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Energy Future Holdings Sale Completed

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According to a corporate release Energy Future Holdings’ subsidiary Luminant has acquired two combined-cycle natural gas plants in Texas after receiving regulatory approval from the Public Utility Commission of Texas. These generating assets represent nearly 3,000 megawatts of capacity in the competitive ERCOT market: the Forney Power Plant in Forney with a capacity of 1,912 megawatts and the Lamar Power Plant in Paris with a capacity of 1,076 megawatts.

The Company announced the $1.3 billion acquisition in November 2015, and Luminant’s C.E.O., Mac McFarland, comments, “We’re delighted to add these two combined-cycle natural gas plants that will enhance our already diverse generation assets.” There are 30 to 40 NextEra Energy Resources employees at each location, and they will continue to run the plants through a short-term agreement with NextEra Energy Resources before they’re transitioned to be employees of Luminant.

Read more EFH bankruptcy news.

The post Energy Future Holdings Sale Completed appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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