re: #605 Spare O’Lake

Any news on the windmills in the water?

Hey,, they got approved at the fed. level, but you know that it would that. Still a long legal battle to fight.
After they were approved by the govt. the REAL cost came out.
We were told here on the Cape told that it would lower our cost.
The real numbers turn out to be..off the top of my head as follows:
We now pay around .05 cents per kw. Our rate will go up to .22 cents per kw.
Added to that, the cost has at least doubled to $1 bil, with some estimates up to $2 bil, in taxpayer money to build it, in a completely inappropriate place.
Next, the state had quietly passed a bill mandating National Grid to purchase a certain percentage of it’s power from “Green” sources. Thereby making forcing National Grid to buy the power.
Kicker is, National Grid does not supply electricity to Cape Cod, so we get none of the power, we just have to pay for it.
And, the .22 cent per kw hour is just for the first year. The price will rise by 3% annually for the duration of the contract with National Grid…15 years.
It’s a steal for us/