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Owner of Susquehanna NPP has announced the commencement of a bankruptcy procedure

AtomInfo.Ru, PUBLISHED 15.05.2022

Talen Energy Supply, the owner of the U.S. Susquehanna nuclear power plant, has announced the commencement of a bankruptcy procedure.

The Susquehanna Nuclear Power Plant, also known as the Susquehanna Steam Electric Station, consists of two BWR units. The electric capacity of each of the units is 1257 MWe net, and the units have been in commercial operation since 1983 and 1985, respectively.

Talen Energy was founded in 2015. Among other things, it owns 90% of the shares of the Susquehanna nuclear power plant.

Last week, the company filed for a managed bankruptcy under Chapter 11 of the US Bankruptcy Code. The goal is to reduce the $4.5 billion debt burden and raise $1.65 billion in new capital from some bondholders.

Topics: NPP, USA

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