Lake Creek 3

Lake Creek Unit 3 was planned to be built alongside two existing units in Riesel, Texas.

As part of a $45 billion buyout by a group of private equity firms, TXU – now named Luminant – settled a series of lawsuits with Environmental Defense and the Natural Resources Defense Council. In an agreement announced on Feb. 26, 2007, TXU 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.

Lake Creek 3 was one of the eight Texas plants that were cancelled under this agreement.

Project Details

Sponsor: Luminant (formerly TXU)
Location: Riesel, McLennan County, TX
Capacity: 858 MW
Status: Cancelled (2/07)

Financing

• Citigroup
• Credit Suisse
• Goldman Sachs
• JP Morgan Chase
• Merrill Lynch
• Morgan Stanley

Citizen Groups

• Stop the Coal Plant
• Sustainable Energy & Economic Development Coalition, Karen Hadden, karen [at] seedcoalition.org
• Texas Public Citizen, jcarraway [at] citizen.org
• Environmental Defense
• Natural Resources Defense Council

Resources

Related GEM.wiki articles

• Coal plant litigation
• Texas and coal
• United States and coal
• Carbon Capture and Storage
• Existing U.S. Coal Plants
• US proposed coal plants (both active and cancelled)
• Coal plants cancelled in 2007
• Coal plants cancelled in 2008
• State-by-state guide to information on coal in the United States (or click on the map)

External links

• "Tracking New Coal-Fired Power Plants ", National Energy Technology Lab, May 2007, page 18. (PDF)
• "Stopping the Coal Rush", Sierra Club, accessed January 2008. (This is a Sierra Club list of new coal plant proposals.)
• Luminant website