Texas Coal Plant Scales Back Operations

Luminant, a major Texas power-generation company, plans to shut two of three units at one of its 1970s-era coal plants during the winter and spring, the company told the Texas grid operator this week. That removes about 1,200 megawatts, or more than 1 percent of capacity, from the already strained Texas power grid.

“The sole reason is persistently low power prices,” said Allan Koenig, a spokesman for Luminant. The two units, from the Monticello coal plant in Titus County in East Texas, have been operating well below capacity, he said, producing only about a quarter of the power they ...

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