Constellation pursuing data centers at power plants despite regulatory setback [Yahoo! Finance]
Talen Energy Corporation (TLN)
Company Research
Source: Yahoo! Finance
federal regulators dealt a blow to the so-called co-located arrangements, company executives said on Monday. The Federal Energy Regulatory Commission on Friday rejected an agreement to increase the power capacity of an Amazon data center connected directly to Talen Energy's nuclear power plant in Pennsylvania in a decision seen as chilling similar deals. Constellation said it is seeking guidance from regulators after FERC's decision about co-location, which has become a promising way for Big Tech to access large amounts of power for its AI expansion instead of waiting for years to interconnect. "We will pursue this regular clarity while simultaneously pursuing commercial strategies for co-location that are permitted under our existing rules," Constellation CEO Joseph Dominguez said on a company earnings call. "There are multiple regulatory and commercial pathways to resolve the co-location issues, and we will work quickly with customers and other stakeholders to put these in p
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News
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- Talen Energy Corporation (NASDAQ: TLN) had its price target raised by analysts at UBS Group AG from $197.00 to $242.00. They now have a "buy" rating on the stock.MarketBeat
TLN
Earnings
- 11/14/24 - Beat
TLN
Sec Filings
- 11/14/24 - Form S-8
- 11/14/24 - Form S-8
- 11/14/24 - Form 424B3
- TLN's page on the SEC website