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Talen Energy announced it secured approximately $1.067 billion in capacity revenues for the 2027/2028 planning year after clearing 8,745 megawatts in the PJM Base Residual Auction.
Utility stocks, including Vistra Corp. (VST), fell as much as 7.77% after a PJM electricity auction on December 17, 2025, revealed soaring power prices, raising reliability concerns for the grid serving 65 million consumers.
The PJM Interconnection power auction is expected to reach a record $17 billion to secure capacity for 2027, driven by soaring electricity demand from data centers.