EXELON to purchase Everett LNG terminal
March 29, 2018
Exelon Generation announced an agreement to purchase ENGIE North America’s LNG import terminal to ensure the continued reliable supply of fuel to Mystic generating station Units 8 and 9 while they remain operating. Exelon also looks forward to continuing ENGIE’s mission of providing safe, reliable LNG to gas utilities, marketers, and other market participants throughout New England.
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.
The Everett Marine Terminal is the longest-operating LNG import facility of its kind in the United States. The facility has connections with two interstate pipeline systems, as well as a local gas utility’s distribution system.
Edited from Exelon Generation press release.