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Will Cape Wind Save Billions? Challenging a Study by Charles River Associates

By Glenn Schleede -- February 13, 2010

[Editor note: Glenn Schleede wrote this letter-to-the-editor in response to  a news report published in the Cape Cod Times, Cape Wind Savings Pegged in Billions”.]

Dear Editor:

Thanks for the article in your February 11, 2010, edition, but electric customers in New England should not believe the claim that the Cape Wind project will save them “Billions” on their electric bills.

Frankly, the numbers in the slick 9-page “consultant” study released by the developer of the Cape Wind project of $4.6 billion in savings over 25 years just don’t add up for at least four major reasons:

1. Huge Cost of Cape Wind electricity. The true cost of electricity from wind – particularly offshore wind — is huge. No one who is paying attention expects the price that Cape Wind charges for its electricity to be cheap.…