Deepwater Wind: No Need for Fee Waiver – Or For Its Boutique Electricity
Deepwater Wind is seeking waiver of a $700,000 fee payable to CRMC. So, in addition to charging two and a half to three times the current market rate for the electricity to be generated, they don’t want to pay a fee that they are legally liable for.
Here’s an idea. Don’t build the project. You won’t have to pay the fee. We won’t have to pointlessly pay a hefty rate premium for the electricity generated by a boutique, feel-good project. Sounds like a win-win. (Have your people call my people …)
[Monique is Deputy Editor of the RISC-Y Business Newsletter.]