FERC Approves Constellation’s $1.1B Acquisition of BostonGen Plants
The Federal Energy Regulatory Commission (FERC) last month approved Constellation Energy’s $1.1 billion acquisition of BostonGen’s five power plants in the Boston area, which have a combined capacity of 2,950 MW. The approval marks closing of the sale of the third-largest generating portfolio in the New England region.
The five plants include four natural gas plants—Mystic 8 and 9 (1,580 MW), Fore River (787 MW), Mystic 7 (574 MW)—and a fuel oil plant, Mystic Jet (9 MW). BostonGen put up the plants for sale as part of bankruptcy proceedings in August last year.