TXU Luminant

10 worst power plants<a href="http://grist.files.wordpress.com/2013/09/worst-10-power-plants.png">http://grist.files.wordpress.com/2013/09/worst-10-power-plants.png</a>luminant, duke, salt river, NRG 1stenergywww.globalpossibilities.org/lets-fight-the-1-percent-of-power-plants/<a href="http://www.sourcewatch.org/index.php?title=Luminant" title="Luminant">Luminant</a>, formerly TXU Corp., is a Dallas-based energy company involved in electricity generation, distribution, and sales in Texas. In February 2007, TXU announced its acquisition by an investor group led by private equity firms KKR and <a href="http://www.sourcewatch.org/index.php?title=Texas_Pacific_Group&action=edit&redlink=1" class="new" title="Texas Pacific Group (page does not exist)">Texas Pacific Group</a> (registered under TPG Capital LP).<a href="http://www.sourcewatch.org/index.php?title=Energy_Future_Holdings#cite_note-11" title="">[12]</a> In July 2007, TXU announced that its power generation and related businesses would now be assigned to the Luminant name. Both TXU and Luminant would be owned by EFH.<a href="http://www.sourcewatch.org/index.php?title=Energy_Future_Holdings#cite_note-12" title="">[13]</a>

As part of the estimated US$45 million buyout, Luminant settled a series of lawsuits with <a href="http://www.sourcewatch.org/index.php?title=Environmental_Defense" title="Environmental Defense" class="mw-redirect">Environmental Defense</a> and the <a href="http://www.sourcewatch.org/index.php?title=Natural_Resources_Defense_Council" title="Natural Resources Defense Council">Natural Resources Defense Council</a> and agreed to cancel 8 of its planned 11 new Texas coal-fired power plants as well as several new coal-fired plants in Pennsylvania and Virginia, back federal legislation to create a cap-and-trade system regulating CO2 emissions, and double spending on energy efficiency. In return, Environmental Defense and NRDC agreed not to campaign against TXU’s remaining three Texas coal-fired plants.<a href="http://www.sourcewatch.org/index.php?title=Energy_Future_Holdings#cite_note-13" title="">[14]</a> In March 2007, TXU announced its official withdrawal of the air permit applications for the eight cancelled plants.<a href="http://www.sourcewatch.org/index.php?title=Energy_Future_Holdings#cite_note-14" title="">[15]</a>

In 2006, Texas Gov. <a href="http://www.sourcewatch.org/index.php?title=Rick_Perry" title="Rick Perry">Rick Perry</a> had fast-tracked the permitting process for 11 new col plants for <a href="http://www.sourcewatch.org/index.php?title=TXU" title="TXU" class="mw-redirect">TXU</a>, the state's largest utility, shrinking a process that usually takes one to four years down to six months. Between January 2001 and July 2011, TXU (and then Energy Future Holdings), gave Perry $633,575—more than any other politician. Former TXU chairman Erle Nye, whom Perry appointed to Texas A&M's Board of Regents in 2003, gave the governor $2,000 on the day he signed the coal-plant executive order, and another $25,000 six months later. TXU's PAC also gave Perry $5,000 shortly after he signed the order.<a href="http://www.sourcewatch.org/index.php?title=Energy_Future_Holdings#cite_note-15" title="">[16]</a>