DALLAS, TX -
Application Fulfills Merger Transaction Commitment
Today, Luminant, a subsidiary of Energy Future Holdings (EFH), announced it has applied for membership in the FutureGen Alliance. EFH was formerly known as TXU Corp. before its acquisition by Kohlberg Kravis Roberts & Co., Texas Pacific Group and other investors last month.
Fulfilling other merger-related commitments, Luminant previously terminated permits for eight planned coal-fueled generation plants. The company also has applied for membership in the United States Climate Action Partnership (USCAP).
“Joining FutureGen is a sign of our commitment to explore new, innovative, emerging technologies that will help generate cleaner, more efficient energy,” said Luminant CEO Mike Greene. “I believe the success of the FutureGen Alliance will ultimately result in a cleaner source of power generation, to include some form of carbon capture.”
“The FutureGen project represents the next step in environmentally-friendly coal-fueled generation. There are many emerging technologies, and FutureGen will take those technologies from promising to commercially viable,” said Donald L. Evans, Non-executive Chairman of the EFH Board. “Membership in FutureGen demonstrates our strong support for this project and for improving the way we generate power.”
FutureGen is a public-private partnership to build a first-of-its-kind coal-fueled, near-zero emissions power plant. It will use cutting-edge technologies to generate electricity while capturing and permanently storing carbon dioxide deep beneath the earth.
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About Luminant
Luminant, a subsidiary of Energy Future Holdings Corp. (EFH) formerly named TXU Corp., is a competitive power generation business, including mining, wholesale marketing and trading, construction and development operations. Luminant has over 18,300 MW of generation in Texas, including 2,300 MW of nuclear and 5,800 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 holdingcompany that has a portfolio of competitive and regulated energy subsidiaries, primarily in Texas. Visit https://www.luminant.com/ for more information about Luminant.
About Energy Future Holdings
Energy Future Holdings Corp., formerly named TXU Corp., is a Dallas-based energy holding company, with a portfolio of competitive and regulated energy subsidiaries, primarily in Texas, including TXU Energy, Luminant and Oncor. TXU Energy is a competitive retailer that provides electricity and related services to 2.1 million electricity customers in Texas. Luminant is a competitive power generation business, including mining, wholesale marketing and trading, construction and development operations. Luminant has over 18,300 MW of generation in Texas, including 2,300 MW of nuclear and 5,800 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. Oncor is a regulated electric distribution and transmission business that uses superior asset management skills to provide reliable electricity delivery to consumers. Oncor operates the largest distribution and transmission system in Texas, providing power to three million electric delivery points over more than 101,000 miles of distribution and 14,000 miles of transmission lines. Visit http://www.txucorp.com/ and www.energyfutureholdings.com for more information.
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Lisa Singleton
214-812-5049