TALEN ENERGY CORPORATION (“TEC”) ANNOUNCES THAT ITS TALEN ENERGY SUPPLY SUBSIDIARY (“TES”) HAS RECEIVED A $1.3 BILLION EQUITY INVESTMENT COMMITMENT

Unsecured noteholders of TES have entered into a backstop commitment with respect to a common equity rights offering of $1.3 billion, with option to upsize the rights offering to $1.65 billion, as part of the previously announced restructuring support agreement (“RSA”). Additionally,…