Reuters: Financial Services and Real Estate: Luminant restarts Monticello, Oak Grove coal units

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Luminant restarts Monticello, Oak Grove coal units May 30th 2012, 19:09 Tweet Share this Email Print Related Topics Stocks » Markets » Financials » Utilities » Wed May 30, 2012 3:09pm EDT HOUSTON, May 30 (Reuters) - Luminant, the biggest electric generator in Texas restarted three North Texas coal-fired power plants in time for summer when power demand to run air conditioners traditionally soars, a spokesman said on Wednesday. The units are Monticello 2, a 583-megawatt coal plant in Titus County and two 800-MW coal units at the Oak Grove plant in Robertson County, the spokesman said. All three units restarted in the past few days, he said. Texas set a record for power use in May on Tuesday and the grid operator has warned the state is poised for a hotter-than-normal summer that will strain power resources. Earlier this month, Luminant executives disclosed that Monticello 2 had been shut since mid-December to address a main power transformer failure and that units at Oak Grove plant were shut in March and April to repair turbine bearing packing damage. Luminant is a unit of Energy Futures Holdings Co, which is owned by a group of private equity firms including Kohlberg Kravis Roberts and TPG Capital. Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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