Who Talen Energy buys from and sells to
PJM power generator built around the Susquehanna nuclear plant plus gas plants, selling to Amazon and the wholesale market.
Buys from 3
- Nuclear fuel vendorsuranium, enrichment and fuel assemblies for Susquehanna
- Appalachian gas producers and pipelinesfuel for Freedom, Guernsey and the legacy gas units
- Caithness EnergyFreedom and Guernsey gas plants, ~2.8 GW, bought Nov 2025
Sells to 2
- AmazonAMZNfront-of-meter Susquehanna power for the AWS campus1,920 MW under long-term PPA (FY2025 results)
- PJM marketwholesale energy and capacity
Where the chain could break
- One nuclear plant, Susquehanna, carries the Amazon contract and most of the value
- Single buyer: Amazon takes the bulk of contracted output
- Everything sells into PJM, so capacity-auction rules and price caps drive earnings
Competes with
- ConstellationCEGPJM nuclear supply to data centres
- VistraVSTPJM nuclear and gas supply to hyperscalers
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.