UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of ~~the~~Report ~~Securities~~(Date ~~Exchange~~of ~~Act~~earliest ofevent ~~1934~~reported): May 24, 2016

Date of Report (Date of earliest event reported): June 1, 2015



Talen Energy Corporation (Exact name of registrant as specified in its charter)
Delaware	1-37388	47-1197305
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

CommissionFile Number	Registrant; State of Incorporation;Address and Telephone Number	IRS Employer Identification No.
1-37388	Talen Energy Corporation (Exact name of Registrant as specified in its charter) (Delaware) 835 Hamilton Street Allentown, PA 18101-1179 (610) 774-5151	47-1197305
1-32944	PPL Energy Supply, LLC (Exact name of Registrant as specified in its charter) (Delaware) 835 Hamilton Street Allentown, PA 18101 (610) 774-5151	23-3074920

835 Hamilton Street, Suite 150, Allentown, PA 18101-1179

(Address of principal executive offices)(Zip Code)

~~Check~~Registrant’s ~~the~~telephone ~~appropriate~~number, ~~box~~including ~~below~~area ifcode: ~~the~~(888) ~~Form 8~~211-~~K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:~~ 6011

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



Talen Energy Supply, LLC (Exact name of registrant as specified in its charter)
Delaware	1-32944	23-3074920
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

¨835 ~~Soliciting~~Hamilton ~~material~~Street, ~~pursuant~~Suite to150, ~~Rule~~Allentown, ~~14a~~PA 18101-121179 ~~under~~(Address ~~the~~of ~~Exchange~~principal ~~Act~~executive offices)(17Zip ~~CFR 240.14a-12~~Code)

¨Registrant’s ~~Pre-commencement~~telephone ~~communications~~number, ~~pursuant~~including toarea ~~Rule~~code: ~~14d-2~~(b888) ~~under the Exchange Act (17 CFR 240.14d~~211-~~2(b))~~6011

¨Check ~~Pre~~the appropriate box below if the Form 8-~~commencement~~K ~~communications~~filing ~~pursuant~~is intended to ~~Rule~~simultaneously ~~13e-4(c)~~satisfy ~~under~~the filing obligation of the ~~Exchange~~registrants ~~Act~~under ~~(17~~any ~~CFR~~of ~~240.13e-4(c))~~the following provisions:

~~Section 7~~[ –] ~~Regulation~~Written FDcommunications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~Item~~Section 7~~.01~~ - Regulation FD ~~Disclosure~~

OnItem June 1, 2015, Talen Energy Corporation (“Talen Energy” or the “Company”) issued a press release announcing the formation of the Company following the completion of the spinoff of the competitive power generation business of PPL Corporation and the subsequent combination with the competitive power generation business owned by Riverstone Holdings LLC7.01 InRegulation ~~addition,~~FD ~~as previously announced on May 26, 2015, Talen Energy announced that at 5:00 p~~Disclosure.m. (Eastern Time) on June 1, 2015, members of Talen Energy’s senior management will hold a conference call and webcast to discuss Talen Energy’s business outlook and provide guidance on earnings and cash flow.

~~The~~Talen ~~conference~~Energy ~~call~~Reports ~~will~~PJM beCapacity ~~webcast~~Auction live, in audio format, along with slides of the presentation at www.talenenergy.com. A replay of the presentation and the slides will also be available at www.talenenergy.com. A copy of the press release announcing completion of the transaction, the conference call and the webcast is furnished as Exhibit 99.1. A copy of the slides to be used for the webcast is furnished as Exhibit 99.2. Results

~~Section 9~~On –May ~~Financial~~24, ~~Statement~~2016, PJM Interconnection, L.L.C. (“PJM”), the operator of the electricity transmission network and ~~Exhibits~~electricity market in most of the Mid-Atlantic and parts of the Midwestern and Southeastern U.S., completed the Base Residual Auction for procuring capacity for the 2019/20 planning year. Based on the auction clearing prices and cleared megawatts (MW) in the auction, Talen Energy Corporation and its wholly owned, indirect subsidiary Talen Energy Supply, LLC (collectively, "Talen Energy") expect Talen Energy’s PJM capacity revenues to be approximately $257 million for the 2019/20 planning year.

~~Item~~The 9expected capacity revenues do not include any value for capacity that did not clear either the base or Capacity Performance (CP) products.01 ~~Financial~~Any ~~Statements~~uncleared ~~and~~capacity ~~Exhibits~~has the capability to be bid into subsequent incremental auctions or sold to third parties in bilateral transactions. Under the CP construct, uncleared capacity also has the potential to provide additional value as portfolio insurance against unit non-performance or through participation in penalty revenues.

~~(d)~~The ~~Exhibits~~table below provides a breakdown of the results of the auction for Talen Energy’s capacity by PJM load delivery area.

