U.S. Nuclear Regulatory Commission Approves Susquehanna Licenses Transfer

The U.S. Nuclear Regulatory Commission approved the request from Talen Energy Corporation’s subsidiary, Susquehanna Nuclear, LLC, for an indirect transfer of control of the operating licenses for both units at the Susquehanna nuclear power plant.

The decision is the final regulatory approval necessary to enable affiliates of Riverstone Holdings, LLC to acquire Talen Energy Corporation pursuant to the merger agreement announced on June 3, 2016. The transaction is expected to close within the next 10 business days, subject to satisfaction of customary closing conditions.