Governor Andrew Cuomo’s energy agency issued a stern correction to an October 24 blog post in this space that said subsidies for offshore wind developers could cost ratepayers more than $6 billion. NYSERDA, the state Energy Research and Development Authority, said my calculations (which were based on NYSERDA’s own data) were “incorrect and misleading.” So I went back and double-checked. In one respect, I did make a mistake, explained below—but not in reaching the $6 billion estimate. In fact, the final price tag could climb even higher. Read More
Tag: Offshore Wind
Upstate electricity customers could shell out more than $1 billion to cover the state’s initial round of subsidies for offshore wind turbines, the Cuomo administration’s energy agency has now revealed. Read More
The Cuomo administration appears to have violated state law by forcing offshore wind developers to cut deals with the building trade unions that supported his 2018 re-election bid, needlessly inflating costs and boxing out subcontractors on multi-billion dollar construction jobs. Read More
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