Mystic Generating Station: Difference between revisions
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In the mid 1990s, the state of Massachusetts began to deregulate the electrical market.<ref name=Commonwealthmag>{{cite web|last1=Bride|first1=James|title=Sorting out the cost of green energy|url=http://commonwealthmagazine.org/uncategorized/006-sorting-out-the-cost-of-green-energy/|website=Commonwealthmagazine.org|accessdate=29 April 2015}}</ref> This led to the sale of the Mystic Generating Station to [[Sithe Energies]] who started a large capital investment in the construction of Mystic 8 and 9 which was completed in 2003.<ref name=prwire>{{cite web|title=New Exelon Power Plant Providing Clean Energy to Boston Area|url=http://www.prnewswire.com/news-releases/new-exelon-power-plant-providing-clean-energy-to-boston-area-71274792.html|website=prnewswire|accessdate=29 April 2015}}</ref> Sithe was acquired by [[Exelon]] in late 2003<ref name=tariffexperts>{{cite web|title=Power Plant of the Week - Mystic Generating Station|url=http://energytariffexperts.com/blog/2013/4/28/power-plant-of-the-week-mystic-generating-station|website=Energytariffexperts.com|accessdate=29 April 2015}}</ref> who ran into financial difficulties which resulted in [[BNP Paribas]] taking control of the station. BNP Paribas sold the station soon after its acquisition to [[Boston Generating]]. Boston Generating ended up declaring [[chapter 11 bankruptcy]] in 2010 and was sold to [[Constellation (An Exelon Company)|Constellation Energy]].<ref name=sale>{{cite web|last1=Jeffrey|first1=Donald|last2=McLaughlin|first2=David|title=Boston Generating Sale to Constellation Moves Ahead|url=https://www.bloomberg.com/news/articles/2010-10-09/boston-generating-sale-to-constellation-advances-after-bankruptcy-ruling|website=Bloomberg.com|accessdate=29 April 2015}}</ref> Constellation Energy and Exelon merged in March 2012, returning ownership to Exelon.<ref name=tariffexperts /><ref>{{cite web|last1=Cho|first1=Hanah|title=Maryland PSC approves Constellation sale to Exelon|url=http://www.baltimoresun.com/business/bs-bz-ceg-merger-decision-20120217-story.html#page=1|website=Baltimoresun.com|accessdate=29 April 2015}}</ref><ref>{{cite web|title=Stock Watch: Exelon Corporation (NYSE:EXC)|url=http://www.themarketsdaily.com/stock-watch-exelon-corporation-nyseexc-2/13112/|website=themarketsdaily.com|accessdate=29 April 2015}}</ref> Constellation owns and operates the station following spin-off from Exelon in 2022.<ref>[https://www.bostonglobe.com/2022/02/02/business/everett-power-plant-changes-name-owner-again/ Everett power plant changes name, owner, again]</ref> |
In the mid 1990s, the state of Massachusetts began to deregulate the electrical market.<ref name=Commonwealthmag>{{cite web|last1=Bride|first1=James|title=Sorting out the cost of green energy|url=http://commonwealthmagazine.org/uncategorized/006-sorting-out-the-cost-of-green-energy/|website=Commonwealthmagazine.org|accessdate=29 April 2015}}</ref> This led to the sale of the Mystic Generating Station to [[Sithe Energies]] who started a large capital investment in the construction of Mystic 8 and 9 which was completed in 2003.<ref name=prwire>{{cite web|title=New Exelon Power Plant Providing Clean Energy to Boston Area|url=http://www.prnewswire.com/news-releases/new-exelon-power-plant-providing-clean-energy-to-boston-area-71274792.html|website=prnewswire|accessdate=29 April 2015}}</ref> Sithe was acquired by [[Exelon]] in late 2003<ref name=tariffexperts>{{cite web|title=Power Plant of the Week - Mystic Generating Station|url=http://energytariffexperts.com/blog/2013/4/28/power-plant-of-the-week-mystic-generating-station|website=Energytariffexperts.com|accessdate=29 April 2015}}</ref> who ran into financial difficulties which resulted in [[BNP Paribas]] taking control of the station. BNP Paribas sold the station soon after its acquisition to [[Boston Generating]]. Boston Generating ended up declaring [[chapter 11 bankruptcy]] in 2010 and was sold to [[Constellation (An Exelon Company)|Constellation Energy]].<ref name=sale>{{cite web|last1=Jeffrey|first1=Donald|last2=McLaughlin|first2=David|title=Boston Generating Sale to Constellation Moves Ahead|url=https://www.bloomberg.com/news/articles/2010-10-09/boston-generating-sale-to-constellation-advances-after-bankruptcy-ruling|website=Bloomberg.com|accessdate=29 April 2015}}</ref> Constellation Energy and Exelon merged in March 2012, returning ownership to Exelon.<ref name=tariffexperts /><ref>{{cite web|last1=Cho|first1=Hanah|title=Maryland PSC approves Constellation sale to Exelon|url=http://www.baltimoresun.com/business/bs-bz-ceg-merger-decision-20120217-story.html#page=1|website=Baltimoresun.com|accessdate=29 April 2015}}</ref><ref>{{cite web|title=Stock Watch: Exelon Corporation (NYSE:EXC)|url=http://www.themarketsdaily.com/stock-watch-exelon-corporation-nyseexc-2/13112/|website=themarketsdaily.com|accessdate=29 April 2015}}</ref> Constellation owns and operates the station following spin-off from Exelon in 2022.<ref>[https://www.bostonglobe.com/2022/02/02/business/everett-power-plant-changes-name-owner-again/ Everett power plant changes name, owner, again]</ref> |
