White & Case advises Talen Energy on aggregate US$3.0 billion of capacity monetization and accelerated share repurchase transactions

Global law firm White & Case LLP has advised Talen Energy Corporation, a leading independent power producer and energy infrastructure company, on a US$1.5 billion capacity revenue monetization transaction and a US$1.5 billion accelerated share repurchase (ASR) program.

The ASRs are expected to be completed by the end of the first quarter of 2027 and, at the current stock price, would repurchase more than 10 percent of Talen's outstanding common stock.

Talen expects to fund the ASRs through the monetization of approximately US$1.5 billion of cleared capacity revenues in the PJM market.

The White & Case team was led by partners Andrew Weisberg, Ian Cuillerier (both in New York) and A.J. Ericksen (Houston), and included associates Joseph Chen and Natasha Dusaj (both in New York).

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