IRVING, Texas, Aug. 24, 2018 /PRNewswire/ -- Luminant, a subsidiary of Vistra Energy (NYSE: VST), today announced that it filed a notice of suspension of operations with PJM and other mandatory regulatory notifications related to the retirement of its 51-megawatt waste coal facility, Northeastern Power Company, in McAdoo, Pennsylvania, due to its uneconomic operations and negative financial outlook. Following the receipt of regulatory approvals, the plant is expected to close in late 2018.
Luminant estimates fewer than 25 full-time positions will be affected by this decision. Eligible employees will be offered severance benefits and outplacement assistance. The company will take the necessary and required steps to decommission the facility, including working with the key constituents.
Northeastern Power Company Information
Location: McAdoo (Schuylkill County), Pennsylvania
Fuel Type: Waste anthracite coal
Generating Capacity: 51 megawatts
Electricity Market: PJM
Commercial Operation Date: 1989
About Vistra Energy
Vistra Energy (NYSE: VST) is a premier, integrated power company based in Irving, Texas, combining an innovative, customer-centric approach to retail with a focus on safe, reliable, and efficient power generation. Through its retail and generation businesses which include TXU Energy, Homefield Energy, Dynegy, and Luminant, Vistra operates in 12 states and six of the seven competitive markets in the U.S., with about 6,000 employees. Vistra's retail brands serve approximately 2.9 million residential, commercial, and industrial customers across five top retail states, and its generation fleet totals approximately 41,000 megawatts of highly efficient generation capacity, with a diverse portfolio of natural gas, nuclear, coal, and solar facilities.
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SOURCE Vistra Energy