On Friday morning, Luminant Chief Executive Officer Mac McFarland addressed a joint workshop called by the Public Utility Commission of Texas and attended by the Railroad Commission of Texas and the Texas Commission on Environmental Quality.
The purpose of the meeting in Austin was for commissioners from the three agencies overseeing the Texas energy market to gather information on the impact that the Environmental Protection Agency’s proposed rule will have on the state’s electric generation and transmission, regulations, energy efficiency and what the costs would be. Commissioners had a particular interest in what the implications are for coal generation since 37 percent of the energy consumed in Texas comes from coal. Commissioners heard invited testimony from representatives of power generators, regulatory agencies, consumer and environmental groups.
In making Luminant’s first detailed comments since the proposed rule was released June 2, McFarland explained how the rule would adversely affect coal generation and the state’s energy market, increase power prices on consumers and harm the state’s growing economy.
You can read his_statement and view the presentation, as well as read a related letter from Gov. Rick Perry expressing support for the cooperation among the state agencies to “ensure a strategic and well-informed response from Texas.”