FERC rejected Talen Energy's plan to boost power supply to an Amazon data center, impacting stocks.
U.S. power company stocks dropped after the Federal Energy Regulatory Commission (FERC) rejected Talen Energy's plan to supply more power to an Amazon data center near its Pennsylvania nuclear plant. The proposal aimed to increase capacity from 300 to 480 megawatts but was deemed unnecessary by FERC. This decision could hinder economic growth in several states and complicate energy access for rapidly growing AI-driven data centers. Talen plans to explore other options while the existing capacity remains intact.
November 04, 2024
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