CSR Mercuria 2018 - Flipbook - Page 55
to the facility, (3) transfer and renewal of all authorities necessary to operate the facility and
place power on the grid, and (4) securing of fuel
supplies necessary for the facility to be offered
into service. While there were substantial uncertainties throughout the project there was a
shared interest both by Mercuria, the local community, and the state government to see the facility quickly returned to service. Ultimately the
first of the four generating units was returned
to service on September 3, 2014 (with the remaining three following shortly thereafter), less
than 24-months following the October 29, 2012
flooding that had brought the facility down.
Perhaps most importantly, all of the repair work
was completed safely, and without any recordable injuries occurring.
employing local members of the community.
Coupled with this was a substantial reduction
in pollutant emissions- particularly carbon dioxide and sulfur dioxide, as the result of the facility switching from coal to using natural gas as
its primary fuel source.
The Danskammer Generating Station was successfully operated under Mercuria from the
return to service in 2014 through December of
2017 at which time Mercuria was approached
by and sold its interest to another financial investment organization. Mercuria was pleased
with the transition to the new ownership having
completed the transfer without any interruption to the facility’s commercial activities or
operations. Today, the facility continues to be
operated for peak-power demands in the area
The facility’s return to service represented a and provides benefit to the local community
substantial and reliable tax contribution to the through the employment it provides, addition to
local community, (particularly the local school the corporate tax base, and the overall net redistrict) and a reduction of over $100M in an- duction in electric power costs to consumers
nual energy costs to residents and businesses in the area. The facility has recently announced
within the Lower Hudson Valley power gener- plans to install a new combined cycle turbine at
ation zone. Further, beyond the multitude of the facility and retire some of the older equipcontractors and service companies employed ment as they look to future power generation
during the project to make facility repairs, over in the area.
50 high-paying permanent jobs were created
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