US power company stocks experienced a decline on Monday after the Federal Energy Regulatory Commission rejected Talen Energy Corp.'s proposal to provide additional power to an Amazon data center.
The commission voted against the plan, which aimed to increase electricity provision to a facility near Talen's Susquehanna nuclear plant in Pennsylvania. This decision has raised concerns among investors about the future of power supply agreements and the potential impact on energy infrastructure development.
Talen Energy's stock, along with other power sector shares, faced downward pressure as market participants reacted to the regulatory setback.