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R.I. Leaders Urge PUC To Approve Deepwater PPA

Rhode Island Gov. Donald L. Carcieri joined House Speaker Gordon D. Fox and Senate President M. Teresa Paiva-Weed in submitting a letter to the Public Utilities Commission (PUC) in strong support of the power purchase agreement (PPA) between National Grid and Deepwater Wind that is currently before the PUC for review.

In the letter, the three express the “commitment of the executive and legislative branches to supporting renewable energy resources and building an industry in Rhode Island focused on these emerging technologies.”

In the letter, the governor, speaker and senate president reinforce the intent of the long-term contracting legislation and how the project should be considered.

“To that end, the General Assembly made clear the standard of review for this new PPA and also made clear that the appropriate comparison is not to other renewable energy resources or to projections of market power prices, but to what a power market expert would expect for a project of a similar size, technology and location. The question is, given the state’s policy to develop a demonstration-scale offshore wind farm, is the PPA that has been negotiated commercially reasonable for that purpose,” the letter states. Read more…