Luminant announces closure of Monticello plant

FROM STAFF REPORTS Luminant, a subsidiary of Vistra Energy, on Friday announced plans to retire its Monticello Power Plant in Titus County. In total, approximately 1,800 megawatts of power will be taken offline in January 2018.

Vistra Energy president and chief executive officer Curt Morgan said, “For more than 40 years, Monticello employees have generated reliable power for Texans, and we honor and recognize their service. But the market’s unprecedented low power price environment has profoundly impacted its operating revenues and no longer supports continued investment.”

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