DALLAS, Feb. 1, 2005 (PRNewswire-FirstCall) — TXU Corp., through its subsidiary TXU Power, announced that it intends to offer the capacity from 61 percent of its natural gas-fired Texas generating fleet totaling 6,214 megawatts for contract (through a tolling arrangement) or for sale. TXU Power has issued a Request for Proposals (RFP) and retained Navigant Consulting, Inc. (NCI) as its advisor.
“The Texas competitive wholesale electric market is strong,” said Richard Wistrand, TXU Power senior vice president, “so this is an opportunity to determine the value of these assets and the interest in the market. These are dependable generating units with an excellent history of commercial availability.”
Navigant will accept tolling proposals on the units in Table 1 (see below).
TXU Power announced in December 2004 it would no longer operate, for its own benefit, the nine combustion turbine units (CTs) listed above.
Navigant will also accept tolling or purchase proposals on the units listed in Table 2 (see below).
“This RFP package will help TXU Power ensure it remains competitively priced, highly dependable and flexible to meet the needs of the market,” added Wistrand.
TXU Power studies indicate there is ample generation in the market and it can meet its needs utilizing its remaining natural gas-fired plants, base-load nuclear and coal-fired generation capacity. TXU Power management anticipates completing the RFP process during the second quarter of 2005.
TXU Corp., a Dallas-based energy company, manages a portfolio of competitive and regulated energy businesses in North America, primarily in Texas. In TXU Corp.’s unregulated business, TXU Energy Retail provides electricity and related services to more than 2.5 million competitive electricity customers in Texas, more customers than any other retail electric provider in the state.
About TXU Power [ www.txucorp.com ]
TXU Power has over 18,300 megawatts of generation in Texas, including 2,300 MW of nuclear-fired and 5,837 MW of lignite/coal-fired generation capacity. TXU Corp. is also the largest purchaser of wind- generated electricity in Texas and among the top five purchasers in North America. TXU Corp.’s regulated electric distribution and transmission business, TXU Electric Delivery Company, complements the competitive operations, using asset management skills developed over more than one hundred years, to provide reliable electricity delivery to consumers.
TXU Electric Delivery operates the largest distribution and transmission system in Texas, providing power to 2.9 million electric delivery points over more than 98,000 miles of distribution and 14,000 miles of transmission lines.