Nuclear plant owner Talen Energy Supply files for bankruptcy
May 11, 2022
Talen Energy Supply, the owner of the Susquehanna nuclear power plant in Salem Twp., has filed for Chapter 11 bankruptcy.
The Woodlands, Texas-based company, a unit of Talen Energy Corp. which runs 18 power generation facilities, filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas on Monday night in an effort to substantially reduce its $4.5 billion debt load and bring in $1.65 billion in new equity from certain bondholders, according to national reports.
