November 5, 2024

US Power Stocks Slump After Regulator Rejects Nuclear Deal

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Talen Energy Corp. and other US power company stocks slumped Monday following the rejection by the country’s top energy regulator of Talen’s plan to supply a data center.

The Federal Energy Regulatory Commission voted 2-1 late Friday against the proposal that would have increased the amount of power supplied to an Amazon.com Inc. data facility adjacent to Talen’s Susquehanna nuclear plant in Pennsylvania.

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