Manonthestreet
Diamond Member
- May 20, 2014
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Demonizing his critics worked for Gordon for more than a decade, but in the end the NIMBY charge lost its sting when the public recognized Cape Wind as a classic bait and switch. Developers promised cheap, clean energy, and then planned to sell 77.5 percent of the power they were going to produce to NStar and National Grid for some two times the average cost of power generated by US suppliers. The contracted price of 18.7 cents per kilowatt-hour was slated to rise 3.5 percent every year of the 15-year contract. What really toppled Cape Wind rsquo s plans for Nantucket Sound - Magazine - The Boston Globe