Exelon Generation to purchase ENGIE North America’s LNG import terminal 

Exelon Generation announced yesterday an agreement to purchase ENGIE North America’s LNG import terminal. The Everett, Massachusetts LNG Import terminal is just north of Boston and opened in 1971.

Transaction closure is dependent upon regulatory review by the U.S. Department of Energy for LNG import authorization and, as necessary, authorization from the U.S. Department of Justice. The transaction is expected to close in the fourth quarter of 2018.

The Everett Marine Terminal, also known as the Distrigas Terminal, is the longest-operating LNG import facility of its kind in the United States. The facility has connections with two interstate pipeline systems, as well as a local gas utility’s distribution system. It employs 50 people and pays $7 million in state and local taxes.

Exelon Generation is a subsidiary of Exelon Corporation (NYSE: EXC ).