Texas Genco Returns Portion of Gas-Fired Generation to Service From Mothball Status
April 16 2004 - 4:00PM
PR Newswire (US)
Texas Genco Returns Portion of Gas-Fired Generation to Service From
Mothball Status HOUSTON, April 16 /PRNewswire-FirstCall/ -- Texas
Genco Holdings, Inc. , a majority-owned subsidiary of CenterPoint
Energy, Inc. , announced today that it will return to service 403
megawatts of gas-fired generation by May 1, 2004: T.H. Wharton Unit
2 (229 megawatts) and Deepwater Unit 7 (174 megawatts). They had
been in mothball status since October 2003. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030127/DAM020LOGO ) Webster
Unit 3 (374 megawatts) and all four P.H. Robinson units (2,211
megawatts), totaling 2,585 megawatts of gas-fired generation will
remain shut down through April 2005. The company had previously
expected to also return Webster Unit 3 to service in May 2004. The
decision to keep this unit in mothball status is based on a
reassessment of the capacity necessary to serve the company's
commitments. Although the company believes its decision to mothball
these units will not have an effect on the adequacy of power
generation in Texas, it has requested that the Electric Reliability
Council Of Texas (ERCOT) determine which, if any, of these units
are necessary for reliability purposes. Texas Genco Holdings, Inc.,
based in Houston, Texas, is one of the largest wholesale electric
power generating companies in the United States with over 14,000
megawatts of generation capacity, of which nearly 3,000 megawatts
are currently in mothball status. It sells electric generation
capacity, energy and ancillary services in one of the nation's
largest power markets, the Electric Reliability Council of Texas
(ERCOT). Texas Genco has one of the most diversified generation
portfolios in Texas, using natural gas, oil, coal, lignite, and
uranium fuels. The company owns and operates 60 generating units at
11 electric power-generating facilities and owns a 30.8 percent
interest in a nuclear generating plant. Texas Genco currently is a
majority-owned subsidiary of CenterPoint Energy, Inc. For more
information, visit our web site at http://www.txgenco.com/ .
http://www.newscom.com/cgi-bin/prnh/20030127/DAM020LOGO
http://photoarchive.ap.org/ DATASOURCE: Texas Genco Holdings, Inc.
CONTACT: media, Leticia Lowe, +1-713-207-7702, or investors,
Marianne Paulsen, +1-713-207-6500, both of Texas Genco Holdings,
Inc. Web site: http://www.centerpointenergy.com/
http://www.txgenco.com/
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