by Mario Hillarie, WJAR NBC 10 News

A company that specializes in brownfield properties is buying the 307-acre site of the former Brayton Point Power Station in Somerset with plans to redevelop it.
Commercial Development Company Inc. said it is hoping to finalize the purchase of the site along Mount Hope Bay by mid-December.

"Immediately following the ownership transfer, activity is expected to include asbestos abatement, environmental remediation and restoration, and demolition of most of the coal-related infrastructure on site," Commercial Development Company said in a news release.

Dynegy Inc. owned the coal-fueled plant for 2-and-a-half years before shutting it down in May. Commercial Development Company will assume all environmental responsibilities for the site.

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