April 3, 2014 — Fishermen’s Energy, the consortium of principals from commercial fisheries that proposed building a small wind farm 2.8 miles off Atlantic City, is considering its options after a March 19 decision by the New Jersey Board of Public Utilities rejected its proposal based on the rates the BPU claims would impact consumers.
Spokeswoman Rhonda Jackson said the Fishermen’s team was assessing their options and will likely file a motion for reconsideration next week. “An appeal would be a future option,” she said.
Fishermen’s Energy proposed a five-turbine demonstration scale offshore wind project that would cost $199.17 per megawatt of electricity – lower than any other domestic offshore wind demonstration projects proposed in Maine and Rhode Island. The 25-megawatt wind farm would generate enough electricity to power 10,000 homes.
According to the consortium’s publicity, the cost of implementing the project would be under a dollar a year for the average consumer, and ratepayers would be isolated from construction cost risk, performance risk and decommissioning risk. It would also provide 200 direct construction jobs and 500 total jobs.
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