Henderson, Texas (KETK) — It all began back in 2010 when Luminant Energy approached Henderson residents Edwin Davdison and his father Robert with a proposal to purchase their 85 acre piece of property on which to create a mine.
This mine would be used to fuel their 2,250 megawatt Martin Lake Power Plant.
Rusk County appraisals are currently about $1900 per acre and Luminant made what they believed was a generous offer based on those numbers. Luminant won’t give specifics but we estimate that figure is close to $500,000.
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Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.