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Amazon Still Backs Talen Nuclear Deal After Regulator Rejection [Yahoo! Finance Canada]

Talen Energy Corporation (TLN) 
Most Read from Bloomberg The Federal Energy Regulatory Commission on Friday voted down a request by Talen Energy Corp. that would have increased the amount of power its nuclear plant could supply to an Amazon Web Services data center. Shares of US power producers slumped in response, as investors bet that FERC's ruling would set back efforts by major technology companies to gain quick access to nuclear energy to power their growing data centers. “We remain committed to continue innovating and advancing carbon-free energy solutions with companies like Talen Energy to power data center operations in the United States and the many technologies supporting our customers and our daily lives,” Duncan Neasham, an Amazon spokesperson, said Monday in an email. Reached by phone, Neasham confirmed the company intends to go forward with the Talen project. Talen in March had announced that Amazon's cloud computing unit would pay $650 million for a data center campus of as much as 960 megawat Show less Read more
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