GenTex Power Corporation, a wholly owned LCRA affiliated corporation, oversaw the planning and construction of Lost Pines 1 Power Project, a combined-cycle power plant in Bastrop County. The plant can generate about 510 megawatts of electricity.
In 1999, GenTex announced the construction of the natural gas-fired plant with Calpine Corporation, a California-based independent power producer. Lost Pines 1 began producing power in May 2001. Until January 2004, Calpine shared ownership of the plant with GenTex.
GenTex Power Corporation owns 50% of the plant, from which energy is sold to wholesale customers. That share is referred to as GenTex 1. LCRA owns the other 50% of the plant (the original Calpine share) of Lost Pines 1.
The nine-member GenTex Board continues to approve the plant's annual operation and maintenance budget and monitor activities at Lost Pines 1.
The GenTex Board of Directors includes four representatives of LCRA's wholesale electric customers and five representatives from LCRA's Board of Directors.
Customer representatives are GenTex Board Vice Chair Robert Lindsey III (Goldthwaite city manager), Matt Bentke (general manager and chief executive officer, Bluebonnet Electric Cooperative), Julie C. Parsley (chief executive officer, Pedernales Electric Cooperative) and Michael Wolfe Sr. (mayor, City of Hempstead).
LCRA General Manager Phil Wilson serves as president and chief executive officer of GenTex.
LCRA Board representatives are LCRA and GenTex Board Chair Timothy Timmerman and members Stephen F. Cooper, Joseph M. "Joe" Crane and Robert "Bobby" Lewis. One LCRA Board representative position on the GenTex Board currently is open.