With the news of a potential bankruptcy filing by Energy Future Holdings, the parent company of Luminant, local and company officials have said that neither the Luminant Academy nor the coming Energy Center will be affected.
“The reality is somebody’s got to produce that energy …” Tom Mullins, president/CEO of the Tyler Economic Development Council, said. “That need isn’t going to go away. Someone else may be owning or managing it, but the training requirements and the need for the power to be produced is constant and growing.”
Allan Koenig with Energy Future Holdings said any potential financial restructure would have no impact on the company’s day-to-day operations, which includes Luminant Academy.
He said workforce reductions are not contemplated and any decisions made about workforce planning or real estate would be independent of a restructuring.
Caroline Atkins, a Luminant spokeswoman, said in an emailed statement the decision to build the Energy Center belongs to Tyler Junior College.
Luminant may use some of the space, but so will other entities, she said.
TJC President Dr. Mike Metke said college officials were aware of the company’s financial situation and this was expected.
“We were told that it goes back to a huge debt load from the acquisition of the company and that some future restructuring of that debt would be necessary,” he said, according to an emailed statement. “We have been told all along that the lights in Texas will stay on and that power will still be needed. Training for operators will also still be needed so we do not anticipate any impact on our partnerships or training, but we are monitoring the news.”