By Peter Brennan
Days after receiving federal approval, the Order Xanax Overnight Shipping Cape Wind offshore wind project cleared another major hurdle by agreeing to Order Xanax Overnight Shipping a power purchase agreement with local utility National Grid.
The agreement, submitted to Order Xanax Overnight Shipping the Massachusetts Department of Public Utilities today, calls for National Grid to Order Xanax Overnight Shipping pay 20.7 cents per kilowatt/hour for 50 percent of Cape Wind’s output. Production is Order Xanax Overnight Shipping scheduled to begin in 2012 and that price is set to Order Xanax Overnight Shipping increase 3.5 percent every year during the course of the 15 year contract. The wind farm’s output includes electricity and renewable energy certificates.
National Grid officials said this Order Xanax Overnight Shipping deal will result in an average monthly increase of $1.59 for its customers. The deal must be approved by the state DPU. In March, the Order Xanax Overnight Shipping Rhode Island Public Utilities Commission rejected an agreement for National Grid to Order Xanax Overnight Shipping buy electricity from Deepwater Wind’s Block Island project for 24.4 cents per kilowatt/hour.
The proposed 130-turbine wind farm near Cape Cod in Massachusetts had Order Xanax Overnight Shipping languished in the permitting process for more than nine years until last month, when Order Xanax Overnight Shipping Interior Secretary Ken Salazar approved the project. Local tribes have Order Xanax Overnight Shipping said they will file lawsuits to block the project but most analysts now see the Order Xanax Overnight Shipping development as inevitable.
Cape Wind President Jim Gordon applauded National Grid for Order Xanax Overnight Shipping reaching the deal.
“National Grid’s decision to Order Xanax Overnight Shipping move forward with this agreement helps put Massachusetts at the Order Xanax Overnight Shipping forefront of this emerging industry and provides their customers with secure and Order Xanax Overnight Shipping stable-priced renewable energy,” Gordon said.
National Grid President Tom King sought to Order Xanax Overnight Shipping minimize the increased consumer costs associated with the project.
“We recognize that all renewable energy, be Order Xanax Overnight Shipping it on- or off-shore wind, solar or other sources, has a Order Xanax Overnight Shipping cost associated with it,” King said. “Carbon-based generation comes with its own set of long-term costs – to our health and our environment. Cape Wind is Order Xanax Overnight Shipping an investment in our future, and one that we must support if we are Order Xanax Overnight Shipping to achieve a lower-carbon energy portfolio.”





Mon, May 10, 2010
Business, New England, Politics