News Release
03.09.09
Luminant Statement Regarding Thriving Texas Electric MarketDALLAS, TX -
This legislation is being pushed by a self-serving group of regulatory lawyers seeking to decimate a market which has sparked $36 billion in new generation investment in the last decade, with billions more planned. Their goal is to create a problem that doesn't exist while furthering their own business interests and ultimately hurting consumers.
Luminant is one of the largest taxpayers in Texas and a proud partner in the communities where our 4,000 employees work and live. Our $118 million in state tax contributions last year supports local schools, hospitals, county governments and other entities across Texas. We are committed to a vibrant market with the strong regulatory oversight that exists today.
About Luminant
Luminant, a subsidiary of Energy Future Holdings Corp. (EFH), is a competitive power generation business, including mining, wholesale marketing and trading, construction and development operations. Luminant has over 18,300 megawatts of generation in Texas, including 2,300 megawatts of nuclear and 5,800 megawatts of coal-fueled generation capacity, and is building an additional 2,200 MW of coal-fueled generation capacity. Luminant is also the largest purchaser of wind-generated electricity in Texas and fifth largest in the United States. EFH is a Dallas-based energy holding company that has a portfolio of competitive and regulated energy subsidiaries, primarily in Texas. Visit www.luminant.com or www.energyfutureholdings.com for additional information.
MediaLaura Starnes
214-875-8156
Laura.Starnes@luminant.com
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