News
Bluewater, Delmarva in talks this weekend
Bluewater Wind and Delmarva Power will work through the weekend to try to forge an agreement on a long-term offshore power deal, with the talks boosted by Bluewater's agreement this week to move forward with a smaller power-purchase guarantee.
Senate Majority Leader Anthony J. DeLuca, D-Newark East, said he is hopeful a compromise can be reached by next week, when time will essentially run out for negotiations he has been coordinating. ...Delmarva has said that's too much power at too high a price, and could sue if ordered to sign.
The talks were bolstered this week by Bluewater's willingness to accept a smaller purchase commitment as a basis for getting the offshore wind farm project going.
June 14, 2008
by Aaron Nathans
in The News Journal
Resolution forcing contract languishes in Senate as adjournment nears
Bluewater Wind and Delmarva Power will work through the weekend to try to forge an agreement on a long-term offshore power deal, with the talks boosted by Bluewater's agreement this week to move forward with a smaller power-purchase guarantee.
Senate Majority Leader Anthony J. DeLuca, D-Newark East, said he is hopeful a compromise can be reached by next week, when time will essentially run out for negotiations he has been coordinating.
"At this stage, I'm pretty optimistic that we're going to be able to bring this to a successful conclusion," DeLuca said in... [continue via Web link]
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