Vineyard Wind vs. GE Vernova: Massachusetts Electric Rates
Governor Maura Healey announced the activation of the Vineyard Wind 20-year power purchase agreements on April 27, 2026, and celebrated full construction and completion on June 24, 2026.
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Vineyard Wind CEO Klaus Skoust Møller admitted in a Massachusetts Superior Court filing that the wind farm continues to produce less than half of its expected power.
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Vineyard Wind has withheld over $300 million in payments it technically owes GE Vernova for work already completed.
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Vineyard Wind has a cash flow problem because this $300+ million is subject of an active lawsuit. Vineyard cannot spend it on daily operations, office rent, or other debts. It must sit untouched until the court case is resolved.
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Vineyard Offshore is essentially hemorrhaging money from the July 2024 blade failure. More than 60 defective GE Vernova turbine blades were removed or reinforced at the offshore farm following the July 2024 blade failure.
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An $853 million check from GE may take years to arrive from court actions.
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In October 2023, the Massachusetts Department of Public Utilities allowed SouthCoast Wind to cancel its struggling wind project and contracts and rebid at a higher price. When Massachusetts allowed SouthCoast Wind and Commonwealth Wind to scrap their Power Purchase Agreements (PPAs) in 2023, it set a major example that triggered a domino effect across the entire U.S. offshore wind industry.
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If Vineyard Wind faces catastrophic financial losses from legal battles, they may argue that their contract is no longer viable. Massachusetts has legally mandated renewable energy goals. They may be forced to renegotiate these contracts at higher prices to keep the project from failing.
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Vineyard Wind might ask the state to change the contract and charge more for the electricity. If Vineyard Wind wants out of its signed contract to rebid a higher price, it can point to SouthCoast Wind.
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If Vineyard Wind continues financial stress, everyday citizens could see changes in their electric bills.
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Ratepayers could pay the additional cost through delivery or distribution charges on electric bills.
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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
******** 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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