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ELT Announces Purchase of Retired Meredosia Power Plant from Ameren
ELT has announced the
purchase of the retired Meredosia Power Station from Ameren Energy Medina Valley Cogen LLC, a wholly-owned subsidiary of Ameren Corporation. The transaction included the acquisition of real estate assets and the assumption of legacy environmental liabilities associated with the site. ELT will now oversee the plant's decommissioning, demolition, environmental remediation, and site redevelopment going forward.
Since 2014, ELT has purchased retired power plants from companies such as Dynegy, AEP, DTE Energy, Alliant Energy, Indiana Michigan Power, and others. With the addition of the Meredosia Power Station, ELT's accumulative power plant portfolio represents over 3600-MW of retired generation capacity.
Throughout the remediation & demolition process at Meredosia, CDC will be evaluating the market and meeting with local economic development leaders to find end users who could benefit from the site's attractive features, which include 800 feet of mooring cells and an offloading facility with conveyor on the Illinois River, a Norfolk Southern rail spur, and access to high-voltage, bulk electrical power from Ameren Illinois.
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December 2019
ELT Announces New Power Plant
Acquisition
CDC Ramps Up Development Plans for former Evraz Steel Mill
POWER Magazine
Brayton Point Redevelopment Project
PREVIEW:
Brownfields Conference 2019
ELT Acquisition Criteria
PREVIOUS ELT
NEWSLETTERS
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CDC Ramps Up Development Plans for Former Evraz Steel Mill
Four and a half years after purchasing the former
Evraz Steel Mill site in Claymont, DE (outside Philadelphia)
, Commercial Development Company (CDC)
is ramping up for a large-scale, multi-use development called "First State Crossing".
CDC's development plans include over
3 million square feet of new construction - 1.8 MSF for residential (1,200+ townhomes and apartments), 989,000 for office, 380,000 for industrial, and 105,000 for retail.
Additionally, the site will host a new and upgraded Claymont train station, slated to be finished in early 2022.
Brett Saddler, executive director of the Claymont Renaissance Development Corp., believes First State Crossing offers
the largest economic development impact of any project now under way in the state.
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POWER Magazine: Redevelopment Project Converts Site from Coal to Renewables
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| Brayton Point Redevelopment Underway - December 2019 |
The former Brayton Point coal plant's transformation into an East Coast logistics and manufacturing center, renewable energy hub, and international seaport is a symbolic milestone representing the first of its kind in the US. Instead of developing new energy centers subject to uncertainties, the combination of this brownfield conversion, using existing assets and new investments, provides important catalyst for sustainable redevelopment.
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| PREVIEW: Brownfields Conference 2019
Next week, ELT will be at the Brownfields 2019 Conference in Los Angeles, CA. Our team
will be on site and on stage talking about best practices and success stories in brownfield development projects and environmental liability transfers. If you will be attending the conference, please contact John Kowalik to schedule a time to meet with our team (
314-835-2813 /
jkowalik@cdcco.com
).
Wednesday, December 11 / 12:00 pm - 1:00 pm
Room 404 A/B
Colleen Kokas, ELT Exec VP
Wednesday, December 11 / 2:15 pm - 4:30 pm
Room 515 A
Colleen Kokas, ELT Exec VP
Wednesday, December 11 / 3:30 pm - 4:00 pm
West Hall A
Steve Collins, ELT Exec VP
Thursday, December 12 / 11:00 am - 12:00 pm
Room 502 A
Randall Jostes, ELT CEO
Matt Robinson, ELT President
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ACQUISITION CRITERIA
Seeking Environmental Liabilities and/or Retired Real Estate Assets
If distressed real estate is impacting your operations, transactions, or balance sheet, please contact us for a confidential discussion.
ELT's core offering includes:
- Environmental Liability Transfers
- Brownfield Real Estate Purchase
- Liability Transfer + RE Purchase
- Guaranteed Cost Certainty
- Corporate Indemnification
- Maximum Value for Retired Assets
- Transfer of Regulatory Obligations
- Transfer of Post-Closure Obligations
- Sustainable Redevelopment Planning
- Sale / Leaseback Options
- Preservation of Legacy & Brand
Phone: 314-835-2813
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About Our Group
Environmental Liability Transfer, Inc. (ELT), along with four distinct affiliate companies under common ownership, have become one of the most impactful brownfield redevelopment and environmental remediation and consulting firms in North America.
By leveraging the core competencies of its affiliate partners, ELT now has the ability to consolidate multiple elements of brownfield redevelopment into ONE comprehensive value proposition - Real Estate Purchase, Environmental Liability Assumption, Fixed Price Environmental Remediation, Demolition, and Liquidation Services.
For more information on ELT or our affiliates, please visit our websites (right) or download ELT's
Brownfields Brochure.
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Contact Us
For more information about anything in this newsletter or to schedule a confidential discussion regarding your environmental liabilities or brownfield properties, please contact us.
John Kowalik
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