Talen Energy rallies after reporting strong results in annual PJM capacity auction

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High Voltage Electric Power Lines At Sunset

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Talen Energy (NASDAQ:TLN) +8.8% post-market Tuesday after prices from the annual energy auction held by PJM Interconnection, the largest U.S. power grid operator, cleared at $329.17 per megawatt-day, 22% higher than last year's record-high levels.

PJM's capacity auction determines what power

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