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Q&A: How the Deepwater Wind deal works:What it means for RI electricity customers

The R.I. Public Utilities Commission voted Wednesday to approve a contract between National Grid and Deepwater Wind, the New Jersey company that wants to build two wind farms in the waters off Rhode Island.

The approval came four months after the PUC rejected a nearly identical agreement between the two companies as being commercially unreasonable. The General Assembly reacted by passing a law, strongly backed by Gov. Donald Carcieri, supporting the deal and pushing the commission to reconsider it.

Here is an explanation of how the agreement will impact Rhode Islanders. Read more…