Rhode Island Public Utilities Commission Rejects Deepwater Wind's Price Demand.

[NNadir]

WARWICK – The R.I. Public Utilities Commission on Tuesday rejected as too expensive a proposed power-purchase agreement between Deepwater Wind LLC and National Grid Plc, dealing a heavy blow to Deepwater’s plan to build a wind farm off Block Island.

The three commissioners unanimously voted down the 20-year contract despite strong support for it from Gov. Donald L. Carcieri. They said the deal’s projected cost of electricity did not qualify as “commercially reasonable” under a test required by state law.

In a statement, Deepwater CEO William M. Moore said he was “extremely disappointed” by the PUC’s decision, and suggested the company may abandon its projects here...

http://www.pbn.com/detail/48839.html">Providence Business Journal: PUC rejects Deepwater contract on price

Rhode Island, already a gas hellhole, has some of the highest retail electricity rates in the country.

Deepwater wanted to sell wholesale electricity at nearly double the retail price.

It would appear that the members of the Rhode Island Public Utilities Commission needs to read this forum more often, where we are all eager to learn that wind power is economical.