Dynegy Reaches Agreement To Sell Brayton Point Site
Dynegy Inc. announced that it has entered into an agreement to sell the 307-acre site of the former Brayton Point Power Station in Somerset, Massachusetts to Commercial Development Company, Inc.
The transaction, which includes Commercial Development Company’s assumption of environmental responsibilities associated with the site, is expected to be completed by the end of 2017. The Brayton Point facility was one of 10 power generation facilities purchased by Dynegy from Energy Capital Partners in April 2015. The decision to retire the 1,488-megawatt, coal-fueled facility, which was commissioned in 1963, was made prior to Dynegy’s purchase of the facility. The plant ceased operations at the end of May 2017.