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Talen Energy Corp is an independent power producer and energy infrastructure company based in the United States. It owns and operates several gigawatts of power infrastructure in the United States, including 2.2GW of nuclear power and a dispatchable fossil fleet. The company produces and sells electricity, capacity, and ancillary services into wholesale U.S. power markets, with its generation fleet principally located in the Mid-Atlantic, Ohio, and Montana. Talen's operating segments are: PJM and Others. The PJM segment, which generates maximum revenue, is engaged in electricity generation, marketing activities, and commodity risk and fuel management within the PJM market and is comprised of Susquehanna and Talen's natural gas and coal generation facilities in PJM.

Shell is an integrated energy company involved in the exploration, production, refining, and marketing of oil and natural gas, as well as the manufacturing and distribution of chemicals. The company operates across several segments, including upstream, integrated gas, downstream, and renewables and energy solutions. Founded in 1907, Shell is headquartered in The Hague, Netherlands, and operates in over 70 countries worldwide. Its strategic strengths include a diversified portfolio with significant investments in liquefied natural gas (LNG) and a growing focus on renewable energy and decarbonization efforts. The company's global presence and extensive supply chain network contribute to its significant competitive positioning in the energy sector.