Thread regarding General Electric Co. layoffs

Shining new GE 7HA.02 power plants went for bankruptcy protection...

Exelon Gives up 4 of 5 Plants to Lenders in Chapter 11 Filing

https://www.rtoinsider.com/exelon-texas-natural-gas-bankruptcy-79513/

"...four plants are the 738-MW Wolf Hollow combined cycle facility in Granbury; the 510-MW Colorado Bend combined cycle in Wharton..."

Earlier this year:

https://www.gepower.com/about/insights/2017/02/powering-texas-exelon

"Over the past month, Exelon’s Wolf Hollow and Colorado Bend power plants achieved “first fire” of their 7HA.02 gas turbines built by GE. Each plant will house two 7HA turbines. And the sites are now on their way to being two of the most efficient power plants in the United States."

Ouch...

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| 3711 views | | 5 replies (last November 9, 2017) | Reply
Post ID: @OP+QaoMvRs

5 replies (most recent on top)

Those are the original Wolf Hollow and Colorado Bend plants. The new HA.02 CC plants have outputs >1,000MW each at Wolf Hollow II and Colorado Bend II.

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Post ID: @svd+QaoMvRs

Exelon's own press release state that 4 plants will be owned by lenders... whether the lender will keep operating them or liquidate them is an unknown.

http://www.exeloncorp.com/newsroom/statement-on-exelon-generation-texas-power-llc

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Post ID: @xrk+QaoMvRs

8-K filed yesterday:

https://www.sec.gov/Archives/edgar/data/1109357/000162828017011018/exc201711078k.htm

8-K of the said $675M loan:

https://www.sec.gov/Archives/edgar/data/1109357/000119312514348233/d792736d8k.htm

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Post ID: @vyd+QaoMvRs

No!!!! They did not have Wolf Hollow or Colorado Bend in the bankruptcy filling. Let me get more information tomorrow.

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Post ID: @czz+QaoMvRs

See below real time Wholesale electricity prices in Texas market - at 7 PM ( a high load hour) it is $15 - 25 / MWhr; propelled by low Nat gas prices and wind generation.

These levels do not support Capex for new plants .

http://www.ercot.com/content/cdr/html/current_np6788

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Post ID: @ido+QaoMvRs

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