PSEG Power Connecticut says it cleared 485 MW of installed summer capacity from a new gas-fired, combined-cycle plant in the ISO-New England Forward Capacity Auction.
Construction on the $550 million dual-fuel power plant at PSEG Power Connecticut’s existing Bridgeport Harbor Station site is expected to begin in 2017. The project is targeted for completion by June 2019.
The plant will primarily operate on natural gas but with can run on ultra-low-sulfur distillate (ULSD) fuel oil as a back-up.
PSEG Power Connecticut, the City of Bridgeport and several community and environmental groups have also announced a Community Environmental Benefit Agreement (CEBA) associated with the plant. Implementation is conditioned on receiving key construction permits. Among the components of the CEBA, if all conditions are met PSEG Power Connecticut will finalize plans to retire Bridgeport Harbor Station Unit 3, establish a $2 million fund to support projects and improvements focused on creating environmental benefits for the city’s residents, assign a community liaison officer to be the main point of contact with community groups and work with the community to support local and regional hiring.
Per the CEBA, the city has agreed to express its unqualified support for the new power plant.
In January, PSEG announced plans to invest $1.6 billion in new gas-fired projects.