US Power Stocks Slump After Regulator Rejects Nuclear Deal

Talen Energy Corp. and other US power company stocks slumped Monday following the rejection by the country’s top energy regulator of Talen’s plan to supply a data center.

The Federal Energy Regulatory Commission voted 2-1 late Friday against the proposal that would have increased the amount of power supplied to an Amazon.com Inc. data facility adjacent to Talen’s Susquehanna nuclear plant in Pennsylvania.