WESTFIELD- The Massachusetts Municipal Wholesale Electric Company (MMWEC), of which Westfield Gas and Electric was once a part, announced that it sold its ownership stake in the W.F. MMWEC’s Wyman Project Participants included 12 Massachusetts municipal utilities based in the communities of Boylston, Holyoke, Hudson, Hull, Littleton, Marblehead, Middleborough, Middleton, North Attleborough, Shrewsbury, Wakefield, and Westfield. When it came online, it marked a milestone for MMWEC and its project participants. Since the electricity industry in Maine was deregulated in 1998 and Central Maine Power (CMP) was forced to divest itself of generating plants, selling them all to Florida Power & Light, the value of Wyman Station for tax purposes has declined markedly, from close to half of Yarmouth’s total valuation to less than 8 percent. WG&E is no longer a member company of MMWEC, but it had retained its ownership stake in the plant until now. Stowe noted that the sale should have little impact on the utility customers in Westfield, adding that WG&E has a “diverse” portfolio of other power sources. 6 oil-fired generating plant located in Yarmouth, Maine. Woods says his major concern is that NextEra might sell Wyman Station for next to nothing to a small limited-liability company, thus transferring liability for potential site remediation from a $15 billion corporation to an LLC with few resources. “It basically means that the power we use in Westfield will be cleaner,” said Stowe. Though Wyman’s value, says Tupper, is “certainly not going to go anyplace near zero,” whether it ends up being revalued at $50 million or $25 million is up in the air with the plant on the market. Even more ironic is the fact that the Cousins Island plant is for sale; a buyer has been located and has likely scheduled demolition for next summer to clear the … Revenue bonds issued by MMWEC to finance the Wyman Project totaled $9.42 million. From U.S. Route One in Yarmouth, follow the signs to Route 88 and Cousins Island by way of Gilman Road. mmwec@mmwec.org, Copyright 2018, Massachusetts Municipal Wholesale Electric Company (MMWEC), Career Opportunities with Member Utilities. That’s good news to David and Pamela Adams. In 1990, the leading sources of in-state electricity generation in Maine were nuclear power, hydropower, and oil. The Wyman plant, located on Cousins Island in Yarmouth, was built on a 122-acre site in 1978, as a base-load generation unit. Copyright © 2017 The Westfield News Group. NextEra declines to say how often Wyman actually runs or how much power it produced last year. “In addition, there continues to be some economic value and potential to the facility in the energy production and capacity markets, as well as ancillary services to the energy grid.”, So what are the options for an over-the-hill, oil-fired power plant? “They probably overpaid by $300 million for that facility,” says Silkman. So NextEra has power purchase agreements that commit it to producing power or purchasing it elsewhere into 2017. In 2001, the Maine Department of Environmental Protection (DEP) required Wyman Station to install pollution controls designed to reduce the plant’s emissions of nitrogen oxide by 800 to 1,200 tons a year, an action hailed by the Natural Resources Council of Maine (NRCM) as “Maine’s biggest air pollution victory in thirty years.”. But Rich Silkman points out that most offshore wind projects are proposed for midcoast Maine, too far away to make Yarmouth a practical landing. See news release here.. Wyman History: Wyman, which began operation in 1978, is … That never happened, but might someone buy Wyman and convert it to natural gas today? This was in 1980, looking northeast from the alcove window of a third-floor apartment on the Eastern Promenade in Portland, where I lived that summer. For the time being, however, the oily peaker with its great cement smokestack and double row of high-tension towers marching down to the sea remains operational — and on the market. MMWEC’s Wyman Project was established in 1976. Wyman Station Unit 4 in Yarmouth, Maine on July 19. When it came online, it marked a milestone for MMWEC and its project participants. “In evaluating the role of our assets in our portfolio,” NextEra spokesman Steven Stengel said in an email message, “we concluded that our Maine fossil assets no longer strategically make sense for the business.” There was store and post office on the corner of Wharf and Cousins roads: It burned down in 1992. “The Wyman Station provides capacity to the New England electric grid and currently runs in a limited peaking mode,” Stengel writes. 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