What power rights move with a campus bought from a generator?
Amazon paid $650 million for the Cumulus campus beside the Susquehanna nuclear plant. The power rights moved at closing. Talen’s wholesale and retail power purchase agreements were assigned to Amazon Energy, the campus retail PPA went to the buyer, and a new PPA was signed. The seller also confirmed the transmission line and substation easements that connect the campus to the plant. Its liability for breach of representations is capped at $50 million.
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What the filed contracts say
Contract
What the filed wording says
Talen / Amazon campus purchase
The buyer paid $650 million for the campus.
Talen / Amazon campus purchase
At closing the generator’s wholesale and retail PPAs were assigned to Amazon Energy, the campus retail PPA to the buyer, and a new PPA was delivered.
Talen / Amazon campus purchase
The seller confirmed that the transmission line and substation easements serving the campus are in full force, with no defaults.
Talen / Amazon campus purchase
The seller’s liability for all claims, including breach of representations, is capped at $50 million.
The filed wording
Purchase Price: $650,000,000, to be paid by Buyer to Escrow Holder at Closing.
Talen (Cumulus)–Amazon purchase agreement for the Berwick data centre campus at Susquehanna, Certain Agreement Details (Purchase Price) · Talen Energy S-1, Exhibit 10.24
Each extract is quoted from the contract as filed with the SEC, checked against the filed text when it was added; “…” marks words left out. Filers redact commercial terms, so a [***] or [*] is the filer's, not ours. The summaries describe the wording, not how a court would read it, and each contract's defined terms and other clauses can change the effect. General information drawn from public filings. It is not legal advice on any transaction, and using this page does not create a lawyer-client relationship. Views are personal.
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