99.1		June 1, 2015 press release.
	Base Product				CP Product
99.2		Slides to be used in connection with the presentation referred to in Exhibit 99.1.
	ClearedMW		Price ($/MW-day)		ClearedMW	Price ($/MW-day)		Revenue($ millions)		UnclearedMW
BGE	110		$	80.30	1,228	$	100.30	$	48	748
EMAAC	—		$	99.77	255	$	119.77	$	11	168
RTO	6		$	80.00	5,395	$	100.00	$	198	2,581
Total	116				6,878			$	257	3,497

~~SIGNATURES~~As provided in General Instruction B.2 of Form 8-K, the information contained in this Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall any such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

~~Pursuant~~Forward-Looking ~~to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.~~ Statements

~~TALEN~~Statements ~~ENERGY~~contained ~~CORPORATION~~herein, ~~By:~~including ~~/s/~~statements ~~Paul~~with Arespect to future capacity revenues, are “"forward looking statements" within the meaning of the federal securities laws. ~~Farr~~These ~~Paul~~statements Aoften include such words as "believe," "expect," "anticipate," "intend," "plan," "estimate," "target," "project," "forecast," "seek," "will," "may," "should," "could," "would" or similar expressions. ~~Farr~~Although ~~President~~Talen Energy believes that the expectations and assumptions reflected in these forward-looking statements are reasonable, ~~Chief~~these ~~Executive~~statements ~~Officer~~are subject to a number of risks and ~~Director~~uncertainties, ~~PPL~~and ~~ENERGY~~actual ~~SUPPLY~~results may differ materially from the results discussed in the statements. Among the important factors that could cause actual results to differ materially from the forward-looking statements are: adverse economic conditions; changes in commodity prices and related costs; the effectiveness of Talen Energy's risk management techniques, including hedging; accounting interpretations and requirements that may impact reported results; operational, price and credit risks in the wholesale and retail electricity markets; Talen Energy's ability to forecast the actual load needed to perform full-requirements sales contracts; weather conditions affecting generation, customer energy use and operating costs and revenues; disruptions in fuel supply; circumstances that may impact the levels of coal inventory that are held; the performance of transmission facilities and any changes in the structure and operation of, or the pricing limitations imposed by, the RTOs and ISOs that operate those facilities; blackouts due to disruptions in neighboring interconnected systems; competition; federal and state legislation and regulation; costs of complying with environmental and related worker health and safety laws and regulations; the impacts of climate change; the availability and cost of emission allowances; changes in legislative and regulatory policy; security and safety risks associated with nuclear generation; Talen Energy's level of indebtedness; the terms and conditions of debt instruments that may restrict Talen Energy's ability to operate its business; the performance of Talen Energy's subsidiaries and affiliates, on which its cash flow and ability to meet its debt obligations largely depend; the risks inherent with variable rate indebtedness; disruption in financial markets; Talen Energy's ability to access capital markets; acquisition or divestiture activities, and Talen Energy's ability to realize expected synergies and other benefits from such business transactions, including in connection with the completed MACH Gen acquisition; changes in technology; any failure of Talen Energy's facilities to operate as planned, including in connection with scheduled and unscheduled outages; Talen Energy's ability to optimize its competitive power generation operations and the costs associated with any capital expenditures, including the Brunner Island dual-fuel project; significant increases in operation and maintenance expenses; the loss of key personnel, the ability to hire and retain qualified employees and the impact of collective labor bargaining negotiations; war, armed conflicts or terrorist attacks, including cyber-based attacks; risks associated with federal and state tax laws and regulations; any determination that the transaction that formed Talen Energy does not qualify as a tax-free distribution under the Internal Revenue Code; Talen Energy's ability to successfully integrate the RJS Power businesses and to achieve anticipated synergies and cost savings as a result of the spinoff transaction and combination with RJS Power; costs of complying with reporting requirements as a newly public company and any related risks of deficiencies in disclosure controls and internal control over financial reporting as a standalone entity; and the ability of affiliates of Riverstone Holdings, LLC, ~~By:~~to exercise influence over matters requiring Board of Directors and/s/or ~~Paul~~stockholder Aapproval. ~~Farr~~Any ~~Paul~~such A.forward-looking ~~Farr~~statements ~~President~~should be considered in light of such important factors and ~~Chief~~in ~~Executive~~conjunction ~~Officer~~with Talen Energy's Form 10-K for the year ended December 31, 2015, its Form 10-Q for the quarter ended March 31, 2016 and its other reports on file with the Securities and Exchange Commission.

~~Dated: June 1, 2015~~ SIGNATURES

3Pursuant to the requirements of the Securities Exchange Act of 1934, each of the Registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



	TALEN ENERGY CORPORATION

	By:	/s/ Jeremy R. McGuire
		Jeremy R. McGuire Senior Vice President, Chief Financial Officer and Chief Accounting Officer



	TALEN ENERGY SUPPLY, LLC

	By:	/s/ Jeremy R. McGuire
		Jeremy R. McGuire Senior Vice President, Chief Financial Officer and Chief Accounting Officer

Dated: May 25, 2016

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