Rusk County Appraisal Board reaches deal with Luminant over power plant value

Friday, February 3, 2012 - 9:36pm

The Rusk County Appraisal Board has accepted a proposal from Luminant officials on the value of its Martin Lake Power Plant, but the matter won’t be finalized until a judge and the energy company sign off on it, Chief Appraiser Terry Decker said Thursday.

The $970 million value that Luminant suggested, and board members agreed to, is less than the $1.056 billion the board assigned to the plant near Tatum this past summer.

Read more at the Longview-News-Journal...

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