SEC Comment Letter for Talen Energy (TLN) — Jan 27, 2015
Talen Energy Corp
Date: Jan. 27, 2015 · CIK: 0001622536 · Accession: 0000000000-15-004424
AI Filing Summary & Sentiment
File numbers found in text: 333-199888
Referenced dates: January 8, 2015
Letter
January 27, 2015 Via E -mail Paul A. Farr Chief Executive Officer Talen Energy Corporation 835 W. Hamilton Street Allentown, PA 18101
Re: Talen Energy Corporation Amendment No. 1 to Registration Statement on Form S-1 Filed December 22, 2014 Response dated January 16, 2015 File No. 333-199888
Dear Mr. Farr :
We have reviewed your response dated January 16, 2015 and have the following comment. In our comment , we may ask you to provide us with information so we may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the requested information . If you do not believe our comment applies to your facts and circumst ances or do not believe an amendment is appropriate, plea se tell us why in your response .
After reviewing any amendment to your registration statement and the information you provide in response to this comment, we may have additional comments.
Energ y Supply
Unaudited Condensed Consolidated Financial Statements
Notes to Financial Statements, page F -85
1. Interim Financial Statements, page F -85
1. We reviewed your response to our comment in our letter dated January 8, 2015, and note the significant impact of the out -of-period adjustment as compared to your forecast of income from continuing operations after income taxes. Please explain to us how the size of this error to income from continuing operations after income taxes would not alter a reasonable investor’s judgment based on the qualitative factors discussed in your prior response.
Paul A. Farr Talen Energy Corporation January 27 , 2015 Page 2
You may contact Yolanda Guobadia, Staff Accountant , at (202) 551 -3562 or Donna Di Silvio, Staff Accountant, at (202) -551-3202 if you h ave question s regarding comments on the financial statements and re lated matters. Please contact Jennifer López, Staff Attorney, at (202) 551-3792, Dietrich King, Legal Branch Chief, at (202) 551 -3338, or me at (202) 551 -3720 with any other questions.
Sincerely,
/s/ William H. Thompson for
Show Raw Text
January 27, 2015 Via E -mail Paul A. Farr Chief Executive Officer Talen Energy Corporation 835 W. Hamilton Street Allentown, PA 18101 Re: Talen Energy Corporation Amendment No. 1 to Registration Statement on Form S-1 Filed December 22, 2014 Response dated January 16, 2015 File No. 333-199888 Dear Mr. Farr : We have reviewed your response dated January 16, 2015 and have the following comment. In our comment , we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information . If you do not believe our comment applies to your facts and circumst ances or do not believe an amendment is appropriate, plea se tell us why in your response . After reviewing any amendment to your registration statement and the information you provide in response to this comment, we may have additional comments. Energ y Supply Unaudited Condensed Consolidated Financial Statements Notes to Financial Statements, page F -85 1. Interim Financial Statements, page F -85 1. We reviewed your response to our comment in our letter dated January 8, 2015, and note the significant impact of the out -of-period adjustment as compared to your forecast of income from continuing operations after income taxes. Please explain to us how the size of this error to income from continuing operations after income taxes would not alter a reasonable investor’s judgment based on the qualitative factors discussed in your prior response. Paul A. Farr Talen Energy Corporation January 27 , 2015 Page 2 You may contact Yolanda Guobadia, Staff Accountant , at (202) 551 -3562 or Donna Di Silvio, Staff Accountant, at (202) -551-3202 if you h ave question s regarding comments on the financial statements and re lated matters. Please contact Jennifer López, Staff Attorney, at (202) 551-3792, Dietrich King, Legal Branch Chief, at (202) 551 -3338, or me at (202) 551 -3720 with any other questions. Sincerely, /s/ William H. Thompson for Mara L. Ransom Assistant Director