Talen Energy Corp 10-K

ITEM 2. PROPERTIES The capacity of generation units is based on a number of factors, including the operating experience and physical conditions of the units and may be revised periodically to reflect changed circumstances. Talen Energy's electric generating capacity (summer rating) at December 31, 2015 by segment was as follows. Plant Owner Total MW Capacity % Ownership Talen Energy's Ownership in MW Fuel Type State Region/ISO East segment Martins Creek Talen Generation 1,708 100.00 1,708 Natural Gas/Oil PA PJM Ironwood (a) Talen Generation 661 100.00 661 Natural Gas PA PJM Lower Mt. Bethel Talen Generation 555 100.00 555 Natural Gas PA PJM Combustion turbines Talen Generation 370 100.00 370 Natural Gas/Oil PA PJM Bayonne Sapphire 165 100.00 165 Natural Gas/Oil NJ PJM Camden Sapphire 145 100.00 145 Natural Gas/Oil NJ PJM Dartmouth Sapphire 82 100.00 82 Natural Gas/Oil MA ISO-NE Elmwood Park Sapphire 70 100.00 70 Natural Gas/Oil NJ PJM Newark Bay Sapphire 122 100.00 122 Natural Gas/Oil NJ PJM Pedricktown (b) Sapphire 117 100.00 117 Natural Gas/Oil NJ PJM York Sapphire 46 100.00 46 Natural Gas PA PJM Montour Talen Generation 1,528 100.00 1,528 Coal PA PJM Brunner Island Talen Generation 1,428 100.00 1,428 Coal PA PJM Keystone (c) Talen Generation 1,718 12.34 212 Coal PA PJM Conemaugh (c) Talen Generation 1,754 16.25 285 Coal PA PJM Brandon Shores Raven 1,274 100.00 1,274 Coal MD PJM C.P. Crane (a) Raven 402 100.00 402 Coal MD PJM H.A. Wagner Raven 966 100.00 966 Coal/Natural Gas/Oil MD PJM Susquehanna (c) Talen Generation 2,513 90.00 2,262 Nuclear PA PJM Holtwood (a) Talen Generation 262 100.00 262 Hydro PA PJM Lake Wallenpaupack (a) Talen Generation 46 100.00 46 Hydro PA PJM Athens MACH Gen 969 100.00 969 Natural Gas NY NYISO Millennium MACH Gen 335 100.00 335 Natural Gas MA ISO-NE Renewables (d) N/A 7 100.00 7 Renewables PA PJM 17,243 14,017 West segment Laredo Jade 181 100.00 181 Natural Gas TX ERCOT Nueces Bay Jade 648 100.00 648 Natural Gas TX ERCOT Barney Davis Jade 964 100.00 964 Natural Gas TX ERCOT Harquahala MACH Gen 1,040 100.00 1,040 Natural Gas AZ WECC Colstrip Units 1 & 2 (c) Talen Generation 614 50.00 307 Coal MT WECC Colstip Unit 3 (c) Talen Generation 740 30.00 222 Coal MT WECC 4,187 3,362 Total 21,430 17,379 (a) Plant was sold in the first quarter of 2016 or is under an agreement of sale to satisfy the FERC approved mitigation in connection with the RJS Power acquisition. See Note 1 to the Financial Statements for additional information on the FERC approved mitigation and Note 6 to the Financial Statements for additional information on the announced sales. (b) Pedricktown includes capacity dedicated to serving landlord load (maximum of 11 MW). (c) This unit is jointly owned. Each owner is entitled to its proportionate share of the unit's total output and funds its proportionate share of fuel and other operating costs. See Note 10 to the Financial Statement for additional information. (d) Includes facilities for which Talen Energy has the rights to the output through agreements of Talen Energy Marketing with third parties. Certain of Talen Energy's credit arrangements are secured by liens on the majority of the plants above. See Note 5 to the Financial Statements for additional information. Talen Energy's corporate headquarters are located at 835 Hamilton Street, Suite 150, Allentown, PA 18101-1179 under a lease that expires in 2018. 28 Table of Contents