CPS Energy completed the acquisition of the 1.7k MW generation portfolio from Talen Energy for $785m.

CPS Energy, a municipally owned natural gas and electric company, completed the acquisition of 1.7k MW generation portfolio from Talen Energy, a company that operates as an energy and power generation and marketing company in North America, for $785m. “This step marks CPS Energy’s growing role as a regional energy utility, providing additional resiliency and reliability for our customers. This acquisition adds critical capacity to our generation portfolio to continue to reliably serve one of the fastest-growing regions in the nation. Our customers will benefit from these investments for decades to come," Rudy Garza, CPS Energy President & CEO.