Talen and Amazon Stocks Down After FERC Rejects Nuclear Power Deal
Talen Energy (TLN) and Amazon (AMZN) shares fell over 2% and 1%, respectively, on Monday. The decline came after the U.S. Federal Energy Regulatory Commission (FERC) denied a request to increase the power supply from TLN’s Susquehanna nuclear plant to AMZN’s data center campus.
FERC rejects amended interconnection agreement for Amazon data center at Susquehanna nuclear plant
The commission agreed with opponents of the proposal, citing concerns about grid reliability and cost fairness.
FERC rejects nuclear-powered expansion of Amazon data center
Democratic Chair Willie Phillips dissented, arguing that the order was a roadblock to "a new phase in the energy transition."
Big Tech nuclear power deal hits major regulatory hurdle
The Federal Energy Regulatory Commission has rejected a request to increase the energy sent to Amazon's data centers from a Pennsylvania nuclear plant.
Talen Energy shares plunge as FERC rejects nuclear power deal with Amazon
Talen Energy's (TLN) shares tanked 14% in premarket trade on Monday, weighed down by the U.S. Federal Energy Regulatory Commission's (FERC) rejection of an inte
Talen slides as regulators reject proposal to expand Amazon data center
Shares of Talen Energy (TLN) are under pressure on Monday after the Federal Energy Regulatory Commission, or FERC, rejected an amended
Nuclear-Power Companies Hit by U.S. Regulator’s Rejection of Amazon-Talen Deal
Talen said it believed FERC had erred and was evaluating its options. The company can still restructure its expanded deal with Amazon, according to Oppenheimer analysts.
U.S. power stocks slump after regulator rejects Amazon-Talen nuclear deal
Talen Energy and other U.S. power company stocks slumped Monday following the rejection by the country's top energy regulator of Talen's plan to supply an Amazon.com data center. The Federal Energy Regulatory Commission voted 2-1 late Friday against the
Amended interconnect agreement for Amazon data center rejected, Reuters says
U.S. regulators rejected a proposal to let Amazon buy nuclear power for AWS data centers in Pennsylvania over energy grid reliability and other
Nuclear Stocks Slide After Amazon's Data-Center Plan Is Rejected
Nuclear-energy stocks slid after the Federal Energy Regulatory Commission shot down Amazon's plan to use more power from a Talen Energy nuclear reactor to fuel a data center. The decision is a si
U.S. regulator rejects Amazon-Talen nuclear power agreement for data center
CNBC's David Faber breaks down the latest news affecting markets.
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FERC blocks Amazon AI power deal, energy struggle with Bitcoin miners persists
The Federal Energy Regulatory Commission (FERC) stopped an Amazon AI data center from drawing more power from Talen Energy’s Susquehanna plant in Pennsylvania.
FERC’s AWS, Talen Energy ruling ‘not the final word’ on nuclear, data center colocation: Constellation CEO
The company’s “foot is on the accelerator” to close data center deals as it works to restart Three Mile Island Unit 1 by 2027 ...
Shell Energy Again Challenges FERC in Market Manipulation Case
Shell Energy North America wants the Ninth Circuit to weigh a Federal Energy Regulatory Commission decision reasserting that ...
Nuclear Energy’s AI Boom Blew a Fuse—Here’s What Could Happen Next
The regulator’s decision puts one type of contract at risk, but won’t close the door on nuclear power plants looking to sign ...
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Federal Energy Regulatory Commission Imposes New Requirements on Transmission Line Siting Applicants Seeking Rights of Way on Tribal Lands
On October 17, 2024, the Federal Energy Regulatory Commission (FERC) took final action on Order No. 1977, which requires ...
FERC Improperly Restricted Texas Gas Pipeline Review, Groups Say
The Sierra Club and Public Citizen are challenging the Federal Energy Regulatory Commission’s approvals of the Saguaro Connector pipeline cutting across Texas to the Mexican border, which they say ...
Talen Energy Statement on FERC Order Rejecting Susquehanna ISA
Importantly, the existing ISA allows for 300 megawatts of co-located load at Susquehanna, and development of the first phases of the Amazon Web Services (“AWS”) data center campus can proceed using ...