Why would an private electric company make any deal with an Eco-Terrorist group like the Siera Club?
“ On November 10, 2020, Talen announced its commitment to transform for a clean energy future. As part of its transformation announcement Talen noted that it will decarbonize its fleet and invest in developing renewable energy, battery storage and digital infrastructure primarily on owned land within its footprint. It also introduced its “Force for Good” philosophy, which includes maintaining its commitment to the communities in which it operates, by converting, rather than retiring its fossil generation facilities and creating new opportunities for these stakeholders through its transformation. This announcement made Talen one of the first in the competitive power industry to commit to an accelerated transformation away from coal. The Sierra Club expressed its support of Talen’s actions.
Talen later reported further tangible steps made toward its goal of leading the clean energy transition and being a Force for Good. In April 2021, It announced that it had entered into a joint venture with Pattern Energy to pursue the development, financing, construction and operation of approximately 1.4 Gigawatts of utility scale renewable energy projects over the next five years. Then, in May 2021, Talen unveiled its 1 Gigawatt of battery storage project pipeline. Both the renewable energy and battery storage projects will largely be constructed on land within Talen’s footprint, creating new opportunities for its communities.
During its May 2021 ESG Equity Investor Day, Talen outlined plans to construct a digital infrastructure campus on owned land adjacent to its Susquehanna nuclear generation facility outside Berwick, Pennsylvania. The campus would include facilities that would house data center and cryptocurrency mining operations. Targeted tenants for the data center facilities are organizations including Google, Amazon and Apple, to help facilitate data storage, cloud computing and processing. As the demand for technology increases, so does the requirement for energy to power these applications. Susquehanna’s carbon-free power can offer a clean, reliable source of energy for clients and their applications. The campus’ first facility hosts a 48-megawatt data center, with additional facilities to be constructed in the future. It also includes one 200-megawatt bitcoin mining facility as part of Talen’s joint venture with TeraWulf Inc. Talen subsidiary Cumulus Coin serves as 75% owner and operator of the Nautilus Cryptomine facility which is directly powered by Susquehanna. Talen subsidiary Cumulus Data announced in January 2022 that the data center facility shell was complete and ready for its first tenant. The Nautilus Cryptomine facility began operations in early 2023.
On May 9, 2022, Talen filed for bankruptcy under Chapter 11 in an attempt to reduce its $4.5 billion debt.[14] Its plan of reorganization was approved [15] by the US Bankruptcy Court for the Southern District of Texas on December 15, 2022. The company completed its restructuring and emerged from bankruptcy[16] on May 17, 2023. Upon its emergence, ownership of Talen Energy was transferred to a majority of its unsecured creditors consisting of a number of large financial institutions. Mark “Mac” McFarland also assumed the role of President, CEO and member of the Board, and a new independent board of directors was seated.
Talen Energy has been named as one of America’s Best Midsize Employers[17] by Forbes Magazine for three years in a row, and the company continues to maintain its strong track record for operational excellence.”
https://en.wikipedia.org/wiki/Talen_Energy
“Why would an private electric company make any deal with an Eco-Terrorist group like the Siera Club?”
So they can milk every last dime of their investment for a while longer. Gives them a fixed date when they need to decommission the facility. Without that, closure date becomes vague due to protests, which harms the share price.
Basically the Sierra club is agreeing not to interfere if they close the place by X date. The smart play for the company would to agree to this and once it is clear next year that without this plant, people will not have energy due to the failures of the alternative energy source, they keep the place open, buying another couple of years.
Wash, rinse and repeat until the Sierra club gets bored and goes somewhere else to perform blackmail.
Why would an private electric company make any deal with an Eco-Terrorist group like the Siera Club?
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It’s the usfs/BLM model,,, they infiltrate the targeted company until it’s captured from the inside , top down, and then do the 2 step tango...sue, settle out of court, rinse , repeat.
“Why would an private electric company make any deal with an Eco-Terrorist group like the Siera Club?”
An even better question. Why would the Ohio Department of Natural Resources make any deal with the Nature Conservancy? The RINOs are down with the globalist 30x30 plan, that’s why. Southern Ohio is being taken over by this group.
Look at the Nature Conservancy map...now pan over to Maui!