(Source: EAP - Energy Association of Pennsylvania) Federal regulators granted conditional approval Thursday to PPL Corp.'s plan to spin off its power plants and energy-marketing business and combine it with New York-based power generator Riverstone Holdings, to form a new entity called Talen Energy. But the Federal Energy Regulatory Commission said the newly formed Talen will have too large a share of certain limited electricity markets and would damage competition unless it goes beyond its proposal to sell off power plants as part of the deal. "We find applicants' proposed mitigation is insufficient to address the competitiveness...
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