Dive Summary:
- The Federal Energy Regulatory Commission (FERC) has approved the sale of Dominion’s Brayton Point coal plant in Somerset, Massachusetts to Energy Capital Partners, a Dominion spokesperson confirmed Tuesday.
- After announcing the sale in March, Dominion confronted protests by the Conservation Law Foundation claiming the sale would constrain the ISO New England market and go against the trend of shuttering coal plants. But FERC found that the group’s concerns over the future operations of the coal plant were “beyond the scope of these proceedings.”
- Dominion, which owns more than 40 power plants, said it has spent $1.1 billion on environmental improvements such as dual cooling towers on the 1,530-megawatt (MW) Brayton plant since buying it in 2005.
From the article:
“Dominion plans to decommission two of its 40 power plants in Virginia — both run by coal — by 2015, Genest said.”