Talen issues statement on Exelon/AEP objection to Susquehanna ISA

Talen Energy (TLNE) issued the following statement: “The rapid emergence of artificial intelligence and data centers has fundamentally changed the demand for power and leads to an inflection point for the power industry. Talen’s co-location arrangement with AWS (AMZN) brings one solution to this new demand, on a timeline that serves the customer quickly. We believe powering the data center economy will require an all-of-the-above approach, which includes both metered and behind-the-meter solutions. Exelon (EXC) and AEP‘s (AEP) protest of the Susquehanna ISA is a misguided attempt to stifle this innovation by interfering with an ISA amendment agreed to and supported by all impacted parties – which Exelon and AEP decidedly are not. The factual recitations in the protest are demonstrably false. The legal positions are demonstrably infirm. And nearly all the issues raised by Exelon and AEP are not subject to FERC oversight, because transmission is not implicated. Fundamentally, Talen has the right as a competitive generation company to contract with AWS to sell long-term, committed power. PPL, as the regulated utility that has an actual stake in this ISA, agrees that Talen has the right to sell power directly to AWS and signed an ISA amendment that gives PPL reliability assurances. PJM agrees the ISA is appropriate, and itself filed the application for FERC approval. We will move with dispatch to resolve this matter quickly at FERC.”