Talen Energy Corp PP&E Disclosure
| Successor | ||||||||||||||||||||||||||||||||||||||||||||
| December 31, 2025 | December 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||
| Estimated Useful Life (years) | Gross Value | Accumulated Depreciation | Carrying Value | Gross Value | Accumulated Depreciation | Carrying Value | ||||||||||||||||||||||||||||||||||||||
| Electric generation | 3-37 | $ | 7,522 | $ | (481) | $ | 7,041 | $ | 3,030 | $ | (292) | $ | 2,738 | |||||||||||||||||||||||||||||||
| Nuclear fuel | 1-6 | 403 | (213) | 190 | 322 | (152) | 170 | |||||||||||||||||||||||||||||||||||||
| Other property and equipment | 3-24 | 63 | (11) | 52 | 90 | (18) | 72 | |||||||||||||||||||||||||||||||||||||
| Capitalized software | 1-5 | 10 | (5) | 5 | 8 | (3) | 5 | |||||||||||||||||||||||||||||||||||||
| Construction work in progress | 258 | — | 258 | 169 | — | 169 | ||||||||||||||||||||||||||||||||||||||
| Property, plant and equipment, net | $ | 8,256 | $ | (710) | $ | 7,546 | $ | 3,619 | $ | (465) | $ | 3,154 | ||||||||||||||||||||||||||||||||
| Successor | Predecessor | ||||||||||||||||||||||||||||
| Year Ended December 31, 2025 | Year Ended December 31, 2024 | May 18 through December 31, 2023 | January 1 through May 17, 2023 | ||||||||||||||||||||||||||
Depreciation expense (a) | $ | 211 | $ | 225 | $ | 133 | $ | 173 | |||||||||||||||||||||
Amortization expense (b) | 10 | 16 | 1 | 4 | |||||||||||||||||||||||||
Accretion expense (c) | 58 | 57 | 31 | 24 | |||||||||||||||||||||||||
| Other | — | — | — | (1) | |||||||||||||||||||||||||
| Depreciation, amortization and accretion | $ | 279 | $ | 298 | $ | 165 | $ | 200 | |||||||||||||||||||||
| Successor | ||||||||||||||
| December 31, 2025 | December 31, 2024 | |||||||||||||
| Ownership interest | 90% | 90% | ||||||||||||
| Electric generation | $ | 2,241 | $ | 2,206 | ||||||||||
| Nuclear fuel | 403 | 322 | ||||||||||||
| Other property and equipment | 28 | 25 | ||||||||||||
| Capitalized software | 3 | 2 | ||||||||||||
| Construction work in progress | 114 | 109 | ||||||||||||
| Proportionate property, plant and equipment, cost | 2,789 | 2,664 | ||||||||||||
| Less: accumulated depreciation and amortization | 494 | 326 | ||||||||||||
| Proportionate property, plant and equipment, net | $ | 2,295 | $ | 2,338 | ||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.