Also in this playlist...
This transcript is automatically generated
-- wind -- war going on companies set to install the nation's first wind farm in Massachusetts.
Has received federal go ahead.
The wind farm set to go up just off the coast of Cape Cod but.
New concerns are being raised now over the cost of this very controversial project and if it will mean huge rate increases for electrical consumers.
Molly Line is live in Boston -- I guess there -- cement the demands from the attorney general -- -- a Massachusetts Attorney General Martha Coakley essentially -- some information from Cape Wind developers.
She was still not operating costs profits that's -- things she's basically aiming to protect the rate -- to make sure they're not overpaying.
For the power that the project creates.
The pageant aims to put -- 130 turbines off the coast of Cape Cod in May.
People -- developers struck a deal with National Grid -- that utility to -- about half of the power that the project creates.
National Grid is paying a bit of the premium -- -- state requirement to buy renewable energy from renewable providers from renewable generators.
And they're expecting a pass on that rate increase at about a dollar 59 for the average household that's about a 2% increase.
And the attorney general just wants some information to try and ensure that rate -- are carrying too much of the burden John.
Who's so what do the developers have to say about what the attorney general is asking.
Oh yeah presidency their first -- -- the argument that the renewable energy the Cape Wind provides will ultimately -- -- consumers money in the long run as gas and oil prices fluctuate.
They also make the argument that they're being asked more as a power company as utility provider.
Then other energy projects have been requested up in the past and they're hoping to strike some sort of compromise with the attorney general's office and continue to move forwards towards.
A construction which they're hoping to begin by the end of the year John I'm Molly Line reporting live from Boston thanks falling.
Filter by section