Texas Genco Holdings, Inc.
The rupture occurred at Unit 8, a 610 MW coal-fired electric generating unit, and one of four at W.A. Parish, which is located in Fort Bend County, Texas and approximately 50 miles southwest of downtown Houston. Units 5, 6 and 7 were undamaged and were all in service as of noon, Wednesday.
It is too early in the company's investigation to estimate when repairs are likely to be completed, the cost of the repairs or the cost of what is expected to be more expensive replacement power. Texas Genco has adequate generating capacity to offset the loss of Unit 8 and meet its obligations to its customers.
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. 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, 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.
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SOURCE: Texas Genco Holdings, Inc.
CONTACT: media, Floyd LeBlanc, +1-713-207-7125, or investors, Marianne
Paulsen, +1-713-207-6500, both of Texas Genco Holdings, Inc.
Web site: http://www.txgenco.com/
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