Natural Gas Company to Acquire Salem Station
Pending regulatory approvals, Footprint Power will acquire Salem Harbor Power Station, remediate the site and build a natural gas plant.
A New Jersey company has signed an agreement with Dominion to take control of the Salem Harbor Power Station, remediate the site and build a natural gas plant. The announcement from Footprint Power LLC came Friday, according to a press release. The coal-fired Salem Harbor Power Station owned by Virginia based Dominion is currently slated to close by June 1, 2014. Two units were reportedly retired in December 2011. Footprint's new "state-of-the-art natural-gas-fired power plant" will be built on one third of the 63-acre site and could start as a power supplier by 2016, according to the press release. The City has been working on its vision for the rest of the site, and has presented study plans in public meetings. The Salem Harbor Power …
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9:49 pm on Friday, June 29, 2012
Getting a new power site accepted is a lot harder than getting an old one retrofitted into a less obnoxious site. No one really needs the power from this site now very badly, but they might down the road,(!) and this makes it worth something, though its probably worth a lot more as a tourist attraction marina, etc. to someone with any vision. more ›