Deepwater is up in Rhode Island trying to sell offshore wind power. He wants double what Delmarva will pay Bluewater and a higher yearly increase. The PUC up there questioned whether that was reasonable. Looks like he agrees with some of the local critics of Bluewater (such as myself) that it is not likely to happen. I expect them to try to get Markell to reach into the taxpayer’s pockets.
Here are some excerpts from Block Island Times, a local paper, taken out of context of course:
Deepwater Wind CEO Bill Moore testified that many in the industry were concerned that Bluewater would have difficulty bringing in the project at that price. “Most don’t think they can pull it off.”
and
“Deepwater consultant David Nickerson further explained that the Delaware price was arrived at partly through some regulatory sleight of hand. The lower price, he said, was reached by offsetting costs with potential revenue coming from renewable energy credits that accompany renewable projects. The value attached to those credits was allowed to be inflated in Delaware, Nickerson suggested, providing the illusion of “an extra revenue stream,” which artificially brought down the apparent cost of the project.” (I did the highlighting)
If you want to read the actual article… Their little paper seems to have a level of healthy skepticism that is missing from much of the “cheerleader” reporting we see in DE, this was interesting.
Trust me. Not one wind tower will ever get built. This is a sham.
Bully for your efforts!
The Bluewater Wind project was sold to Delawareans under the premise that NOT ONE TAXPAYER DOLLAR
sorry, spazed and hit “submit” too early.
It was sold to Delawareans under the premise that it wouldn’t cost Delawareans one taxpayer dollar because it was funded through private investment. And it wouldn’t cost one Delawarean a dime until it started generating power.
If Delaware is, in any way, going to funnel tax payer’s money in to this project to subsidize it, we were sold a big, metal load of crap.
[…] oil) company testified that the belief of others in the “industry” is that Bluewater is not viable at the price that they have agreed to. Take a look at this article that I saw on American Thinker. […]