PUC schedules wind-power proceedings
The state Public Utilities Commission has put together a tentative schedule of proceedings for the review of a proposed long-term power-purchase agreement between National Grid and Deepwater Wind.
If the three-member commission approves the 20-year contract, Deepwater would sell power from a $205-million, eight-turbine wind farm planned in waters off Block Island to National Grid for a starting price of up to 24.4 cents per kilowatt-hour. The price could be lower if Deepwater is able to save on construction costs or if the wind farm is more productive than projected. Once the actual starting price is set, it would increase by 3.5 percent annually over the life of the agreement. Read more…