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The [[Toxics Action Center]] has targeted the Mystic Generating Station as one of the five largest polluting power stations in the state.<ref>{{cite web|last1=Ailworth|first1=Erin|title=The end of the coal era in Massachusetts|url=https://www.bostonglobe.com/business/2014/06/17/the-end-coal-era-massachusetts/QMqSUxb9wPe8WNL1Ys0goM/story.html|website=Bostonglobe.com|publisher=The Boston Globe|accessdate=29 April 2015}}</ref> Other groups have also become concerned that the plant relies too heavily on [[Distrigas]] [[Liquefied natural gas|Liquefied Natural Gas]] from [[Yemen]] which has been experiencing political unrest.<ref>{{cite web|last1=Ailworth|first1=Erin|title=Unrest in Yemen may result in local LNG shortage|url=https://www.bostonglobe.com/business/2012/05/04/electric-power-plants-threatened-attacks-gas-pipelines-yemen/48P2O2KqNm9sEa2P6dr6lM/story.html|website=bostonglobe.com|publisher=The Boston Globe|accessdate=29 April 2015}}</ref> |
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Changes in the wholesale energy markets left Mystic uneconomical to operate under most conditions, leading Exelon to apply to close Mystic from 2022. [[ISO New England]] ordered units 8 and 9 to remain operational until the transmission system could be upgraded under a [[Federal Energy Regulatory Commission|FERC]] Order 1000 competitive solicitation. Once an upgrade project was selected ISO-NE announced that Mystic Station would be allowed to fully retire on June 1, 2024.<ref>{{cite web|url=http://isonewswire.com/updates/2020/7/28/iso-ne-posts-update-on-mystic-generating-station.html|author=[[ISO New England]]|date=July 28, 2020|accessdate=2020-09-21|title=ISO-NE Posts Update on Mystic Generating Station}}</ref> Mystic Generating Station's peaking capabilities will be replaced by transmission grid enhancements built on existing National Grid and Eversource properties, a solution known as "Ready Path".<ref>[https://www.greaterbostonreadypath.com/about-the-ready-path/ About the Ready Path]</ref> |
Changes in the wholesale energy markets left Mystic uneconomical to operate under most conditions, leading Exelon to apply to close Mystic from 2022. [[ISO New England]] ordered units 8 and 9 to remain operational until the transmission system could be upgraded under a [[Federal Energy Regulatory Commission|FERC]] Order 1000 competitive solicitation. Once an upgrade project was selected ISO-NE announced that Mystic Station would be allowed to fully retire on June 1, 2024.<ref>{{cite web|url=http://isonewswire.com/updates/2020/7/28/iso-ne-posts-update-on-mystic-generating-station.html|author=[[ISO New England]]|date=July 28, 2020|accessdate=2020-09-21|title=ISO-NE Posts Update on Mystic Generating Station}}</ref> Mystic Generating Station's peaking capabilities will be replaced by transmission grid enhancements built on existing National Grid and Eversource properties, a solution known as "Ready Path".<ref>[https://www.greaterbostonreadypath.com/about-the-ready-path/ About the Ready Path]</ref> |
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Revision as of 01:23, 18 March 2023
| Mystic Generating Station | |
|---|---|
 Mystic Generating Station from across the Mystic River | |
 | |
| Country | United States |
| Location | Everett, Massachusetts |
| Coordinates | 42°23′29″N 71°04′01″W / 42.39139°N 71.06694°W |
| Status | Operational |
| Owner | Constellation Energy |
| Operator | Constellation Energy |
| Power generation | |
| Nameplate capacity | 1,998 MW[1] |
| External links | |
| Website | Official Website |
| Commons | Related media on Commons |
The Mystic Generating Station is a power station in the state of Massachusetts (on the border between Everett and Boston) which has the highest nameplate capacity of any station in the state.[2] It is capable of burning both natural gas and petroleum, but mostly burns natural gas.[1]
The plant currently consists of eight separate generating units; Mystic 8 and 9 are combined cycle natural gas units with a total of four combustion turbines and two steam turbines which can produce 1414 MW total, Mystic 7 is a natural gas or petroleum unit which produces 576 MW, and Mystic Jet is small petroleum fueled unit which produces 8.6 MW in periods of high demand.[1] Mystic Station is scheduled to retire in mid-2024.
