Helix Wind, the company that acquired Kibby Mountain Wind signed a long term contract with Central Maine Power. The contract calls for the sale of 50% of the output from the wind project for $36.50 per megawatt-hour
The lowest wholesale price on the ISO-NE market for the past week has been $55 per Megawatt hour.
This means CMP buys for #36.50 and sells for at least $55 and during peak hours the selling price was up to $100 per megawatt hour.
Helix Wind is bleeding off revenue and CMP ratepayers are the beneficiaries.