Market Chatter: Talen Energy Requests Rehearing on FERC's Rejected Amazon Data Center Power Agreement

MT Newswires Live11-22 20:13

Talen Energy (TLN) has requested a rehearing of its rejected agreement to increase power to an Amazon (AMZN) data center located at its Pennsylvania nuclear plant, Reuters reported late Thursday, citing a filing.

The Federal Energy Regulatory Commission on Nov. 1 rejected an amended interconnection agreement to increase the capacity of an Amazon data center connected to Talen's Susquehanna nuclear plant in Pennsylvania.

"With only a few cursory paragraphs of flawed analysis, the (FERC) erroneously rejected a privately negotiated agreement that was supported by all signatories and in so doing damaged U.S. economic and national security interests," Reuters quoted Talen as saying in a rehearing request.

The regulator failed to implement the correct legal procedure and did not explain why it rejected the pact, the report said, citing Talen.

Talen, Amazon, and the regulator did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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