buried_lede t1_j1rpi5z wrote
Reply to comment by bubalusarnee in Wind developers’ tightening financials call New England project into question by stewart0077
I don’t think so. Avangrid just doesn’t want to honor their contract. They want a redo. It’s referred to as a long time power purchase agreement but in none of the articles I’ve read does it specify the length of the contract. I guess it’s on file if anyone wants to dig it up. I think Avangrid should just eat it and apparently, so does everyone else. As part of Iberdrola, it’s a huge international company and can absorb the temporary impact of a calculation it regrets making.
The utilities make gobs of money on transmission and distribution improvements and extensions. FERC sets generous payment for transmission, and in distribution, the cost of capital improvements, such as more or improved distribution infrastructure, can be passed onto customers. They are always thrilled to do either so I don’t see any reason the utilities would want to stop the wind projects from coming online
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