Exelon Generation plans to retire its 58-year-old Schuylkill Generating Station in Grays Ferry at the end of the year, the latest Eisenhower-era power plant to bow out in response to a changing energy environment.
Increasingly, the oil-burning plant at 2800 Christian St. has been little used, said Tim Wirth, a spokesman for Exelon's power-generation unit in Kennett Square.
"It's older, it's not used very frequently, and it no longer makes economic sense," Wirth said. In the last year, the plant's 166-megawatt main unit was fired up only once to serve the regional power grid.
The plant was built by Peco Energy Co., then called Philadelphia Electric, which retained it in 1987 after selling off the adjacent Grays Ferry Station at 2600 Christian St. that produces heat for the Center City steam loop.