Who owns Maine’s largest power plants
While power plants are often high-profile landmarks — think of the Cousins Island plant whose chimney is visible throughout Casco Bay — we often know very little about who owns the sites. In a number of cases, Maine's largest power plants are owned by large, publicly traded companies and may be part of a large portfolio of sites.
NextEra Energy Inc.
NYSE: NEE
Owns: Yarmouth 4, Yarmouth 3, Yarmouth 1, Yarmouth 2
Headquarters: Juno Beach, Fla.
In brief: NextEra has annual revenue of $16.2 billion and has 45,900 megawatts of generating capacity. It has 14,700 employees in 30 states. It also owns NextEra Energy Partners LP (NYSE: NEP).
Websites: www.NextEraEnergy.com, www.NextEraEnergyResources.com, www.FPL.com
Calpine Corp.
NYSE: CPN
Owns: Westbrook Energy Center G1, Westbrook Energy Center G2
Headquarters: Houston
In brief: Calpine is the largest generator of energy from natural and geothermal resources in America. The Geysers, its northern California operation, operates on geothermal power and has 13 plants with a capacity of 725 megawatts. Calpine employs 2,400 in 25 states, as well as Canada and Mexico.
Website: www.calpine.com
Emera Energy Services
NYSE: EMA
Owns: Rumford Power
Headquarters: Halifax, Nova Scotia
In brief: Emera bought the Rumford plant, along with plants in Bridgeport, Conn., and Tiverton, R.I., for $541 million in 2011. Rumford Energy is an affiliate of Emera, as is Emera Maine, a distribution and transmission utility that was formed by an integration of Bangor Hydro and Maine Public Service and serves 154,000 customers in eastern Maine. Emera has $29 billion in assets and is involved in electricity and gas transmission, generation and disbursement, as well as utility energy services.
Website: www.emera.com
Dynegy Marketing and Trade LLC
NYSE: DYN
Owns: Maine Independence Station 1, Maine Independence Station 2 (both in Veazie)
Headquarters: Houston
In brief: Has 50 plants in 12 states, employing 2,853, Dynegy has a generating capacity of 31 million MW and has 963,000 residential customers and 42,000 commercial, industrial and municipal customers.
Website: www.dynegy.com
Bucksport Generation LLC
Owns: Bucksport Energy 4
Headquarters: Bucksport
In brief: Formerly Verso Bucksport Power, since January 2015 it has been a subsidiary of AIM Development, itself a subsidiary of Montreal-based American Iron and Metal Co. Inc. AIM is redeveloping the former paper mill site. Eastern Maine Redevelopment Corp. is seeking bids for a brownfields plan to demolish everything on the 274-acre site not related to the power-generating plant.
Website: N/A
Brookfield Renewable Power
NYSE: BEP
Owns: Great Lakes Hydro America, Millinocket
Headquarters: Toronto
In brief: Brookfield Renewable, a subsidiary of Brookfield, owns more than 215 hydroelectric dams worldwide, including 38 in Maine. Brookfields operates in 30 countries, and oversees renewable energy including wind, hydro, pumped storage and biomass. It also oversees real estate, infrastructure and private equity investments, with $250 billion under management and 70,000 operating employees.
Website: www.brookfield.com
ReEnergy Holdings LLC
Owns: ReEnergy-Stratton
Headquarters: Latham, N.Y.
In brief: ReEnergy Statton uses biomass to supply power to 46,000 homes, with the balance being sold to utilities, energy service companies and municipal co-ops. The plant opened in 1989 and was bought by ReEnergy in 2011. ReEnergy operates 10 plants in the Northeast, including Maine sites in Stratton, Ashland, Fort Fairfield, Lewiston and Livermore Falls.
Website: www.reenergy.com
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