- Talen Energy (TLN -1.8%) CEO Paul Farr says the newly formed independent power producer is looking to buy natural gas, coal and nuclear power plants in New York, New England, Texas and the PJM region.
- TLN would be interested in looking at Luminant, the Texas merchant business of bankrupt Energy Future Holdings, and the unregulated Ohio plants of American Electric Power (NYSE:AEP), if either company decides to put the assets up for sale, the CEO says.
- As an independent company, Farr says TLN has the currency and balance sheet to make transactions without adding overhead: "Our structure can handle a lot more megawatts without adding more bodies. We don't have to hire more accountants to pay more PJM bills."