Talen Energy Continues Portfolio Expansion With Acquisition Of Additional High-Quality Pjm Natural Gas Assets From Energy Capital Partners

Jan 15 (Reuters) - Bridgepoint Group PLC BPTB.L:

• TALEN ENERGY CONTINUES PORTFOLIO EXPANSION WITH ACQUISITION OF ADDITIONAL HIGH-QUALITY PJM NATURAL GAS ASSETS FROM ENERGY CAPITAL PARTNERS

• TALEN ENERGY CORP - TO ADD 2.6 GW NATURAL GAS CAPACITY

• TALEN ENERGY CORP - ACQUISITION PRICE $3.45 BILLION WITH $2.55 BILLION IN CASH

• TALEN ENERGY CORP - DEAL EXPECTED TO PROVIDE IMMEDIATE & SIGNIFICANT ADJUSTED FREE CASH FLOW PER SHARE ACCRETION IN EXCESS OF 15% ANNUALLY THROUGH 2030

• TALEN ENERGY CORP: EXPECTS TO ISSUE NEW DEBT TO FUND CASH PORTION OF PURCHASE PRICE FOR DEAL