Talen Energy (TLNE) investor relations material

Executive summary

• The annual meeting will be held virtually on May 5, 2026, with voting on director elections, executive compensation, and auditor ratification.

• The company operates 13.1 GW of power infrastructure, including nuclear and fossil assets, and is expanding into digital infrastructure to meet AI data center demand.

• Forward-looking statements caution about risks and uncertainties, with non-GAAP measures like Adjusted EBITDA and Adjusted Free Cash Flow used for performance evaluation.

Voting matters and shareholder proposals

• Shareholders will vote to elect seven directors, approve executive compensation on an advisory basis, and ratify PricewaterhouseCoopers LLP as the independent auditor for 2026.

• The board recommends voting in favor of all proposals.

• Shareholder proposals for the 2027 meeting must be submitted by November 19, 2026.

Board of directors and corporate governance

• The board consists of seven members, with a focus on diversity, independence, and relevant experience.

• Four standing committees: Audit, Compensation, Nominating and Governance, and Risk Oversight, each with defined responsibilities and independent members.

• Directors are evaluated annually, and the board encourages diversity in age, gender, ethnicity, and skills.

• Code of Business Conduct and Ethics and an insider trading policy are in place, prohibiting hedging and pledging of company securities.