EVERETT, MA (Oct. 1, 2018) — Exelon Generation today announced it has completed its acquisition of the Everett LNG Facility in Everett, Mass., assuming both facility ownership and management of operations.
“With this acquisition, we are ensuring that Mystic Generating Station’s Units 8 and 9 will continue receiving a dependable liquified natural gas supply to help meet New England’s energy reliability and fuel security needs, for as long as the units remain operating,” said Exelon Power President John Barnes.
While Exelon Generation is managing the operation of the LNG facility, Exelon’s Constellation subsidiary will be responsible for purchasing and selling safe, reliable LNG to gas utilities, marketers, and other market participants throughout New England.
In March 2018, Exelon Generation announced an agreement to purchase the facility from ENGIE to ensure the continued reliable supply of fuel to Mystic Units 8 and 9 while they remain operating. The transaction was reviewed by the U.S. Department of Energy, as required. At that time, Exelon Generation also announced that it had filed with ISO New England to retire Mystic Generating Station in June 2022, absent regulatory reforms to properly value reliability and regional fuel security. Those regulatory reforms are pending.
The Everett LNG Facility is the longest-operating LNG import facility of its kind in the United States and employs approximately 60 people. The facility connects to two interstate pipeline systems, as well as a local gas utility’s distribution system and the Mystic Generating Station.
Exelon Generation, a subsidiary of Exelon Corporation (NYSE: EXC), is one of the largest, most efficient clean energy producers in the U.S., with a generating capacity of more than 32,000 megawatts. Exelon Generation operates the largest U.S. fleet of carbon-free nuclear plants with 19,600 megawatts of capacity from 22 reactors at 13 facilities in Illinois, Maryland, New York and Pennsylvania. Exelon Generation also operates a diverse mix of wind, solar, landfill gas, hydroelectric, natural gas and oil facilities in 19 states with more than 12,400 megawatts. Exelon Generation has an industry-leading safety record and is an active partner and economic engine in the communities it serves by providing jobs, charitable contributions and tax payments that help towns and regions grow. Follow Exelon Generation on Twitter @ExelonGen, view the Exelon Generation YouTube channel, and visit http://www.exeloncorp.com/companies/exelon-generation.