Eversource Offshore Wind Costs and Ratepayers "Editorial"
After Eversource divested in Revolution Wind, the prior contract cost could reach $285 million.
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Eversource Energy is a major New England utility company with joint headquarters in Boston, Massachusetts, and Hartford, Connecticut. It serves millions of customers across Massachusetts, Connecticut, and New Hampshire. Eversource is the primary electric utility provider on Cape Cod, responsible for power distribution, infrastructure, and storm restoration.
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Rhode Island Energy does not have an equity stake in the Revolution Wind project; it acts as the power purchaser.
Eversource reported in October 2025 that total construction costs for the Revolution Wind project increased, requiring them to record a roughly $75 million net after-tax non-recurring charge in the third quarter of 2025. This charge arises from the sale of a 50% interest in the project, where Eversource remained liable for substantial costs.
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Eversource is liable for significant cost overruns associated with the 704MW Revolution Wind project, despite having sold its 50% stake in the project to Global Infrastructure Partners (GIP) in September 2024.
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As of October 2025, Eversource is managing approximately $285 million in increased liability related to expected future payments for the project.
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Eversource has divested its ownership stake in the Revolution Wind project, selling it to Skyborn Renewables. While no longer an equity partner, Eversource continues to be involved as a developer, building the onshore transmission infrastructure for the project.
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Despite the ownership change, Eversource Connecticut officials indicated in late 2025 that the state's agreement to purchase power from Revolution Wind ($99/MWh) remains in place, with costs covered by ratepayers.
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The almost complete, 704 megawatt Revolution Wind project off Rhode Island was halted by the federal government in 2025, with officials warning the cancellation could cost New England ratepayers up to $500 million annually in higher energy market costs.In other debt and rate concerns, in a separate issue, Eversource has faced controversy over attempts to pass roughly $1.5 billion in storm recovery costs and interest to customers.
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Comment by Thinklike A. Mountain 23 minutes ago
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Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
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(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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