Xanax 1 Mg Green

By Peter Brennan

An energy-pricing expert, hired by the Xanax 1 Mg Green state of Rhode Island, testified last week that the Power Purchase Agreement between Deepwater Wind and Xanax 1 Mg Green National Grid was too high because of excessive profits for Xanax 1 Mg Green the developer.

Rhode Island’s Public Utilities Commission must approve the Xanax 1 Mg Green agreement to buy power from the proposed eight-turbine wind farm near Block Island.  The two sides struck a Xanax 1 Mg Green deal in December, National Grid agreed to pay 24.4 cents per kilowatt-hour in 2013 and Xanax 1 Mg Green that price would rise 3.5 percent each year.

The state’s Division of Public Utilities retained Richard Hahn, a Xanax 1 Mg Green consultant with La Capra Associates of Boston, to review the pricing arrangement.  Hahn said the Xanax 1 Mg Green price was too high because Deepwater was receiving too high a Xanax 1 Mg Green return.

“Based on Deepwater’s own assumptions, the rate of return to the project’s developers is Xanax 1 Mg Green higher than would be expected for other comparable renewable energy projects,” Hahn said in his testimony.  “It appears that Xanax 1 Mg Green the Deepwater project could be developed at a lower PPA price.”

Hahn said that a lower purchase price would reduce the “subsidy … paid by Rhode Island ratepayers through higher electric rates.”

Last month, the Commission received testimony from William Short, an Xanax 1 Mg Green energy pricing expert based in New York City and hired by Block Island residents opposed to Xanax 1 Mg Green the offshore wind farm.  Short told the Xanax 1 Mg Green Commission that the project was too large to be a demonstration project but too small to Xanax 1 Mg Green be commercially feasible.

Both Short and Xanax 1 Mg Green Hahn said that the cost of the transmission cable between Block Island and Xanax 1 Mg Green the mainland will represent an additional cost to ratepayers and should not have Xanax 1 Mg Green been excluded from the power purchase agreement.

The bulk of Hahn’s testimony, however, criticized the Xanax 1 Mg Green relatively high cost of the Deepwater project.

“When compared to Xanax 1 Mg Green other renewable projects, as defined by Rhode Island statute, the Deepwater PPA price is Xanax 1 Mg Green at the very high end of the range,” Hahn said.