EX-99.1
2
exhibit99104042016.htm
EXHIBIT 99.1
exhibit99104042016
Exhibit 99.1 Contacts: Media Relations - George C. Lewis, 610-774-4687 Investor Relations - Andy Ludwig, 610-774-3389 Talen Energy Completes Sale of Pennsylvania Hydroelectric Plants ALLENTOWN, Pa., (April 1, 2016) - Talen Energy Corporation (NYSE: TLN) completed the sale of the Holtwood and Lake Wallenpaupack hydroelectric plants on Friday (4/1) to a subsidiary of Brookfield Renewable Energy Partners L.P. The total purchase price was $860 million, subject to customary post-closing adjustments. Closing of the sale completes asset divestitures within the PJM Interconnection energy market required by a December 2014 Federal Energy Regulatory Commission order approving the transactions that formed Talen Energy. The two Pennsylvania hydroelectric plants - Holtwood in Lancaster County and Lake Wallenpaupack in the Pocono Mountain region - have a combined generating capacity of 292 megawatts. RBC Capital Markets served as financial advisor to Talen Energy. Simpson, Thacher & Bartlett LLP was transaction counsel. Talen Energy is one of the largest competitive energy and power generation companies in North America. Our diverse generating fleet operates in well-developed, structured wholesale power markets. To learn more about us, visit www.talenenergy.com.

EX - 99 . 1 2 exhibit99104042016 . htm EXHIBIT 99 . 1 exhibit99104042016 Exhibit 99 . 1 Contacts : Media Relations - George C . Lewis , 610 - 774 - 4687 Investor Relations - Andy Ludwig , 610 - 774 - 3389 Talen Energy Completes Sale of Pennsylvania Hydroelectric Plants ALLENTOWN , Pa . , ( April 1 , 2016 ) - Talen Energy Corporation ( NYSE : TLN ) completed the sale of the Holtwood and Lake Wallenpaupack hydroelectric plants on Friday ( 4 / 1 ) to a subsidiary of Brookfield Renewable Energy Partners L . P . The total purchase price was $ 860 million , subject to customary post - closing adjustments . Closing of the sale completes asset divestitures within the PJM Interconnection energy market required by a December 2014 Federal Energy Regulatory Commission order approving the transactions that formed Talen Energy . The two Pennsylvania hydroelectric plants - Holtwood in Lancaster County and Lake Wallenpaupack in the Pocono Mountain region - have a combined generating capacity of 292 megawatts . RBC Capital Markets served as financial advisor to Talen Energy . Simpson , Thacher & Bartlett LLP was transaction counsel . Talen Energy is one of the largest competitive energy and power generation companies in North America . Our diverse generating fleet operates in well - developed , structured wholesale power markets . To learn more about us , visit www.talenenergy.com .
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