Moxie Freedom (1,105 MW CCGT, PA) + Guernsey Power Station (1,875 MW CCGT, OH) — combined-cycle gas plants in PJM
Talen Energy announced acquisition of both Moxie Freedom (1,105 MW CCGT, Luzerne County, PA) and Guernsey Power Station (1,875 MW CCGT, Guernsey County, OH) on July 17, 2025, for combined $3.5B net ($3.8B gross). Breakdown: $1.46B for Moxie, $2.33B for Guernsey. Sellers: Caithness Energy (and BlackRock/GIP for Guernsey equity interests). Completed Nov 25, 2025.
$3.50B
Deal Value
2,980MW
Capacity
Other
Technology
PA, OH
Location
Deal Details
- Deal Type
- Corporate M&A
- Seller / Sponsor
- Caithness Energy, BlackRock/GIP
- Buyer / Financier
- Talen Energy
- Deal Value
- $3.5B (net; $3.8B gross)
- Stage
- Operating
- ISO/RTO
- PJM
- Source
- Talen Energy IR
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