Talen Energy Corporation filed SEC Form 8-K: Regulation FD Disclosure
$TLN
Electric Utilities: Central
Utilities
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported): May 19, 2025
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Item 7.01. Regulation FD Disclosure.
On May 19, 2025, Talen Energy Corporation (the “Company,” “we,” “us,” or “our”) gave the following update regarding the ongoing maintenance outage at its Susquehanna Steam Electric Station (“Susquehanna”): In late March, Susquehanna commenced its planned refueling outage on Unit 2. In our May 8, 2025 earnings release and subsequent investor call, the Company provided an update about the outage and described incremental balance-of-plant maintenance in the extraction steam system that we expected would extend the outage into mid-May and add approximately $20 million in costs. We have now completed the underlying maintenance work and are addressing realignment and assembly that have required rework to pass quality testing. We are currently in the final stages of the process, focused on testing, final welds, and alignment verifications. To account for the remaining re-assembly tasks, we are updating the outage timeline from mid-May to the first week of June. The outage extension is now expected to increase expenses by approximately $35 million and we anticipate efficiency gains will pay back the additional costs and lost margin in roughly two years. The Company’s financial guidance for 2025 remains unchanged.
“While the incremental maintenance in Susquehanna Unit 2 is taking slightly longer than we anticipated it would take,” said Talen CEO Mac McFarland, “we believe the improved performance of this long-lived asset is important to achieve at this time.”
The information provided under this Item 7.01 to this Report is being furnished and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. Such information shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TALEN ENERGY CORPORATION | |||||||||||
| Date: | May 19, 2025 | By: | /s/ Terry L. Nutt | ||||||||
| Name: | Terry L. Nutt | ||||||||||
| Title: | Chief Financial Officer | ||||||||||
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