PPL, Riverstone to Form One of the Nation's Largest Independent Power Producers
Submitted by aburr on Thu, 2014-06-19 17:34PPL Corporation and Riverstone Holdings LLC announced a definitive agreement to combine their merchant power generation businesses into a new stand-alone, publicly traded independent power producer. The new company, which will own and operate 15,320 MW of generating capacity, will be called Talen Energy Corporation.