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Wind-energy project boosts prices for Princeton Municipal Light Department
Allen, who came on board in October, said the trouble started in 2006 when the department decided to invest in two windmills. At that point, the department had zero debt and took out a $7.3 million mortgage for the project. ...The two windmills went online in January 2010 and the gear box in the southern unit broke in August 2011 and is still offline.
June 21, 2012
by Michael Hartwell
in Sentinel & Enterprise
PRINCETON -- Earlier this month, Unitil Corp.'s electricity rates fell below the rates of Princeton Municipal Light Department, and Brian Allen, manager for Princeton, said unexpected costs from a wind-energy project made his department's rates among the highest in the state.
"I'm not happy where it is, that's for sure," he said.
A fall in the price of electricity made from burning natural gas led to a rate reduction in Unitil's prices, but not in those for Princeton Municipal Light Department.
A Unitil customer now pays $116.38 a month for 650 kilowatt-hours while a customer of the Princeton Municipal Light... [continue via Web link]
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Massachusetts
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Impact on Economy
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