Feb. 19, 2008 - Energy firm Luminant has pledged to spend $1 billion on voluntary emissions reductions at its coal-fueled power plants. The plan includes new emissions control technologies to offset 100% of "key emissions" from new coal-fueled power plants and further reduce emissions from existing coal-fueled plants 20% below 2005 levels.

Luminant is a subsidiary of Energy Future Holdings Corp., formerly named TXU Corp., whose record $45 billion buyout deal last year included a goal to lower the utility's carbon dioxide emissions to 1990 levels by 2020.

The plan constitutes the largest voluntary emissions reduction in the U.S., according to Luminant chief operating officer Mike McCall.