Talen Energy Supply and Puget Sound Energy Announce Strategic Transaction of Colstrip, Montana Assets

Talen Energy Supply, LLC and Puget Sound Energy announced that they have executed a strategic transaction which will help advance TES' long-term vision for Colstrip, Montana.

The transaction seeks to leverage the plant's existing electric infrastructure for utility scale renewables project development, while preserving grid resiliency for the Western Interconnect and providing energy security, jobs and significant investments in Montana.   

TES Chief Executive Officer Alejandro Alex Hernandez, said, "I am pleased to complete this strategic transaction with Mary Kipp and Puget Sound Energy, which allows Talen to begin implementing its energy transition vision for Colstrip while also helping to preserve energy security and jobs in Montana. I would also like to thank Governor Greg Gianforte for his continuing support of Colstrip and for working with the Colstrip co-owners as an advocate that Colstrip operate for its full, useful life."

Mary Kipp, Chief Executive Officer of PSE, commented, "PSE customers want clean energy and we are committed to providing it as we plan for our future in accordance with Washington laws and our aspirational Beyond Net Zero Carbon goal."

Mike Garland, Chief Executive Officer of Pattern Energy, said, "Our partnership with Talen Energy to facilitate the energy transition of Colstrip with our Silverthorn Wind project will make Colstrip one of the most important energy centers in the United States, serving the rapidly growing energy needs of the West. The Silverthorn project is of similar scale to our recent Western Spirit Wind facility with 1,050 megawatts of capacity, the largest wind power project ever constructed as a single phase in the Americas. As we embark on Silverthorn, we commend Talen for driving this energy transition plan."