NStar OK’s top dollar deal with Cape Wind

Mar 31st, 2012 | By | Category: General

Boston utility NStar has agreed to pay a starting price for power from the Cape Wind project that is substantially above the cost of conventional energy and will slightly increase the average customer’s monthly bill beginning the first year the offshore wind farm generates electricity, according to a 15-year contract filed with state regulators Friday.

The price, 18.7 cents per kilowatt hour, is the same as what National Grid agreed to pay when it signed a contract in 2010 to purchase half the power generated by Cape Wind.

For more on this story, visit: NStar OK’s top dollar deal with Cape Wind – Boston.com.

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BOSTON — The Massachusetts utility NStar has agreed to buy power from the proposed Cape Wind offshore wind farm for more than double what electricity from conventional sources is projected to cost during the 15-year term of the deal.

For more on this story, visit: NStar committed to buying wind-generated power for more than twice conventional price- The New Haven Register – Serving New Haven, Connecticut.

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