PR Newswire
IRVING, Texas, Oct. 8, 2018
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
