Planet Gore

Gone With the Cape Wind

As in the extra money ratepayers will have to blow on wind-generated electricity. Boston Herald:

The controversial Cape Wind project could end up costing ratepayers as much as $6 billion over 15 years – and provide utilities with multimillion-dollar bonus incentives if they buy electricity from the planned off-shore wind farm.

National Grid officially filed yesterday its proposed long-term power contract with Cape Wind – and the numbers are eye-popping.

National Grid will pay Cape Wind $157.4 million in 2013, about $66.6 million more than if National Grid purchased electricity from a traditional power plant or a land-based wind farm, according to the filing with the Department of Public Utilities.

The rest here.

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