Talen Energy Corp
For the period ended Mar 31, 2026. Filed May 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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6. Nuclear Decommissioning Trust Funds
- Nuclear Decommissioning Trust Funds
| March 31, 2026 | December 31, 2025 | |||||||
|---|---|---|---|---|---|---|---|---|
| Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value | Amortized Cost | Unrealized Gains | Unrealized Losses | Fair Value | |
| Cash equivalents | $16 | $— | $— | $16 | $16 | $— | $— | $16 |
| Equity securities | 388 | 706 | (22) | 1,072 | 385 | 739 | (19) | 1,105 |
| Debt securities | 780 | 4 | (9) | 775 | 773 | 7 | (3) | 777 |
| Receivables (payables), net | 6 | — | — | 6 | 2 | — | — | 2 |
| NDT Funds | $1,190 | $710 | $(31) | $1,869 | $1,176 | $746 | $(22) | $1,900 |
See Note 11 for additional information on the NDT fair value. There were no available-for-sale debt securities with credit losses as of March 31, 2026 and December 31, 2025.
As of March 31, 2026, there was no intent to sell available-for-sale debt securities with unrealized losses, and it is not more likely than not that each of these investments will be required to be sold before the recovery of its amortized cost. The aggregate fair value of available-for-sale debt securities with unrealized losses as of March 31, 2026 was:
| Fair Value | Unrealized Losses | |
|---|---|---|
| Corporate debt securities | $198 | $(4) |
| Municipal debt securities | 61 | (1) |
| U.S. Government debt securities | 271 | (4) |
| Debt securities in unrealized loss position | $530 | $(9) |
As of March 31, 2026, the aggregate fair value of debt securities whose carrying value was below the purchase price for a duration of one year or longer were $132 million and the unrealized losses related to such securities were non-material.
The contractual maturities for available-for-sale debt securities presented on the Consolidated Balance Sheets were:
| March 31,2026 | December 31,2025 | |
|---|---|---|
| Maturities within one year | $11 | $23 |
| Maturities within two to five years | 231 | 233 |
| Maturities thereafter | 533 | 521 |
| Debt securities, fair value | $775 | $777 |
The sales proceeds, gains, and losses for available-for-sale debt securities for the periods were:
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Sales proceeds of NDT funds investments (a) | $80 | $576 |
| Realized gains | 1 | 3 |
| Realized losses | — | (2) |
(a)Sales proceeds are used to pay income taxes and trust management fees. Remaining proceeds are reinvested in the NDT.
The net unrealized gains and losses recognized associated with equity securities still held at the end of the reporting periods were:
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Equity securities, unrealized gains (losses) | $(36) | $(24) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.