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Robert F. Kennedy Jr. is accusing the Patrick administration of holding up Nstar’s proposed $4.6 billion merger with Northeast Utilities until the firms sign a deal to purchase electricity from the planned Cape Wind project. “In effect, the state administration is trying to hold hostage the proposed Nstar-Northeast Utilities merger unless the two electric companies […]
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As Massachusetts prepares to review a proposed utility merger between NStar (NYSE: NST) and Northeast Utilities (NYSE: NU), outgoing Patrick… By Kyle Alspach (bizjournals) [mappress] Source: bizjournals, December 30, 2010
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A broken campaign pledge by Gov. Deval Patrick could end up costing Massachusetts ratepayers big bucks if yet another massive wind farm is built off the coast of Martha’s Vineyard. When he first ran for governor in 2005, the then-relatively unknown Patrick broke out of the Democratic pack by endorsing the controversial Cape Wind project. […]
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The nation’s first wind farm, planned off Cape Cod, Mass., fought a bruising battle for approval. Now, it faces another challenge in selling its power. The 130-turbine Cape Wind project has sealed a deal with the utility National Grid for half its power. But the other half is available with no apparent takers — raising […]
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Cape Wind has outlasted a decade of government review, a slew of court brawls and fierce opposition from mariners, fishermen, Indian tribes and Kennedys just to win the right to sell its wind-fueled electricity. Now, all it needs are customers. Last month, the nation’s first offshore wind farm nailed down its first buyer when the […]
