The $48 million termination payment will be paid in three installments to the utilities and the money will be reimbursed to ratepayers, according to filings with the Department of Public Utilities.
Author Archives: Bruce Mohl / CommonWealth Magazine
Posted inOffshore Wind
Renegotiating choice: Protect ratepayers or push clean energy?
Utilities regulator suggests developers have the upper hand in renegotiating contract terms
Posted inOffshore Wind
Massachusetts offshore wind developers could forfeit more than $100M
Both wind farms looking to terminate bids face hefty penalties: Commonwealth Wind would forfeit $48 million and SouthCoast Wind would lose $60 million.
Posted inElection 2022
Baker-linked super PAC bets big on Sheriff Hodgson
The Massachusetts Majority super PAC spent $32,125 for digital advertising on behalf of Hodgson, a big supporter of former president Donald Trump.