Talen Energy Corp
For the period ended Mar 31, 2025. Filed May 8, 2025.
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Mar 31, 2025 · Filed May 8, 2025
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13. Postretirement Benefit Obligations
- Postretirement Benefit Obligations
TES and certain subsidiaries sponsor postemployment benefits which include defined benefit pension plans, health and welfare postretirement plans (other postretirement benefit plans), and a defined contribution plan.
The components of net periodic benefit costs for the periods were:
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Postretirement benefits service cost (a) | $1 | $1 |
| Postretirement benefit (gain) loss | ||
| Interest cost | $17 | $17 |
| Expected return on plan assets | (19) | (17) |
| Amortization of: | ||
| Postretirement prior service cost (credit) | (1) | — |
| Postretirement benefit (gain) loss, net (b) | $(3) | $— |
| Net periodic defined benefit cost (credit) | $(2) | $1 |
(a)Activity presented as “Operation, maintenance and development” on the Consolidated Statements of Operations.
(b)Activity presented as “Other non-operating income (expense), net” on the Consolidated Statements of Operations.
During the three months ended March 31, 2025, the Company made a contribution of $13 million to the Talen Energy Retirement Plan (Talen’s principal defined-benefit pension plan) that is presented as “Postretirement benefit obligations” on the Consolidated Balance Sheets as of March 31, 2025.
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