History
In the mid 1990s, the state of Massachusetts began to deregulate the electrical market.[3] This led to the sale of the Mystic Generating Station to Sithe Energies who started a large capital investment in the construction of Mystic 8 and 9 which was completed in 2003.[4] Sithe was acquired by Exelon in late 2003[5] who ran into financial difficulties which resulted in BNP Paribas taking control of the station. BNP Paribas sold the station soon after its acquisition to Boston Generating. Boston Generating ended up declaring chapter 11 bankruptcy in 2010 and was sold to Constellation Energy.[6] Constellation Energy and Exelon merged in March 2012, returning ownership to Exelon.[5][7][8] Constellation owns and operates the station following spin-off from Exelon in 2022.[9]
The Toxics Action Center has targeted the Mystic Generating Station as one of the five largest polluting power stations in the state.[10] Other groups have also become concerned that the plant relies too heavily on Distrigas Liquefied Natural Gas from Yemen which has been experiencing political unrest.[11]
Changes in the wholesale energy markets left Mystic uneconomical to operate under most conditions, leading Exelon to apply to close Mystic from 2022. ISO New England ordered units 8 and 9 to remain operational until the transmission system could be upgraded under a FERC Order 1000 competitive solicitation. Once an upgrade project was selected ISO-NE announced that Mystic Station would be allowed to fully retire on June 1, 2024.[12] Mystic Generating Station's peaking capabilities will be replaced by transmission grid enhancements built on existing National Grid and Eversource properties, a solution known as "Ready Path".[13]
In March 2023, Wynn Resorts acquired 45 acres of the site for $25,000,000.[14]
See also
References
- ^ a b c "Mystic Generating Station". Exeloncorp.com. Exelon. Retrieved 29 March 2018.
- ^ SIEMINSKI, ADAM. "STATEMENT OF ADAM SIEMINSKI ADMINISTRATOR ENERGY INFORMATION ADMINISTRATION U.S. DEPARTMENT OF ENERGY Before the SUBCOMMITTEE ON ENERGY AND POWER COMMITTEE ON ENERGY AND COMMERCE U. S. HOUSE OF REPRESENTATIVES" (PDF). energy.gov. Committee on Energy and Commerce. Retrieved 29 April 2015.
- ^ Bride, James. "Sorting out the cost of green energy". Commonwealthmagazine.org. Retrieved 29 April 2015.
- ^ "New Exelon Power Plant Providing Clean Energy to Boston Area". prnewswire. Retrieved 29 April 2015.
- ^ a b "Power Plant of the Week - Mystic Generating Station". Energytariffexperts.com. Retrieved 29 April 2015.
- ^ Jeffrey, Donald; McLaughlin, David. "Boston Generating Sale to Constellation Moves Ahead". Bloomberg.com. Retrieved 29 April 2015.
- ^ Cho, Hanah. "Maryland PSC approves Constellation sale to Exelon". Baltimoresun.com. Retrieved 29 April 2015.
- ^ "Stock Watch: Exelon Corporation (NYSE:EXC)". themarketsdaily.com. Retrieved 29 April 2015.
- ^ Everett power plant changes name, owner, again
- ^ Ailworth, Erin. "The end of the coal era in Massachusetts". Bostonglobe.com. The Boston Globe. Retrieved 29 April 2015.
- ^ Ailworth, Erin. "Unrest in Yemen may result in local LNG shortage". bostonglobe.com. The Boston Globe. Retrieved 29 April 2015.
- ^ ISO New England (July 28, 2020). "ISO-NE Posts Update on Mystic Generating Station". Retrieved 2020-09-21.
- ^ About the Ready Path
- ^ Chesto, Jon (March 15, 2023). "Wynn Resorts buys Everett power plant site. Is a Revs stadium on the Mystic next?". BostonGlobe.com. Retrieved 2023-03-16.