The new owners of the Brayton Point Power Station in Somerset said Monday that they will close the facility by June of 2017.    One of the reasons given was the lack of ability to meet environmental regulations.   The coal-firing plant is considered one of the biggest polluters in New England.

Brayton's 240 employees were also told that the company failed to reach an agreement with ISO New England, which provides power to the region.  

The plant is the largest property tax source in Somerset, said to have paid the town as much as $15 million annually in taxes.