The Abatement RegisterHoodAgreement 0005649
Texas Chapter 380 / 381 agreement · Hood

LUMINANT GENERATION COMPANY LLC

Agreement 0005649, filed with the Texas Comptroller by HOOD COUNTY, TEXAS.

11permanent jobs committed
30–70%of County Ad Valorem Taxes abated
The obligation

What the contract requires.

“by July ist, 2022.”Executed agreement, p. 3
“to employ and retain or cause to be employed and retained a minimum of eleven (11) Full-Time Equivalent Employment Positions”Executed agreement, p. 3

The date in this field is not fully supported by the sentence quoted beside it, usually because the scan is damaged or the contract states a period rather than a date. It is shown as read, flagged, and not relied on.

The remedy

What the contract says happens.

“the financial assistance provided pursuant to Section 5(a) of this Agreement, shall become immediately due and payable by Luminant to the County.”Executed agreement, p. 5

Where a deadline above has passed, no public record exists of whether it was met — not in the Comptroller’s filings, nor in the local government’s own disclosures. That is not evidence of non-compliance. Texas requires nobody to record it.

Abatement schedule · County Ad Valorem Taxes · p. 4

What was abated, and for how long.

70%Year 1
60%Year 2
50%Year 3
40%Year 4
30%Year 5

A local abatement waives only that taxing unit’s share of the property tax bill. School districts, counties, cities and hospital districts each sign separately.

Every field, as the contract states it

The record.

FieldValue & quoted sourcePage
Granting bodyHOOD COUNTY, TEXASbetween HOOD COUNTY, TEXAS, a Texas political subdivision (hereinafter referred to as “County”),1
Contracting entityLUMINANT GENERATION COMPANY LLCand LUMINANT GENERATION COMPANY LLC, a Texas limited liability company (hereinafter referred to as the “Luminant”),1
Parent / guarantorVistra Corp.Vistra Corp. 6555 Sierra Drive Irving, Texas 75039-24797
InstrumentProgram GrantProgram Grant or Program Grant Payment. The words “Program Grant” or “Program Grant Payment” mean the economic development grants paid by the County to Luminant2
Governing chapterChapter 381, Local Government Code<<<PAGE 1>>> HOOD COUNTY CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT This CHAPTER 381 ECONOMIC DEVELOPMENT PROGRAM AND AGREEMENT (hereinafter referred to as the “Agreement”) is made and entered into by and between HOOD COUNTY, TEXAS, a Texas political subdivision (hereinafter referred to as “County”), and LUMINANT GENERATION COMPANY LLC, a Texas limited liability company (hereinafter re—
Capital investmentNot stated in the agreement—
Grant or incentiveNot stated in the agreement—
Jobs committedeleven (11) Full-Time Equivalent Employment Positionsto employ and retain or cause to be employed and retained a minimum of eleven (11) Full-Time Equivalent Employment Positions3
Wage requirementNot stated in the agreement—
Square footageNot stated in the agreement—
Acreage240.2 acrescontaining 101.9 acres, more ar less. containing 138.3 acres, more or less.15
Performance deadlineJuly 1, 2022 date not fully supported by the quoted sentenceby July ist, 2022.3
ExpirationDecember 31, 2027continue thereafter until December 31, 2027, unless terminated sooner under the provisions2
Effective dateMay 11, 2021May 11, 20212
SignatoryNot stated in the agreement—
Chain statusTerminal document — no later agreement in the registry names this one as its predecessor—
Project components · p. 16

The standalone energy storage project with a nameplate capacity of 260 MW / 260 MWh consists of the following components: - 86 Power Conversion System (PCS) - 86 Battery Unit - 1 138kV substation

How to check this page

Every line above is in the contract.

Agreement 0005649 is filed with the Texas Comptroller. Pull the PDF, go to the page number beside any row, and read the sentence. If a figure here does not match the document, tell me and it is corrected the same day.

Where the contract says nothing, the field is left empty rather than filled with a guess.

One of 1,645

Which of these are on your book?

This is a single agreement. I have read 1,645 of the 4,428 Texas has filed, resolved which have been superseded, and recorded what each commits a company to.

Send me an entity and a county and I will tell you what is on it — quoted, page-cited, checked. Free for the first one.

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