AG backs new plan on price of energy, She urges approval of National Grid’s deal with Cape Wind :: Cape Wind :: America's First Offshore Wind Farm on Nantucket Sound

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AG backs new plan on price of energy, She urges approval of National Grid’s deal with Cape Wind
Tuesday, August 10, 2010
Attorney General Martha Coakley yesterday urged state regulators to approve National Grid’s contract to purchase electricity from the offshore energy project Cape Wind, after she got the two companies to agree to a nearly 10 percent reduction in the price of the wind power.

...The altered deal, which Coakley described as “in the public interest,’’ still needs to be approved by the Department of Public Utilities.

Under the revised contract, National Grid electricity customers who use an average of 600 kilowatt hours of power a month would pay just under $1.50 more on their electric bills in 2013, when the contract begins, according to estimates provided by the utility. That’s about 40 cents less than what the original contract would have cost.

Note: Click here to read this article in the Boston Globe

Also in Cape Wind in the News:
· Federal Government Opens More Ocean to Wind Projects   (02/03/12)
· Jim Gordon discusses SJC Decision to Uphold Approval of Cape Wind contract   (12/30/11)
· Project Opponents in deep debt   (11/18/11)