Talen Energy Announces Receipt of Escrowed Funds for Cumulus Data Center Campus Transaction
Talen Energy Corporation (TLN)
Company Research
Source: GlobeNewswire
HOUSTON, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Talen Energy Corporation ("Talen") (NASDAQ: TLN) an independent power producer dedicated to powering the future, announced today that development planning milestones contained in its previously announced agreement with Amazon Web Services (“AWS”) for the purchase of the Cumulus data center campus have been met. Cumulus Digital (a Talen subsidiary) has now received all funds previously held in escrow under the terms of the transaction. “We are pleased to announce that the $300 million escrowed portion of the Cumulus data center campus purchase price was released from escrow and paid to Talen on Friday, August 23, after completion of milestones that allow for development of the AWS campus to 960 MW of power consumption,” said Cole Muller, General Manager of Cumulus Digital. “We continue to make progress on our collaboration with AWS and look forward to executing on power sales under the PPA.” About Talen Talen Energy (NASDAQ: TLN) is a le
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TLN
Sec Filings
- 9/5/24 - Form 8-K
- 7/12/24 - Form 4
- TLN's page on the SEC website