Cape Wind savings pegged at billions

The developer of the proposed Nantucket Sound wind farm released a study yesterday that claims the project would save $4.6 billion in New England's wholesale electric costs over 25 years.

The nine-page report by Charles River Associates found that if Cape Wind were built the total cost of electricity paid by utilities in the region would be $185 million less on average each year. In 2008, the total wholesale cost of electricity in New England was $12 billion, according to Independent System Operator New England, the organization that manages the region's wholesale electricity market.Click here to read this Cape Cod Times article