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Annually, residential customers will pay a total of $41 million under the bill, and commercial and industrial consumers will pay $54.8 million, according to a state analysis. The developer of the project will recover about $1.73 billion from customers over the life of the project.
Gov. O'Malley proposes amendments to revive offshore wind energy bill
March 24, 2011 by Associated Press in Washington Post
March 24, 2011 by Associated Press in Washington Post
The governor proposed adding a threshold test in which state regulators would kick out proposals projected to raise an average family's electricity bill by more than $2 a month in the first year. The administration anticipates the financial impact will decrease after the first year if fossil fuel prices continue to rise.
Also filed under [
Tax Breaks & Subsidies]
MD Senate Committee conflicted over cost of wind energy
March 22, 2011 by Amanda Gaines in 630 WMAL News
March 22, 2011 by Amanda Gaines in 630 WMAL News
"A large number of us on the committee were very concerned that the governor was willing to place this burden on the back of the Maryland ratepayers," Kittleman told WMAL.
"Why don't we wait for five years to see if the prices will come down, and then we can enter into a long-term contract if necessary."
Also filed under [
Energy Policy]
A start-up wind company official said with federal stimulus funding and state permits, the doors to the former Bayliner plant at Mexico Farms could have local people back to work by the holiday season.
John Congedo, president of AC~Wind, listed online with a Grantsville address, told the Times-News Tuesday that AC~Wind has contracted with Brunswick Corp., parent company of Bayliner, to use its facilities in Cumberland and Salisbury.