Stefanie Brand, director of the division, yesterday said the pilot project nearly three miles off Atlantic City, is still opposed by her office. "It's just too expensive,'' she said. ...The projected costs also have raised alarm among business groups, which have consistently pressed the Christie administration to find ways to lower energy bills in New Jersey
Library filed under Offshore Wind from New Jersey
Fisherman's Energy is awaiting its last state approvals, from the New Jersey Board of Public Utilities, which has to decide whether the green benefits of offshore wind justify comparatively higher costs that could raise electric rates for consumers.
"I think wind energy is a good thing but they have to be very careful about ratepayer subsidy," said Stefanie Brand, executive director for the Rate Counsel, essentially the state's watchdog. "Unless we are going to get a greater benefit than it costs us, money wise and environmental benefit, we can't ask ratepayers to subsidize it." Fishermen's Energy, whose website says it will begin construction this year, is still trying to convince the BPU about those benefits.
The offshore high voltage cable project, called Atlantic Wind Connection, would link wind energy farms up and down New Jersey, connecting an estimated 3,000 megawatts of wind turbine electricity to power nearly 1 million households, according to the company website. The entire undertaking will take an estimated 10 years to complete.