Exelon Generation today announced it has filed with the ISO New England Inc. (ISO-NE) to retire Mystic Generating Station’s Units 7, 8, 9, and the Jet unit on June 1, 2022.
"Absent any regulatory reforms to properly value reliability and regional fuel security, these units will not participate in the Forward Capacity Auction scheduled for February 2019," Exelon said
Mystic Generating Station is a 2,000-megawatt natural gas- and oil-fueled power plant. Mystic Units 7, 8 and 9 are the operating units at the plant; Units 1-6 are decommissioned.
In a related move, Exelon Generation also announced an agreement to purchase ENGIE North America’s Everett Marine LNG import terminal to ensure the continued reliable supply of fuel to Mystic Units 8 and 9 while they remain operating. Transaction closure is dependent upon regulatory review by the U.S. Department of Energy for LNG import authorization and, as necessary, authorization from the U.S. Department of Justice. The transaction is expected to close in the fourth quarter of 2018.