Helping the next generation of scientists, nearly 20 employees from Luminant’s Comanche Peak Nuclear Power Plant and DeCordova Power Plant recently volunteered as judges for the Granbury ISD Science and Engineering Fair. Luminant also awarded three $500 scholarships – for a total of $1,500 – to three winning entries as part of the company’s longstanding commitment to educational partnerships, especially those building skills in science, technology, engineering and math, or STEM.
“The company and its employees are proud to invest in our communities and participate in educational outreach activities that empower students to pursue their interests in STEM fields,” said Caroline Atkins, Luminant corporate affairs manager. “There’s a lot of hard work and creativity that goes into each one of these projects and it’s exciting to know that our employees are helping to develop future leaders and scientists.”
For Luminant’s volunteer judges, the science and engineering fair was an opportunity to provide mentorship, pass along real-world knowledge and boost students’ enthusiasm for STEM.
“As an engineer, I’m passionate about science and giving back to the community is what it’s all about,” said Chase Dube, Luminant DeCordova Power Plant engineer and science fair judge. “I remember participating in science fairs when I was younger and learning the importance of asking questions, looking for ways to improve my project and always thinking of new ideas. I see myself in these students and I hope they continue to pursue their passion for science.”
This February, winning projects will advance to the Fort Worth Regional Science and Engineering Fair, held at the University of Texas at Arlington. Learn more about Luminant’s educational outreach and community initiatives at www.Luminant.com.
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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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.
Energy Future Holdings
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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.
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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.
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As 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.
Luminant is committed to powering Texas safely. But that's not all we've done over the past five years. We've created jobs, planted millions of trees, invested in our communities and more. Continue reading