Category Archives: Uncategorized

05.22.2017

Forney and Lamar Power Plants Mark First Anniversary in Luminant’s Fleet

Employees at Luminant's Forney and Lamar Power Plants are celebrating a significant anniversary – officially joining the Luminant team one year ago last month. During this time, the Forney and Lamar plant teams achieved superior operational excellence and continued their longstanding commitment to safety and to proudly serving the Kaufman and Lamar county communities.

Using combined-cycle natural gas technology, Forney and Lamar plants play a key role in powering Texas with safe, reliable, and affordable power, according to Cade Hay, Lamar plant manager.

“These plants are extremely competitive in the ERCOT market, especially during this current period of low natural gas prices,” Hay said. “If gas prices go high again, these plants will still run because they’re highly efficient. I’m proud of our employees and they deserve the utmost recognition for their efforts to enhance plant efficiency and build upon our excellent safety record over the past year.”

In April 2016, Luminant finalized the acquisition of the Forney and Lamar plants, which represent nearly 3,000 megawatts of capacity in the ERCOT market – or enough to power 1.5 million homes in normal conditions.

Forney and Lamar plants are also Star sites, the highest designation of OSHA’s Voluntary Protection Programs. The achievement recognizes employers and workers who have implemented effective safety and health management systems and maintain injury and illness rates below national Bureau of Labor Statistics averages for their respective industries.

According to Caroline Atkins, Luminant corporate affairs manager, Forney and Lamar plants are also helping to power the Kaufman and Lamar county communities through charitable giving and volunteer support.

“Forney and Lamar plant employees are committed to strengthening the communities where we do business, where we have customers, and where they live, work, and serve,” Atkins said. “From contributing funds to the Children’s Advocacy Center of Paris to supporting the Forney ISD Education Leadership Foundation, they take pride in serving as good neighbors.”

In addition to the Forney and Lamar combined-cycle natural gas plants, Luminant has a diverse fleet of generation facilities totaling approximately 17,000 MW of generation in Texas, including coal, natural gas, and nuclear power, as well as significant purchases of renewable electricity from wind and solar generation.

Looking for more? Watch an Eye on Luminant video to ignite your interest in combined-cycle technology and find out why Forney and Lamar plants are key assets for powering Texas with safe, reliable, and affordable power.

Lamar plant employees take pride in supporting the Red River Valley region and recently presented a $5,000 corporate donation to the Children’s Advocacy Center of Paris.

Helping to make our communities sustainable places to live and work, Luminant and Forney plant employees recently celebrated the grand opening of Forney Fire Station No. 2 with a donation of three Monterrey oak trees.

04.5.2007

TXU Responds to “Plant Shut Down” Article

DALLAS, TX -

In response to today’s Dallas Morning News headline regarding TXU gas-fueled power plants, Mike McCall, CEO of TXU Wholesale, issued the following statement:

"TXU cannot unilaterally shut down power plants. Furthermore, the company doesn’t want to shut down plants — that would be the wrong outcome for Texas where generation capacity is needed to serve the state’s reliability needs. TXU made it clear to the PUC that it does not believe any of these plants should be shut down.

The plain intent of TXU’s letter to the PUC was to initiate a process to obtain approval of a voluntary mitigation plan for these plants for the future.

No generation operator, including TXU, has the authority to unilaterally retire a plant. TXU operates under the rules of the Electric Reliability Council of Texas (ERCOT) which has an established process to determine whether or not plants can be retired without jeopardizing the reliability of the Texas power grid. If TXU determined it could no longer justify operation of the plant at a loss, it would notify and provide ERCOT with the opportunity to declare that the plant is a “Reliability Must Run” plant. If needed for reliability, that plant would then be placed under a contract with ERCOT to ensure the plant continues to be available to serve the reliability needs of Texas.

It’s unfortunate that some may misinterpret today’s Dallas Morning News story on TXU Wholesale’s recent letter to the PUC of Texas."

02.27.2007

TXU Reports Fourth Quarter and Full Year Results

DALLAS, TX -

TXU Corp. (NYSE: TXU) today reported consolidated results for the fourth quarter and full year ended December 31, 2006.

  • TXU reported net income available to common shareholders of $475 million, $1.03 per share, in the fourth quarter 2006 compared to $356 million, $0.74 per share, in the fourth quarter 2005.
  • Operational earnings, which exclude special items and income or losses not related to continuing operations were $556 million, $1.20 per share, in the fourth quarter 2006 compared to $427 million, $0.88 per share, in the fourth quarter 2005.
  • For the full year 2006, TXU reported net income available to common shareholders of $2,552 million, $5.46 per share, compared to $1,712 million, $2.50 per share, for full year 2005.
  • Full year 2006 operational earnings were $2,592 million, $5.55 per share, compared to $1,628 million, $3.35 per share, for full year 2005.
  • Operational highlights are provided in Table 1 beginning on page 2.

Click here for the complete news release.
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