Luminant, a wholly owned subsidiary of Energy Future Holdings, today released the following statement regarding the approval of the U.S. House Appropriations Subcommittee on Energy and Water Development for an additional $25 billion in loan guarantees for new nuclear projects:
“In order to meet our growing electricity demands while transitioning to a low emissions energy future and energy independence, nuclear power must play a vital role in our nation's infrastructure. The additional loan guarantee funding secured today by Congressman Edwards in the U.S. House Appropriations Energy and Water Subcommittee will help stimulate the nuclear renaissance that the state of Texas and our country will need moving forward,” said David Campbell, CEO, Luminant.
“We greatly appreciate the commitment and dedication to this issue demonstrated by Congressman Edwards. It is difficult to imagine any scenario where our Comanche Peak nuclear facility in Glen Rose, Texas could be expanded without federal loan guarantees like those procured today in the Subcommittee.”