FERC okays Talen sale of 660-MW Ironwood plant to TransCanada

The Federal Energy Regulatory Commission on Jan. 15 approved a November 2015 application from Talen Ironwood LLC, Talen Energy Marketing LLC, TransCanada Facility USA Inc. and TransCanada Power Marketing Ltd. for approval of a Transcanada buy of a 660-MW, gas-fired power plant in Pennsylvania.

TransCanada will indirectly acquire all of the membership interests of Talen Ironwood from Talen Generation LLC and Talen Energy Marketing will transfer a rate schedule (Reactive Power Rate Schedule) from Talen Ironwood’s generating facility to TransCanada Marketing.

Talen Ironwood owns and operates the Ironwood Facility, an approximately 660-MW facility and associated interconnecting transmission facilities near Lebanon, Pennsylvania. The Ironwood Facility is interconnected with the transmission grid controlled by PJM Interconnection and is located within the 5004/5005 sub-market of PJM.

TransCanada Corp. (TSX: TRP) (NYSE: TRP) announced in October 2015 that it had reached an agreement to acquire the Ironwood natural gas-fired, combined cycle plant, with a nameplate capacity of 778 MW, from Talen Energy (NYSE: TLN) for US$654 million.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.