59. There will not be a substantive changes to PPL existing tariffs as a IEC’s result of the Proposed Transaction. (Joint Statement No. 3, p. 6). Applicants’ 60. Talen Energy has committed pursuant to the Transaction Agreement that, for at least three years following the closing of the Proposed Transaction, it will maintain its headquarters in Pennsylvania and will use commercially reasonable efforts to maintain competitive retail energy supply business activity in the City of Allentown’s Neighborhood Improvement Zone. (Joint Statement No. 1, p. 26). Applicants’ G. PPL IEC 61. PPL IEC is solely in the business of transporting oil and natural gas to electric generating stations. (Joint Statement No. 3, pp. 8-9). Applicants’ 62. The current operating and management employees of PPL IEC have continually operated and maintained the utility facilities. (Joint Statement No. 3, Applicants’ pp. 8-9). 63. The operating and management employees of PPL IEC immediately prior to the closing of the Proposed Transaction will remain employees of PPL IEC following the closing of the Proposed Transaction as required to meet the continuing operations and management needs of the business. (Joint Statement No. 3, pp. 8-9). Applicants’ 64. The operational and management experience of PPL Energy Supply in operating electric generating stations will be transferred to Talen Energy as part of the Proposed Transaction and combined with similar expertise from the generating facilities to be contributed to Talen Energy by the RJS Entities to provide the necessary expertise to fulfill its function closing. (Joint Statement No. 1, pp. 25-26; Joint Statement No. 3, p. 9). Applicants’ Applicants’
59. There will not be a substantive changes to PPL IEC’s existing tariffs as a result of the Proposed Transaction. (Joint Applicants’ Statement No. 3, p. 6). 60. Talen Energy has committed pursuant to the Transaction Agreement that, for at least three years following the closing of the Proposed Transaction, it will maintain its headquarters in Pennsylvania and will use commercially reasonable efforts to maintain competitive retail energy supply business activity in the City of Allentown’s Neighborhood Improvement Zone. (Joint Applicants’ Statement No. 1, p. 26). G. PPL IEC 61. PPL IEC is solely in the business of transporting oil and natural gas to electric generating stations. (Joint Applicants’ Statement No. 3, pp. 8-9). 62. The current operating and management employees of PPL IEC have continually operated and maintained the utility facilities. (Joint Applicants’ Statement No. 3, pp. 8-9). 63. The operating and management employees of PPL IEC immediately prior to the closing of the Proposed Transaction will remain employees of PPL IEC following the closing of the Proposed Transaction as required to meet the continuing operations and management needs of the business. (Joint Applicants’ Statement No. 3, pp. 8-9). 64. The operational and management experience of PPL Energy Supply in operating electric generating stations will be transferred to Talen Energy as part of the Proposed Transaction and combined with similar expertise from the generating facilities to be contributed to Talen Energy by the RJS Entities to provide the necessary expertise to fulfill its function (Joint Applicants’ Statement No. 1, pp. 25-26; Joint Applicants’ Statement No. 3, p. 9). closing.