as nyse tln s & p 500 component 1 industry energy founded june 1 2015 ; 15 months ago june 1 2015 headquarters allentown pa usa key people paul farr president and chief executive officer jeremy mcguire chief financial officer and chief accounting officer clarence j. hopf jr. chief commercial officer timothy rausch chief nuclear officer james schinski chief administrative officer paul breme general counsel and corporate secretary revenue 4.3 billion 1 number of employees 3500 1 website www.talenenergy.com talen energy is an independent power producer founded in 2015 . it was formed when the competitive power generation business of ppl corporation was spun off and immediately combined with competitive generation businesses owned by private equity firm riverstone holdings . following these transactions ppl shareholders owned 65 % of talen s common stock and affiliates of riverstone owned 35 % 2 as a condition for ferc approval talen agreed to divest approximately 1 300 megawatts of generating assets in the pjm interconnection region to mitigate ferc s competitiveness concerns . 2 contents 1 history 2 facilities and infrastructure 2.1 nuclear 2.2 coal 2.3 gas 3 references 4 external links history edit according to the director of corporate communications the name talen energy symbolizes talent of the people who work for the company and energy in terms of the product it produces and what employees bring to their jobs . talen represents the idea of talented people energized to succeed . 3 the company s colors were chosen based on the ceo paul farr s love of the green bay packers . on june 10 2014 ppl announced that it would spin off its competitive energy business which would merge with riverstone holdings operations to create talen . 4 the transaction needed approval from the pennsylvania public utility commission the u.s. department of justice the ferc and the nuclear regulatory commission before its completion . 5 on february 2 2015 ppl and riverstone accepted the ferc s mitigation option in order to receive approval from ferc . 5 the pennsylvania puc approval followed on march 11 2015 when the puc approved the transfer of ppl electric utilities ownership in ppl interstate energy company to talen . 6 the nrc s approval for the transfer of the susquehanna nuclear plant licenses came on april 10 2015 and on april 23 2015 ppl received the final regulatory approval from the u.s. department of justice . 7 8 talen energy launched on june 1 2015 . ppl shareholders initially owned 65 percent and riverstone owned 35 % of the shares of the new company whose shares trade on the nyse under the symbol tln . 9 on june 2 2015 paul farr president and ceo of talen and other executives rang the opening bell on the nyse in celebration of the talen energy launch . 10 on october 8 2015 talen announced the sale of ironwood natural gas plant to a transcanada subsidiary for 654 million usd and holtwood and wallenpaupack hydro plants to brookfield renewable energy partners of hamilton bermuda for 860 million usd . 11 facilities and infrastructure edit talen owns 15 320 megawatts of power generating capacity and employs over 500 people in its headquarters in allentown as well as 3 000 others at plant locations in maryland massachusetts new jersey texas pennsylvania virginia and montana . it is the fourth largest publicly traded independent power producer in the country . 12 susquehanna steam electric station talen s generation facilities include nuclear coal fired and natural gas power plants . the largest plant is the susquehanna steam electric station a 2 352 mw nuclear power plant located on the susquehanna river seven miles 11 km northeast of berwick pennsylvania . 13 the following is a list of talen s current generation facilities owned by subsidiaries of talen nuclear edit susquehanna steam electric station berwick pa coal edit brandon shores generating station pasadena md brunner island steam electric station york haven pa colstrip power plant colstrip mt herbert a. wagner generating station gas co fired pasadena md montour power plant washingtonville pa gas edit athens power plant athens ny barney m. davis energy center corpus christi tx bayonne power plant bayonne nj camden power plant camden nj dartmouth power plant darthmouth ma elmwood park power plant elmwood park nj harquahala power plant tonopah az laredo energy center laredo tx lower mount bethel power plant martins creek pa martins creek power plant martins creek pa millenium power plant charlton ma newark bay power plant newark nj nueces bay energy center corpus christi tx pedricktown power plant pedricktown nj york power plant york pa references edit a b c kraus scott june 1 2015 . talen energy launches monday sells stock tuesday . the morning call . retrieved june 1 2015 . a b talen energy debuts . pr newswire . june 1 2015 . retrieved september 1 2015 . ppl merger to keep lake operations . neagle.com . june 12 2014 . ppl corp. to spin off units form new co. with riverstone . zacks equity research . june 10 2014 . retrieved september 1 2015 . a b ppl riverstone accept ferc mitigation plan on talen spinoff . rto insider . february 2 2015 . retrieved september 1 2015 . puc approves transaction as part of large spinoff of ppl s electric generation service to form talen energy press release . pennsylvania puc . march 11 2015 . retrieved september 1 2015 . ppl request for transfer of susquehanna nuclear plan licenses approved by nuclear regulatory commission press release . talen energy . april 10 2015 . retrieved september 1 2015 . bresswein kurt april 23 2015 . ppl corp. electricity spinoff talen energy corp. nets final approval . the express times . retrieved april 24 2015 . the morning call staff april 29 2015 . talen energy to launch june 1 . the morning call . retrieved may 4 2015 . talen energy debuts as one of the largest independent power producers in u.s. . prnewswire . retrieved june 1 2015 . http www.marketwatch.com story talen energy to sell 3 power plants for 15 billion 2015 10 08 kraus scott may 31 2015 . talen energy launches monday sells stock tuesday . the morning call . retrieved september 1 2015 . about us . talen energy . retrieved september 1 2015 . external links edit official talen energy website retrieved from https en.wikipedia.org w index.php title talen energy & oldid 742491346 categories power companies of the united statescompanies based in allentown pennsylvaniaenergy companies established in 2015non renewable resource companies established in 20152015 establishments in pennsylvaniacompanies listed on the new york stock exchangeamerican companies established in 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent 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