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PUC staff: No go for energy firms' wind deal
"We deny approval of the ‘proposed Transactions' as we find that the risk of harm to ratepayers exceeds the benefits," the draft decision reads, "even if conditions intended to mitigate the risk of harm to ratepayers were imposed."
January 20, 2012
by Naomi Schalit and John Christie
in Maine Center for Public Interest Reporting
First Wind, Maine's largest wind-energy developer, last April trumpeted a multimillion-dollar deal that would pay for the company's ambitious plans to erect more wind turbines throughout Maine and the Northeast.
But in just the past week, the Maine Public Utilities Commission dealt a potentially fatal blow to the deal.
Faced with what opponents have called the first serious challenge to the state's landmark electricity deregulation law, which went into effect in 2000, PUC staff on Jan. 13 recommended that the agency give a thumbs-down to the deal.
"We deny approval of the ‘proposed Transactions'... [continue via Web link]
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