Opinions
Our Town Council has been bedazzled by Deepwater's image of Russian dancers dressed as windmills and beautiful electric rates dressed as green energy independence.
I just read the proposal in front of the Public Utilities Commission. Deepwater's "cheap" electricity is going to cost "the grid" 30 cents per kilowatt-hour to start and go to 56 cents. I don't know what this will translate to on a Block Island Power Company bill, but if you include BIPCo's fee, plus a transmission fee, plus the cost of the $50 million dollar cable to support the 30-megawatt power plant, I'm willing to bet none of us are going to like it.
This does not look like cheap electricity nor does it look like energy independence. It looks like the latest hedge fund rip-off of the taxpayer dollar. Deepwater stands to gain (it is a secret because they can't figure out exactly how much) approximately $375 million dollars in "stimulus" money plus $600 million in energy fees from the rate payer.
In my opinion, Deepwater's scam is getting more and more obvious. These mills are metal and plastic industrial power plants that will cost us a fortune and our true island beauty while enriching hedge fund owners with our own money. I think it's time for our town elders to notice that the emperor has no clothes.
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