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

Related SourceWatch 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)