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Oct 29 2007: The Delaware PSC Report concluded that Bluewater's project is "not in the public interest."According to the report, Bluewater uses an unreasonable pricing escalator, shifts project risk and costs increases onto the ratepayer, delays project timing resulting in added costs, and has increased its proposed project costs in negotiation. Bluewater Wind has released its project bid at $1.6 billion for a 450 MW project. Delmarva Power would pay 10.59 cents/kWh or 1.05 cents higher than Bluewater's original bid. Delmarva cites that the cost of electricity as high. In late September 2007, Bluewater was acquired by leading US wind IPP Babcock Brown. BlueWater Wind Bidders Term Sheets (Not final terms) Map of Atlantic North: (awarded proposal) Map of Atlantic South: (Non-winning proposal) Del. committee approves wind power report- April 18 2008 Bluewater Wind launches research ship- March 31 2008 Wind power contract scrutinized- March 6 2008 Delmarva Power Submits Bidders' Proposed Term Sheets- September 16, 2007* Delmarva continues to balk at wind farm- September 15,2007
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Last Updated: December 11, 2007 Add Information Here (Click here) |
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