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Nuclear license transfer paves way for Talen Energy to go private

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Allentown-based Talen Energy Corp. is cleared for sale to affiliates of Riverstone Holdings LLC, taking the competitive electricity generation company private. The final regulatory approval on the deal came Wednesday, when the U.S. for both reactors at the Susquehanna Steam Electric Station in Luzerne County. Portfolio companies of Riverstone are taking control of the licenses from Talen as part of the acquisition. The transfer applies to licenses for Susquehanna's Units 1 and 2 boiling water reactors as well as the dry cask spent fuel...

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