Talen Energy Completes Sale of Interstate Energy Company Pipeline

Click here to read complete article

THE WOODLANDS, TexasJan. 13, 2020 /PRNewswire/ — Talen Energy Corporation (“Talen Energy” or “the Company”) announced today the completion of the previously-announced sale of its indirect, wholly owned subsidiary Interstate Energy Company LLC (“IEC”) to Adelphia Gateway, LLC (“Adelphia”), a subsidiary of New Jersey Resources Corporation. Upon closing of the transaction, Talen Energy received proceeds in the amount of $155 million, which was in addition to $10 million received upon announcement of the transaction in October 2017. The closing proceeds are expected to be used for recourse debt reduction…read more

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn

Leave a Comment

Your email address will not be published. Required fields are marked *