DALLAS, TX -
Fulfills Merger Transaction Commitment
Today, Luminant announced it is applying for membership in the United States Climate Action Partnership (USCAP). Luminant is a subsidiary of Energy Future Holdings (EFH). EFH was formerly known as TXU Corp. before its acquisition by Kohlberg Kravis Roberts & Co., Texas Pacific Group and other investors last month.
William K. Reilly, a member of the EFH Board of Directors and a former EPA Administrator, applied for membership on behalf of Luminant, fulfilling a commitment made by the investors during the merger transaction.
Luminant had previously terminated permits for eight coal-fueled generation plants, fulfilling another merger-related commitment.
“We look forward to joining USCAP in order to begin to participate in the national dialogue about climate change and energy generation and consumption. We are particularly committed to exploring new and emerging technologies that can help generate cleaner, more efficient energy,” said Luminant CEO Mike Greene. “We look forward to working with USCAP to advance legislation to address comprehensive climate change.”
“We believe Luminant's presence in USCAP would represent an important step in further integrating Texas into the discussion about implementing a viable cap and trade program for CO2,” said Reilly. “As a state with one of the fastest growing electricity markets, Texas no doubt will play an important role in future policy debates regarding protection of the climate.”
USCAP is an alliance of major businesses and leading climate and environmental groups that have come together to call on the federal government to enact legislation requiring significant reductions of greenhouse gas emissions. The members of USCAP include some of the world's largest corporations and six of the nation's most respected non-governmental organizations.
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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.