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Wind energy developer files to scrap power agreements. Scrap all of it completely.
Commonwealth Wind on Friday asked Massachusetts regulators to scrap the agreements the company reached with utilities and reopen a new round of bidding. Commonwealth Wind filed a motion with the Department of Public Utilities (DPU) seeking dismissal of the power purchase agreements it reached with utility companies in May, which would render them moot, and a reopening of the process of procuring the project’s 1,200 megawatts of clean wind energy. If the DPU agrees, Commonwealth Wind said it would file a new, updated bid with more viable financial terms. >click to read< 10:45