Staff to enter into negotiations with NEAV (NEW ENGLAND AQUA VENTUS) towards entering into a long-term contract consistent with the terms set forth in the confidential proposed term sheet attached to this Order
THE CONFIDENTIAL TERMS:
 The pricing structure proposed by Pine Tree will recognize and accommodate “the commercial challenges in long-term cost estimation for large marine energy infrastructure”.
It also will “permit power purchase agreement capacity, energy and renewable energy credit prices to be adjusted based on changing costs prior to the final investment decision by New England Aqua Ventus, LLC or its affiliate and the Commission, employing state of the art marine commercial cost estimation and control mechanisms such as indexing and inflation adjustment mechanisms”. 
THE ADJUSTED PRICE !!!!   CONFIDENTIAL !!!!!!

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Comment by Dan McKay on February 25, 2023 at 8:50am

Willem, 

The PUC Commissioners are ball-less and the legislators are idiots. 

Comment by Willem Post on February 25, 2023 at 7:59am

You mean an open-ended, Carte-Blanche, boondoggle to spend whatever is necessary to put up highly uneconomic floating wind turbines that kill whales, cause birth defects in lobsters, and ruin fisheries?

ARE THEY OUT OF THEIR DAMNED MINDS?

DO THEY HAVE MINDS?

Comment by Dan McKay on February 25, 2023 at 7:18am

 

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

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(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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