Exelon Wins Subsidy for Gas Plant Supplying Boston LNG Terminal

Federal regulators approved a plan to keep a natural gas power plant near Boston open in a decision that one commissioner called a “bail out” for the region’s only liquefied natural gas terminal.

The Federal Energy Regulatory Commission voted Dec. 20 to allow Exelon Corp. to charge customers extra to support the Mystic Generating Station, which the New England grid operator says is crucial during winter. Chicago-based Exelon warned it would close the plant by 2022 without additional payments, according to FERC’s order.

The 2,000-megawatt Mystic facility is the primary customer for the Everett LNG Facility, which is also owned ...