Morro Bay power plant to shut down in February
November 9, 2013
Dynegy announced plans to retire its 50-year old Morro Bay natural gas-fired power plant in February because the plant is no longer profitable.
Company spokeswoman Katy Sullivan said Dynegy was unable to get a long-term power sales contract to keep the 650-megawatt plant economically viable. In addition, in order to comply with a recently implemented California policy that restricts and phases out the use of estuary, delta and ocean water for cooling coastal power plants, the aging facility would require a significant investment.
There are currently 30 to 40 people working at the plant. Dynegy officials said employees will be offered jobs at other facilities otherwise they will be given a severance payment.
Dynegy officials have not yet decided what they will do with the property.