Category Archives: Spotlight Feature

Luminant Announces the Acquisition of the La Frontera Portfolio from NextEra Energy Resources

Combined-cycle gas turbine assets add to the company’s increasingly diverse energy portfolio

DALLAS - Furthering its commitment to powering Texas and serving its customers, Luminant announced today it has entered into a definitive agreement to acquire generating assets representing 2,988 MW of capacity in the competitive ERCOT market.

Luminant has agreed to purchase NextEra’s La Frontera portfolio, which consists of Forney Energy Center and Lamar Energy Center, both located in Northeast Texas. La Frontera’s generating capacity has the ability to power about 1.5 million homes during normal conditions.

“These plants are strategic investments that enhance our asset portfolio while building on our existing operations in ERCOT,” said Luminant Chief Executive Officer Mac McFarland.

Luminant adds these combined-cycle gas turbine power plants to an already diverse energy portfolio that includes coal, natural gas and nuclear power, as well as significant purchases of wind-generated electricity and a recently announced solar power purchase agreement.

Key Transaction Terms

  • $1.313 billion purchase price ($440 per installed kilowatt) plus approximately $239 million for cash and approximately $37 million for net working capital, subject to customary adjustments based on the amounts of cash and net working capital at closing.
  • Transaction is expected to close in the spring of 2016, pending customary regulatory approvals.
  • Funding of the purchase price is expected to come from cash on hand as well as borrowings under available credit facilities.
  • The United States Bankruptcy Court and appropriate creditor groups have granted the necessary approvals for the acquisition.

Key La Frontera Portfolio Facts

  • The Forney Energy Center is located in Forney, Texas. It has a capacity of 1,912 MW with a commercial operation date of 2003.
  • Lamar Energy Center is located in Paris, Texas. It has a capacity of 1,076 MW with a commercial operation date of 2000.

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About Luminant

Luminant, a subsidiary of Energy Future Holdings Corp., is a competitive power generation business, including mining, wholesale marketing and trading, and development operations. Luminant has more than 13,700 megawatts of generation in Texas, including 2,300 MW fueled by nuclear power and 8,000 MW fueled by coal. The company is a large purchaser of wind-generated electricity. EFH is a Dallas-based energy holding company that has a portfolio of competitive and regulated energy subsidiaries in Texas. Visit luminant.com, energyfutureholdings.com or our corporate blog pov.energyfutureholdings.com for additional information.

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Media
Allan Koenig
Energy Future Holdings
214-812-8080
MediaRelations@energyfutureholdings.com

Brad Watson
Luminant
214-875-8004
Media.Relations@luminant.com

Eye on Luminant Video: Go Inside Sandow Unit 5’s Maintenance Outage

Ever wondered what it takes to complete one of these massive tune-ups?

Eye on Luminant Video: Go Inside Sandow Unit 5’s Maintenance Outage

Each year, planned maintenance outages – a series of carefully orchestrated projects – are carried out across Luminant’s power plants to achieve top performance and reliability throughout the summer.

Ever wondered what it takes to complete one of these massive tune-ups? Go behind the scenes in the latest Eye on Luminant video, featuring Sandow plant’s recent Unit 5 maintenance outage, and see how complicated projects were completed with meticulous exactitude, teamwork and as always, a keen focus on safety.

Job One Profiles: Meet Doug Blevins

spot_KosseHabitatEver wonder what our people do at other sites or within other business units?

Job One Profiles checks in with employees from around the company to see what it is they work on and the important roles they have in powering Texas and serving our customers.

Our employees' unique talents, passions and expertise help strengthen our company's legacy of leadership in the energy industry. In this installment, meet Doug Blevins, an environmental manager, who after 32 years as an engineer, is sowing new seeds as an environmental manager. Watch the video to see why restoring the land is an important part of Powering Texas and why Doug wants to leave his legacy in the beautiful landscapes he helps create.

Luminant Comments on EPA Proposed Greenhouse Gas Rule

Luminant Comments on EPA Proposed Greenhouse Gas Rule

Luminant CEO Mac McFarland recently delivered comments to the Public Utility Commission of Texas regarding the proposed EPA rule on greenhouse gas emissions for existing generating units. Read more on our POV blog.

A Second Life: Luminant Donates Rare Plants to the Dallas Arboretum

pitcher_spotCultivating interest in environmental education, more than 100 rare carnivorous pitcher plants from Luminant's Big Brown Turlington Mine are finding a second life at the Dallas Arboretum. The recently donated plants will be featured in the new Rory Meyers Children's Adventure Garden and are helping plant the seed of environmental awareness and stewardship with future generations. Continue reading

Job One

JobOne_LumSpotWhile our mission remains the same throughout the year - to safely power Texas, care for our valued customers and function as a world-class company - the summer months bring increased demand in the face of a gradually tightening supply. It's critical for our employees and the people we do business with to keep clear sight on Job One. Continue reading

Luminant Environmental Review and Fact Sheets

environmental-review-lgAs the state's largest power producer, we are proud to help meet the electricity needs of a growing population and economy. We have kept our promise to reduce our generating fleet's key emissions by more than 20 percent, remained a national leader in land reclamation excellence, and maintained our exemplary record of regulatory compliance. Read about these highlights and more in our 2013 Environmental Review and environmental fact sheets available now on Luminant.com.

Comanche Peak Kicks Off 2013 With Significant Recycling Effort

Com spotlightContinuing Luminant's commitment to waste reduction, Comanche Peak Nuclear Power Plant is kicking off 2013 nearly 200,000 pounds lighter! The plant recently completed a significant post-operation recycling effort of the old Unit 1 and Unit 2 circuit breakers.

"These were the original breakers from when the units came online more than 20 years ago and were similar to big light switches used to distribute electricity across Texas,” said Tim Curtis, senior environmental technician. "We replaced them during our fall outage with a more efficient design, which will require less maintenance.”
Continue reading