Revised offshore wind bill leaves utility payment up to state regulators

THE RHODE ISLAND HOUSE Committee on Corporations on Tuesday approved a revised version of an offshore wind procurement bill that caps the financial incentive for the state utility company at no more than 1%, to be determined by state regulators. Pictured is the Block Island Wind Farm. /COURTESY ORSTED US OFFSHORE WIND
PROVIDENCE - First it was 2%. Than zero. Now, the financial incentive for Rhode Island’s primary utility company to buy more offshore wind power is again changing, with amended legislation approved by the House Committee on Corporations Tuesday. The latest version of the bill caps the payment that the state's primary electric and gas company,…

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