Exelon Generation to Acquire Everett LNG Import Terminal
Posted on Apr 4, 2018 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on Exelon Generation to Acquire Everett LNG Import Terminal
Exelon Generation announced an agreement to purchase ENGIE North America’s Everett Marine Terminal, also known as the Distrigas Terminal, an LNG import terminal located in Boston, Mass. According to the press release, the purchase is meant to ensure the continued reliable supply of fuel to Exelon Generations’ 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.