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Released July 17, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, Dynegy Incorporated (NYSE:DYN) (Houston, Texas) announced the planned sale of three power plants in New England and the Midwest. The sale of the plants comes at the order of the U.S. Federal Energy Regulatory Commission (FERC) that Dynegy divests some of its assets after acquiring 17 U.S. power plants from ENGIE SA (Courbevoie, France) earlier this year, because of competition issues in the Southeastern New England (SENE) and PJM grids. Industrial Info is tracking $1.34 billion in active Dynegy projects.
The plants to be sold are:
Industrial Info is tracking three maintenance projects at the Dighton and Milford plants worth a combined $7.2 million. The largest of these is planned for the fourth quarter of next year at the Dighton plant, where a major overhaul of the combustion turbine, heat recovery steam generator and condensing steam turbine is set to occur. For more information, see Industrial Info's project report.
In February, FERC approved with conditions the deal that allowed Dynegy to buy $3.3 billion of ENGIE plants, adding more than 9,000 MW to Dynegy's existing portfolio. The deal came three years after Dynegy bought 19 power plants in the Midwest and Northeast from Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) and Energy Capital Partners (Short Hills, New Jersey). The company's goal is to have 70% of its fleet fired by natural gas in the future, meaning the company could shut down some of its older, coal-fired plants.
Dynegy plans to close the coal combustion residuals ash pond at its Joppa Generating Station in Joppa, Illinois, next year to comply with U.S. Environmental Protection Agency regulations regarding coal combustion residuals. The 27.4-acre pond services six coal-fired boilers. The $70 million project is planned to kick off in the third quarter of next year and be completed in early 2021. For more information, see Industrial Info's project report.
While Dynegy's plans for its coal-fired plants may be winding down, the company continues to invest in its natural gas-fired plants, including natural gas-fired turbine upgrade projects in the company's home state of Texas. At its plant in Midlothian, Texas, the company is under way with an upgrade to six units in order to increase power output. The $258 million project kicked off in 2014 and is expected to be completed early next year. For more information, see Industrial Info's project report.
Further south, in San Marcos, Texas, Dynegy is under way on a turbine upgrade project for four units at its Hays Energy Center. The $172 million project began in early 2015 and is expected to be completed in the fourth quarter of 2019. For more information, see Industrial Info's project report. GE Power (Atlanta, Georgia), a unit of General Electric Company (NYSE:GE) (Fairfield, Virginia), is acting as contractor on both turbine upgrade projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
The plants to be sold are:
- The Lee Energy Facility, a 625-megawatt (MW) natural gas-fired peaking station in Dixon, Illinois. See Industrial Info's plant report.
- The Dighton Power Station in Dighton, Massachusetts, a 170-MW natural gas-fired power plant. See Industrial Info's plant report.
- The Milford Power Station in Milford, Massachusetts, a 140-MW natural gas-fired power plant. See Industrial Info's plant report.
Industrial Info is tracking three maintenance projects at the Dighton and Milford plants worth a combined $7.2 million. The largest of these is planned for the fourth quarter of next year at the Dighton plant, where a major overhaul of the combustion turbine, heat recovery steam generator and condensing steam turbine is set to occur. For more information, see Industrial Info's project report.
In February, FERC approved with conditions the deal that allowed Dynegy to buy $3.3 billion of ENGIE plants, adding more than 9,000 MW to Dynegy's existing portfolio. The deal came three years after Dynegy bought 19 power plants in the Midwest and Northeast from Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) and Energy Capital Partners (Short Hills, New Jersey). The company's goal is to have 70% of its fleet fired by natural gas in the future, meaning the company could shut down some of its older, coal-fired plants.
Dynegy plans to close the coal combustion residuals ash pond at its Joppa Generating Station in Joppa, Illinois, next year to comply with U.S. Environmental Protection Agency regulations regarding coal combustion residuals. The 27.4-acre pond services six coal-fired boilers. The $70 million project is planned to kick off in the third quarter of next year and be completed in early 2021. For more information, see Industrial Info's project report.
While Dynegy's plans for its coal-fired plants may be winding down, the company continues to invest in its natural gas-fired plants, including natural gas-fired turbine upgrade projects in the company's home state of Texas. At its plant in Midlothian, Texas, the company is under way with an upgrade to six units in order to increase power output. The $258 million project kicked off in 2014 and is expected to be completed early next year. For more information, see Industrial Info's project report.
Further south, in San Marcos, Texas, Dynegy is under way on a turbine upgrade project for four units at its Hays Energy Center. The $172 million project began in early 2015 and is expected to be completed in the fourth quarter of 2019. For more information, see Industrial Info's project report. GE Power (Atlanta, Georgia), a unit of General Electric Company (NYSE:GE) (Fairfield, Virginia), is acting as contractor on both turbine upgrade projects.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
