DPU gives $168m offshore wind bonus to utilities
Healey spokeswoman says decision ‘sets a dangerous precedent’
THE MASSACHUSETTS DEPARTMENT OF PUBLIC UTILITIES approved multibillion dollar offshore wind contracts with Vineyard Wind on Friday and, over the objections of Attorney General Maura Healey, authorized the state’s three utilities to collect an additional $168 million from ratepayers just for carrying the contracts on their books.
The contract approvals had been expected, both for environmental and economic reasons. But Healey and other groups fought hard against the bid by Eversource Energy, National Grid, and Unitil to collect 2.75 percent of the total contract value as compensation for overseeing the contracts. The decision will likely influence the compensation the utilities will receive for hydro-electric contracts ($406 million) and future offshore wind contracts. ........