Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Calpine Corporation    CPN

News SummaryMost relevantAll newsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

Enbridge : Weymouth compresor opponents urge EPA tests

share with twitter share with LinkedIn share with facebook
share via e-mail
07/24/2017 | 11:33pm CEST

July 24--Opponents of a proposed compressor station in North Weymouth are welcoming a call for air quality tests to be done in neighborhoods near the Fore River basin by Congressman Stephen Lynch, D-South Boston.

Lynch said he wants the EPA to conduct comparison tests after independent monitoring by consultants working with the Fore River Residents Against the Compressor showed that the area already has levels of benzene and other pollutants well in excess of existing standards.

"This is not what we expected. This is different," Lynch said during a visit to one of the group's 10 test sites, in the backyard of a home on Cotton Avenue in East Braintree.

The air quality tests done in April by Braintree based GeoLabs and Phoenix Environmental Laboratories of Connecticut found levels of benzene, methylene chloride, 1.2 dichloropropane, 2-hexaanone, alkanes, hexane, acetone and ethanol that exceeded DEP standards, according to Dr. Curtis L. Nordgaard, a Newton pediatrician.

Nordgaard detailed the findings during a meeting with the Fore River Residents Against the Compressor in May.

Alice Arena, co-leader of the Fore River Residents Against the Compressor or FRRAC, said the group is grateful for Lynch's support.

"We are most encouraged that his office is investigating the air quality issue," she said. "He is very concerned that these conditions still exist in the Fore River basin."

Enbridge Inc. is proposing to construct a 7,700 horsepower compressor station near the Fore River Bridge.

Michael Lang, an East Braintree Civic Association member, said air quality tests done in his backyard on Cotton Avenue had findings that were similar to other places near the Fore River.

"My house backs up to Heritage Lane, where there is senior housing," he said. "That is significant."

Nordgaard said during his meeting with Lynch the nearby Citgo petroleum terminal, Calpine power plant, and boat and vehicle traffic are "the likely suspects" for the high levels of benzene and other chemicals.

Compressor opponents say Dallas-based Spectra Energy, which proposed the compressor facility before Enbridge purchased the firm, failed to account for benzene and other pollutants already in the area's air when it produced its own air-quality report.

Spectra identified at least 10 carcinogenic chemicals that the 7,700-horsepower compressor station would emit.

Weymouth District 1 Councilor Rebecca Haugh said she is pleased Lynch is requesting an EPA air evaluation of the neighborhoods near the proposed compressor site.

"Congressman Lynch has been at the forefront for two years," she said. "He came to the site to see what is happening and to see what we are fighting. He has supported us for a long time now."

Haugh said the air quality near the Fore River basin should be evaluated even if a compressor was not proposed for the site.

The proposed compressor station location is in a heavily industrialized area that includes Citgo Marine Petroleum Terminal, Twin Rivers Technologies, Braintree Electric Light Department, a regional sewage pump station operated by the Massachusetts Water Resources Authority, a sewage pelletizing plant operated by the MWRA, a hazardous waste transfer and treatment facility owned by Clean Harbors, and small oil storage facilities and tanks owned by Calpine Corp.

Lynch said it is critical to have all the facts about potential risks to the environment, public health and public safety.

"I thank Dr. Nordgaard, Alice Arena, Councilor Becky Haugh, Councilor Margaret LaForest, and other local advocates for their commitment to promoting a safe and healthy environment for residents of Weymouth, Braintree, Quincy, and surrounding communities," Lynch said in a written statement. "Following my review of Dr. Nordgaard's testing, I plan to take the concerns raised by the local community to the Environmental Protection Agency."

"I have been in contact with Governor Baker about this issue and will continue to consult the Governor as well as our local elected officials moving forward. The health and well-being of area families are of the utmost importance."

Baker has directed state agencies to conduct a public safety review, an air quality assessment and a flood risk evaluation of the proposed compressor station site before any permits are issued for the facility.

Patriot Ledger reporter Lane Lambert contributed to this report. Like the Weymouth News on Facebook!


(c)2017 The Patriot Ledger, Quincy, Mass.

Visit The Patriot Ledger, Quincy, Mass. at www.patriotledger.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

share with twitter share with LinkedIn share with facebook
share via e-mail
07/24 ENBRIDGE : Weymouth compresor opponents urge EPA tests
07/19 CALPINE : To announce second quarter 2017 results on july 28, 2017
07/18 CALPINE : House Energy and Commerce Subcommittee on Energy Hearing
07/17 CALPINE : to Announce Second Quarter 2017 Results on July 28, 2017
07/04 CALPINE : Valueworks LLC Sells 7,650 Shares of Calpine Corporation (CPN)
06/14 CALPINE : Town of Weymouth Town appeals DEP waterways license
06/14 CALPINE : Weymouth officials are requesting a hearing with the DEP on its recent..
05/24 CALPINE CORP : Regulation FD Disclosure (form 8-K)
05/24 CALPINE CORPORATION (NYSE : CPN) Files An 8-K Regulation FD Disclosure
05/18 CALPINE CORPORATION (NYSE : CPN) Files An 8-K Departure of Directors or Certain ..
More news
News from SeekingAlpha
05/19 Calpine Corporation 2017 Q1 - Results - Earnings Call Slides
05/17 Calpine +5% as M&A speculation ramps up
05/17 Tracking David Einhorn's Portfolio - Q1 2017 Update
05/10 Calpine +14% as WSJ says it is exploring a sale
05/05 Calpine Q1 Conference Call - Proceeding As Planned
Financials ($)
Sales 2017 5 760 M
EBIT 2017 954 M
Net income 2017 234 M
Debt 2017 10 481 M
Yield 2017 -
P/E ratio 2017 18,29
P/E ratio 2018 12,59
EV / Sales 2017 2,68x
EV / Sales 2018 2,58x
Capitalization 4 950 M
Duration : Period :
Calpine Corporation Technical Analysis Chart | CPN | US1313473043 | 4-Traders
Technical analysis trends CALPINE CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 15,3 $
Spread / Average Target 12%
EPS Revisions
John B. Hill President, Chief Executive Officer & Director
Frank Cassidy Chairman
Zamir Rauf Chief Financial Officer & Executive Vice President
David C. Merritt Independent Director
W. Benjamin Moreland Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
IBERDROLA7.56%49 802
SOUTHERN CO-3.94%47 024
PG&E CORPORATION11.73%34 670