Talen Energy Supply is one of the largest competitive energy and power generation companies in North America. We produce and sell electricity, capacity and ancillary services to wholesale and retail power markets in the United States from our fleet of power plants. Our generation fleet is principally located in the Northeast, Mid-Atlantic and Southwest regions of the United States and has significant fuel diversity including nuclear, natural gas, and coal with certain facilities capable of utilizing multiple fuel sources. Talen Energy Supply has approximately 13,000 MW (summer rating) of generating capacity, $8.7 billion of assets at March 31, 2021 and approximately $2 billion of annual operating revenues for the fiscal year ended December 31, 2020.
Talen Energy Supply is a wholly owned subsidiary of Talen Energy Corporation. Talen Energy was formed on June 1, 2015 by the spinoff of Talen Energy Supply (then known as PPL Energy Supply, LLC), the competitive power generation business owned by PPL Corporation (“PPL”), and the subsequent combination of that business with RJS Generation Holdings LLC (“RJS Power”), the competitive power generation business controlled by Riverstone Holdings LLC (“Riverstone”). On December 6, 2016, Talen Energy Corporation completed a go-private transaction in which Talen Energy Corporation became wholly owned by affiliates of Riverstone.
Riverstone is an energy and power focused private equity investment firm with offices in New York, London, Houston and Mexico City. Riverstone has committed nearly $40 billion to more than over 200 investments in the exploration and production, midstream, oilfield services, power, and renewable energy sectors of the energy industry across North America, South America, Europe, Africa, Asia and Australia.