen Energy rallies after requesting FERC rehearing on rejected Amazon power pact

seekingalpha
2024-11-22

zhongguo/E+ via Getty Images

Talen Energy (NASDAQ:TLN) +6.7% in Thursday's trading to an all-time intraday high $222.05 after it requested the Federal Energy Regulatory Commission to rehear its case for supplying more power to an Amazon data center connected to its Susquehanna nuclear plant in Pennsylvania.

"With only a few cursory paragraphs of flawed analysis, FERC erroneously rejected a privately negotiated agreement that was supported by all signatories and in so doing damaged U.S. economic and national security interests," Talen (TLN) said in its rehearing request.

Earlier this month, FERC struck down Talen's (TLN) interconnection deal to increase the capacity of the Amazon data center beyond 300 MW, a decision that was considered a blow to Talen and other independent electricity generators that had hoped to strike similar deals to connect Big Tech data centers directly to their power plants.

Some of those companies scored strong gains Thursday, including Vistra (VST) +7.7% and Constellation Energy (CEG) +6.9%.

FERC sided with regulated utilities American Electric Power (AEP) and Exelon (EXC), which had challenged the interconnection agreement; AEP +1.3%, EXC +1.5%.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10