By Editors of Power Engineering
Luminant, a subsidiary of Vistra Energy, announced plans to retire the coal-fired Monticello Power Plant in Titus County, Texas, by January 2018.
Curt Morgan, Vistra Energy’s President and CEO, said a year-long analysis concluded operating the 1,800-MW plant is no longer economical.
“For more than 40 years, Monticello employees have generated reliable power for Texans, and we honor and recognize their service,” he said. “But the market’s unprecedented low power price environment has profoundly impacted its operating revenues and no longer supports continued investment.”
Luminant filed a notice for closure with ERCOT, which triggered a reviability review.
The company will also continue reclamation work at the plant’s coal mines, which ceased operations in 2016.
Luminant had previously closed the plant’s three units in late 2013 due to low wholesale power prices, but returned to service the next year.