Talen Energy Nets Regulator Approval of $1.9 Billion Equity Offer

Power generation company Talen Energy Supply LLC says it’s received sign-off from federal energy regulators to begin offering up to $1.9 billion in equity rights.

The Talen Energy Corp. unit received approvals last week from the US Federal Energy Regulatory Commission and the US Nuclear Regulatory Commission as part of its restructuring plan, the company told the Bankruptcy Court for the Southern District of Texas in a Monday filing.

The Woodlands, Texas-based company received approval in December for a Chapter 11 reorganization plan that converts $1.4 billion of its unsecured debt to equity for noteholders that include Teachers Advisors ...