Last coal plant in Massachusetts to close for good
Jun 12, 2017
<h5>The largest coal-fired power plant in New England, the last remaining coal plant in Massachusetts, will close for good as of June 1, owner Dynegy announced Monday.</h5>
<p></p><p>BOSTON BUSINESS JOURNAL — The decision to close the 1,500-megawatt plant was made by former owner Energy Capital Partners in January 2014. </p><p><br/></p><p>The private equity firm had failed to secure an agreement with ISO New England, the operator of the six-state power grid, the <a href="http://www.providencejournal.com/breaking-news/content/20131008-new-owners-to-shutter-outmoded-brayton-point-power-station-in-2017.ece" target="_blank">Providence Journal</a> reported at the time.</p><p><br/></p><p>The closure decision came months after ECP agreed to pay the Virginia-based Dominion $650 million for Brayton Point and two power plants in Illinois.</p><p><br/></p><p>Located in Somerset on Mount Hope Bay, Brayton Point's concrete cooling towers form a distinctive landscape element along the Southeastern Massachusetts shoreline near Fall River. The plant's four generators, when firing at full capacity, can power 1.5 million homes.</p><p><br/></p><p>Dominion owned the 1960s-vintage plant from 2005 to 2013, and invested more than $1 billion in pollution control technology before market and regulatory forces undermined the facility's profitable operation. The plant started operating less and less often.</p><p><br/>
<br/></p><p>Environmental and public health advocates, including the <a href="https://www.clf.org/blog/dark-days-ahead-the-financial-future-of-brayton-point/" target="_blank">Conservation Law Foundation</a>, had long called for the plant's closure, once identified as a leading source of air pollution in New England.</p><p><br/></p><p>Coal-fired plants are shutting down around the country, faced with the high cost of running aging facilities, air pollution disincentives, state policies favoring renewables, and competition from natural gas generators.</p><p><br/></p><p>Coal <a href="https://www.iso-ne.com/about/key-stats/resource-mix" target="_blank">currently</a> generates a little more than 2 percent of the region's power mix, according to ISO New England, which projects major coal, oil, and nuclear power plant retirements in the coming years. </p><p><br/></p><p>Dynegy in February acquired a portfolio of U.S. power generators owned by ENGIE, the French energy firm, in a $3.3 billion deal.</p><p><br/></p><p>The company now runs 50 power plants totaling 31,000 megawatts, enough to power 25 million homes, including four natural gas plants in Massachusetts.<span id="selectionBoundary_1497228915851_7483451306604463">﻿</span></p><p><br/></p><h5>Thank you to our friends at <i>Boston Business Journal</i> for providing the original article below:</h5><p></p>
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