Company Overview of Luminant Generation Company LLC
Luminant Generation Company LLC generates power. The company generates electricity via coal and nuclear resources; and purchases and sells wind-generated electricity. It also supplies industrial and commercial open access transportation gas; and offers natural gas services, such as firm supply, scheduling, nomination, balancing, and hedging to manufacturing, steel, glass, heat treating, chemical, refining, and food service industries, as well as hospitals, hotels, and commercial buildings. In addition, the company provides real estate e-searchers with information on homes, vacant lots, and acreages. It serves customers in the United States. Luminant Generation Company LLC was formerly known ...
1601 Bryan Street
Dallas, TX 75201
Key Executives for Luminant Generation Company LLC
Chief People Officer and Vice President
Compensation as of Fiscal Year 2017.
Luminant Generation Company LLC Key Developments
Luminant Announces Plans to Retire its Monticello, Sandow 4, Sandow 5 and Big Brown Generation Units
Oct 13 17
In October 2017, Vistra Energy Corp.’s power generation business, Luminant, announced plans to retire its Monticello, Sandow 4, Sandow 5 and Big Brown generation units. Luminant decided to retire these units given they are projected to be uneconomic based on current market conditions and given the significant environmental costs associated with operating such units. In the case of the Sandow units, the decision also reflected the execution of the Settlement Agreement. As part of the retirement process, Luminant has filed (or will file) notices with the Electric Reliability Council of Texas (ERCOT), which will trigger a reliability review regarding such proposed retirements. If, at the end of the applicable ERCOT reliability review period, ERCOT determines the units are not needed for reliability, Luminant would expect to cease plant operations at Sandow and Monticello in January 2018 and at Big Brown in February 2018, which would result in approximately 4,200 megawatts being taken offline by February 2018. With respect to the Monticello plant, the company expects to record one-time charges of approximately $25 million in the third quarter of 2017 related to the expected retirement, including employee-related severance costs and non-cash charges for materials inventory and the acceleration of certain of Luminant’s asset retirement obligations. With respect to the Sandow 4, Sandow 5 and Big Brown plants, the company expects to record one-time charges of approximately $70 to 90 million in the fourth quarter of 2017 related to the expected retirements, including employee-related severance costs, non-cash charges for writing off materials inventory and a contract intangible asset associated with Big Brown. The company expects to record additional one-time charges in the fourth quarter of 2017 related to changes in the timing and amounts of asset retirement obligations for mining and plant-related reclamation at these facilities.
Luminant Generation seeks To Explore Sale Process For Big Brown Site
Oct 13 17
Luminant Generation Company LLC is seeking to explore a sales process for the Big Brown site during the ERCOT notification period.
Luminant Generation Company LLC Presents at 15th Annual Utility Supply Chain Management Conference, Jan-17-2017 09:30 AM
Jan 15 17
Luminant Generation Company LLC Presents at 15th Annual Utility Supply Chain Management Conference, Jan-17-2017 09:30 AM. Venue: Hotel del Coronado, 1500 Orange Avenue, Coronado, CA 92118, United States. Speakers: Phil Seidler, Chief Procurement Officer, Vice President, Supply Chain.
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