IRVING, Texas, Oct. 8, 2018 /PRNewswire/ -- Luminant, a
subsidiary of Vistra Energy (NYSE: VST), today released the
following statement:
Amendments to the Illinois
emissions rules suggested by the Illinois Pollution Control Board,
like those proposed by the Illinois Environmental Protection
Agency, reflect a significant cap on emissions. The IPCB emission
caps are more restrictive than those proposed by the IEPA. While
Vistra Energy and Luminant supported
the IEPA proposal, the company believes the IPCB proposal to be
thoughtful and reasonable. Luminant will work constructively
through the remainder of the process and looks forward to fully
implementing the new standards.
The board's revised proposal will substantially reduce allowable
emissions – which is good for the environment – while allowing
Luminant the flexibility to assess and optimize its fleet of power
plants to compete in the market. The proposal will also allow
Luminant to fulfill its sustainability goals of balancing the
generation and sale of reliable, cost-effective power for
residential and business customers with environmental
considerations.
We appreciate both the IPCB's and IEPA's diligence in this
complex matter. They incorporated public, governmental, and
industry feedback, ultimately outlining regulations that are good
for the environment and the people of the Illinois.
Key Points:
- This reduction in emissions will benefit all Illinoisans.
- The IPCB's amendments, while restrictive, are reasonable and
would provide a streamlined regulatory structure to allow Luminant
to run its downstate fleet more efficiently under one, fleet-wide,
mass-based tonnage cap.
- Luminant is committed to environmental stewardship and
innovation resulting in cleaner air, water, and land at all our
sites.
In short, the amended rule appropriately balances the desire to
adopt smarter and more efficient environmental regulations with
providing the operational flexibility needed to safely operate
Luminant's plants in a challenging economic environment.
Media
Meranda Cohn
214-875-8004
Media.Relations@vistraenergy.com
Analysts
Molly Sorg
214-812-0046
Investor@vistraenergy.com
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SOURCE Luminant