Tag: auction

HOUSTON, July 14, 2026 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen,” “we,” or “our”) (NASDAQ: TLN), a leading independent power producer, today reported its results from the PJM Base Residual Auction for the 2028/2029 planning year. Talen cleared a total of 10,180 megawatts at a clearing price of $325 per megawatt-day across the PJM Interconnection Regional Transmission Organization, equating to approximately $1,208 million in capacity revenues for the 2028/2029 planning year. The planning year runs from June 1, 2028 through May 31, 2029.

Telia Lietuva, AB (hereinafter “Telia Lietuva” or “the Company”) acquired two 1,500 MHz frequency blocks for almost EUR 10 million and stood out as the largest investor in the 1,500 MHz frequency band in an auction organized by the Communications Regulatory Authority (CRA). The Company received the largest share of these frequencies sold – 40 MHz, which will be used for further development of the 5G network. Along with this achievement, Telia Lietuva also extended the right to use the 2,100 MHz frequency band in another auction, committing to pay the state another EUR 2 million for this right.

                                                                                          Copenhagen, 19 June 2026