NB Power purchases Bayside Generating Station
NB Power says it has bought the Bayside Generating Station at Saint John from Emera Energy Inc.
In a press release today, the power company says the deal set the price of the generating station and inventory at $46-million.
The utility says it has been buying the output from the 280 megawatt natural-gas fueled station through a long-term power purchase agreement with Emera Energy Inc., which was set to expire in 2021.
NB Power President and CEO Gaëtan Thomas says, "Having the Bayside Generating Station as part of our fleet will give us greater flexibility and lowers our future costs," adding purchasing Bayside will allow the company to continue to meet its obligations to decrease its carbon footprint in the future.
According to the press release, Bayside underwent extensive renovations in 2017 which included repairs, and replacement of major turbine components, with major capital projects restoring the combustion turbine to like-new condition.
As part of the agreement, the 20 employees at the facility will become NB Power employees.