
Talen Energy Corporation (NASDAQ:TLN) shares are trading higher Friday after the company announced it signed definitive agreements to acquire two major natural gas-fired power plants.
What To Know: The deals include the purchase of Caithness Energy's Moxie Freedom Energy Center in Pennsylvania and Caithness Energy and BlackRock's Guernsey Power Station in Ohio. Both facilities are combined-cycle gas turbine plants located within the PJM power market, one of the largest electricity markets in the United States.