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Cape Wind could boost bills slightly

State officials say electricity generated by an approved wind farm off the coast of Cape Cod could boost utility bills, but not as much as some opponents of the project predicted.

BOSTON - State officials say electricity generated by an approved wind farm off the coast of Cape Cod could boost utility bills, but not as much as some opponents of the project predicted.

Massachusetts Energy and Environmental Secretary Ian Bowles tells The Boston Globe that an anticipated deal between utility National Grid and developers of the wind farm approved by federal authorities could add from 47 cents to $1.33 to the average customer's monthly electricity bill.

Bowles says energy could at times in the future be cheaper.

A long-term contract with National Grid is critical for developers, who need to lock in the utility's business to help attract financing for the project, which is estimated to cost at least $1 billion. Any contract must be approved by state regulators.

BOSTON - State officials say electricity generated by an approved wind farm off the coast of Cape Cod could boost utility bills, but not as much as some opponents of the project predicted.

Massachusetts Energy and Environmental Secretary Ian Bowles tells The Boston Globe that an anticipated deal between utility National Grid and developers of the wind farm approved by federal authorities could add from 47 cents to $1.33 to the average customer's monthly electricity bill.

Bowles says energy could at times in the future be cheaper.

A long-term contract with National Grid is critical for developers, who need to lock in the utility's business to help attract financing for the project, which is estimated to cost at least $1 billion. Any contract must be approved by state regulators.


Source: http://news.bostonherald.co...

MAY 7 2010
https://www.windaction.org/posts/26112-cape-wind-could-boost-bills-slightly
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