At 19.5 cents/unit of electricity, this is about 3.5 times what folks in North Dakota pay for electricity. And the rate for Cape Wind will go up 3.5 percent each year (guaranteed by contract), while price of natural gas continues to remain flat for the foreseeable future.
Already trial balloons are being floated: the huge off-shore Nantucket Sound wind energy project will probably only be able to put in half the originally planned number of turbines.
And so it goes.
Here's the link.
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