Talen Energy (TLN) said Monday the US Federal Energy Regulatory Commission issued an order deferring the company's request for a rehearing of its rejected agreement to increase power at its Susquehanna, Pennsylvania, nuclear plant to an Amazon.com (AMZN) data center.
Talen plans to explore its appellate remedies following the FERC order.
The company is seeking to expand co-located load capacity at the Susquehanna nuclear power generation facility to 480 megawatts from 300 MW.
The company continues to execute under the current interconnection service agreement and work with Amazon Web Services on alternative commercial solutions to expand beyond the approved 300-MW deal.
Price: 196.62, Change: -0.49, Percent Change: -0.25
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.