On the Record · Talen Energy

Talen Energy acquisitions, on the record

The businesses Talen Energy bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
RJS Power Word for word“As a result of the RJS Power acquisition on June 1, 2015, results for RJS (since the date of acquisition) are included in Talen Energy's 2015 results with no comparable amounts in 2014 and 2013.” 10-K for 2015	acquisition	—	—
MACH Gen Word for word“In November 2015, Talen Energy obtained 2,344 MW (summer rating) of generating capacity with the completion of the acquisition of all of the membership interests of MACH Gen for cash consideration of approximately $600 million.” 10-K for 2015	acquisition	November 2015	approximately $600 million
Ironwood, Holtwood, Lake Wallenpaupack and C.P. Crane Power Plants Word for word“In October 2015, Talen Energy announced the sale of these facilities, with an aggregate generating capacity of approximately 1,400 MW, to satisfy a December 2014 FERC order approving the combination of Talen Energy Supply and RJS Power.” 10-K for 2015	agreed divestiture	—	—
Montana Hydroelectric Business Word for word“Divestitures: Ironwood February 2016 661 MW PJM C.P. Crane February 2016 402 MW PJM Talen Renewable Energy November 2015 19 MW Various Montana Hydroelectric Business November 2014 633 MW WECC” 10-K for 2015	divestiture	November 2014	—
TeraWulf's 25% equity interest in Nautilus Word for word“In October 2024, the Company acquired TeraWulf’s 25 % equity interest in Nautilus in exchange for $ 85 million and the distribution by Nautilus of its Bitcoin mining equipment to TeraWulf.” 10-K for 2024	acquisition	October 2024	$ 85 million
Cumulus Digital equity held by affiliates of Orion Energy Partners and two former members of Talen senior management Word for word“In March 2024, TES acquired all of the equity of Cumulus Digital held by affiliates of Orion Energy Partners and two former members of Talen senior management in exchange for an aggregate of $ 39 million.” 10-K for 2024	acquisition	March 2024	$ 39 million
1,710 MW Texas generation portfolio to CPS Energy Word for word“In May 2024, we sold our 1,710 MW Texas generation portfolio to CPS Energy for $ 785 million, subject to customary net working capital adjustments.” 10-K for 2024	divestiture	May 2024	$ 785 million
AWS Data Campus Word for word“The Company’s sale of the AWS Data Campus to AWS in March 2024 to AWS for gross proceeds of $650 million.” 10-K for 2024	divestiture	March 2024	$650 million
TES Word for word“The combination was accounted for as a reverse acquisition in which TEC was the legal acquirer and TES was the accounting acquirer.” 10-K for 2024	merger	—	—
Freedom and Guernsey Word for word“In November 2025, the Company consummated the Freedom and Guernsey Acquisitions for an aggregate $3.8 billion which is subject to certain post-closing adjustments for net working capital and other customary items.” 10-K for 2025	acquisition	In November 2025	an aggregate $3.8 billion
Waterford Energy Center, Darby Generating Station and Lawrenceburg Power Plant Word for word“On January 15, 2026, we entered into the Cornerstone Merger Agreement to acquire from affiliates of Energy Capital Partners (“ECP”) the 875 MW Waterford Energy Center and 456 MW Darby Generating Station, both located in Ohio, and the 1,120 MW Lawrenceburg Power Plant located in Indiana, for an aggregate purchase price of $3.45 billion, consisting of $2.55 billion in cash, subject to working capital and other customary adjustments, and 2,400,000 shares of Talen common stock, valued at approximately $900 million at the time of the entry into the Cornerstone Merger Agreement.” 10-K for 2025	agreed acquisition	On January 15, 2026	$3.45 billion
Camden and Dartmouth Word for word“Gain (loss) on sale of assets, net. $(850) million unfavorable decrease. This primarily consisted of: (i) $564 million gain from the ERCOT Sale and (ii) $324 million gain from the AWS Data Campus Sale, both of which closed in 2024; and (iii) a $22 million gain from the sale of the Camden and Dartmouth in September 2025.” 10-K for 2025	divestiture	September 2025	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)
2024-12-31	$0
2025-12-31	$3.79 billion

Deal filings since 2016

2026-06-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-06-15 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2026-05-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-01-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-11-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-11-25 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2025-10-27 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-07-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-01-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-12-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-12-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-12-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-12-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-08-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-06-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-04-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-02-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets

Read from Talen Energy’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2015) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.