Brayton Point power plant may be sold again
By Bruce Burdett
Houston, Texas-based Dynegy Inc. announced last week that it will buy Brayton Point Power Station, the coal-fired power plant at the head of Mount Hope Bay.
This will be the second sale of the plant in less than a year.
In a Friday press release, Dynegy said that the Brayton Point facility is included in a $6.5 billion purchase of coal, oil and gas-fired power plants that it is acquiring in two parts. It is acquiring one group of ten power plants from Energy Capital Partners, current owner of Brayton Point Power Station, and another ten from Duke Energy Corp.
Dynergy spokeswoman Katy Sullivan said that the firm intends to follow through on Energy Capital Partners' plan to shut down and decommission Brayton Point Power Station by May 31, 2017.
"We will fulfill that commitment," she said, but it is not yet known what will become of the plant and property.
"We don't even own it yet," so it would be premature to decide on a future use, Ms. Sullivan said.
There is a long history of power generation at that site, she added, so power generation of some sort could be among the options that Dynegy will consider.
She also said that it is way too soon to comment on the fate of the twin cooling towers.
Brayton Point Power Station is New England's largest fossil-fuel power plant and has also been condemned by environmental groups as the region's biggest air polluter.
Energy Capital Partners bought Brayton Point last September from Dominion Energy for a reported $470 million. A few weeks later it announced plans to close and decommission the power plant.
The just-announced acquisitions must still be approved by the Federal Energy Regulatory Commission. If that approval is granted, Dynergy said it hopes to close the deals by the end of the first quarter of 2015.