Tag Archives: missed critical milestones

Cape Wind project is dealt a major setback. NSTAR Pulls the Plug!

NSTAR, a Northeast Utilities subsidiary, informed Cape Wind officials of its decision late Tuesday, officials said. “Unfortunately, Cape Wind has ,” Northeast Utilities spokeswoman Caroline Pretyman said in an email. “Additionally, Cape Wind has chosen not to exercise their right to post financial security in order to extend the contract deadlines. Therefore the contract is now terminated.” Read the rest here 20:38