After almost a year of obtaining approval from the appropriate regulatory agencies, Talen Energy Corporation has officially been established as of June 1, 2015. The spinoff of PPL's competitive power generation business was required to gain authorization from the Federal Energy Regulatory Commission (FERC), the Nuclear Regulatory Commission (NRC), the Pennsylvania Public Utility Commission, and the US Department of Justice. The firm will be one of the largest independent power producers in the country, owning 15,000 MWe of generating capacity. The former president of PPL Energy Supply, Paul Farr, will take over as Talen’s President and CEO.
Hear from the new CEO himself: https://www.talenenergy.com/about-us
Written by: Absolute Consulting
Source: World Nuclear News