Documents tell of wind farm plan's demise
"Under the challenging economic climate at the time which continues today, that premium was considered too high for potential ratepayers. Also, today's low gas and power prices, which are expected to continue into the foreseeable future, would make that premium even much higher," according to the statement.
August 6, 2012
by Brian Nearing
in Times Union
Cost was said to have spelled the end to Great Lakes plan; here's what really happened
ALBANY - When the New York Power Authority deflated plans last fall for the Great Lakes' first offshore wind farm, it justified pulling the plug by highballing the price tag.
But confidential NYPA documents obtained by the Times Union reveal that figure - $100 million annually for 20 years - to be double what the authority privately expected it would cost.
But if it wasn't about the money, why did the project, initially touted as a pioneering bid to harvest steady... [continue via Web link]