CDC to Restore Old Power Plant to Potential Offshore Hub

Commercial Development Company Inc. (CDC), a leading North American commercial real estate and brownfield redevelopment company today announced plans to purchase the retired Brayton Point Power Station from Dynegy Inc.

As part of the transaction, CDC will assume responsibility for legacy environmental liabilities associated with the site. CDC and Dynegy are currently under contract to transfer ownership of the site, following a final due diligence period with closing anticipated by mid-December. CDC plans to invest significant resources to reposition the 307-acre retired power plant and develop a market-ready plan to transform the former energy asset for post-coal utilization. CDC has received tremendous support for this ownership transfer and for the future... ... More: Official Press Release CDC

Keywords:

CDC, offshore, power plant, restoration, hub, USA