CPS Energy, a municipally owned natural gas and electric company, agreed to acquire 1710 MW generation portfolio from Talen Energy, a company that operates as an energy and power generation and marketing company in North America, for $785m. "The purchase of these assets furthers CPS Energy's commitment to deliver reliable and affordable energy supply to one of the nation's fastest growing communities, while also balancing our commitment to reduce carbon emissions by 2030. The investments we are making to purchase and improve the performance of these plants provide cost benefits when compared to building new assets, which means reliability now at a lower price for our community. In addition to these facilities, as our community continues to grow, we are also adding low and zero-carbon resources as well as energy storage to enable that additional growth," Rudy Garza, CPS Energy President & CEO.