Valley 4
{{#badges: CoalSwarm}} Valley 4 was planned to be built alongside three existing units in Savoy, Texas.[1]
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.[2]
Valley 4 was one of the 8 Texas plants that were cancelled under this agreement.
Contents
Project Details
Sponsor: Luminant (formerly TXU)
Location: Savoy, TX
Capacity: 858 MW
Status: Cancelled (2/07)
Financing
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
References
- ↑ Emissions from Recently Permitted and Proposed Coal Burning Power Plants, Stop the Coal Plant website, August 7, 2007.
- ↑ A Buyout Deal That Has Many Shades of Green, New York Times, February 26, 2007.
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)
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External links
- "Tracking New Coal-Fired Power Plants ", National Energy Technology Lab, May 2007, page 19. (PDF)
- "Stopping the Coal Rush", Sierra Club, accessed January 2008. (This is a Sierra Club list of new coal plant proposals.)
- Luminant website
