Two seasons were all we got from the PlayStation affiliated TV show Powers. This news comes from Brian Michael Bendis, the creator of the comic book which the series is based on, who made the announcement on Twitter:
"This is hard to tweet, but word is that @POWERStheSERIES is sadly, no more. season 2 was the last. at least for now."
The part about "for now" might mean that the show is not outright cancelled, but we're not going to hold our breath. Fans of the comic version of Powers can find solace in the fact that Marvel still wants to publish the comic book.