Platts by Jim Malewitz The fate of the state’s largest utility looks clear as mud. Nearly one month after Texas regulators approved — with major stipulations — Ray L. Hunt’s plan to buy Oncor and reshape it into a real…
Month: April 2016
ERCOT gas-fired capacity sells for half the cost of new build
Platts Luminant on Monday closed on the $1.3 billion acquisition of 2,988 MW of natural gas-fired capacity in the Electric Reliability Council of Texas footprint, a move that diversifies the company’s generation portfolio. In the deal, Luminant, a subsidiary of…