Approved National Grid-Cape Wind Power Purchase Agreement (PPA) (DPU 10-54)

Source/Sponsor: 
Massachusetts Department of Public Utilities (DPU)
Creator/Author: 
Massachusetts Department of Public Utilities (DPU)
Description: 

In this Order, the Department of Public Utilities (DPU) approved National Grid's petition to enter into a power purchase agreement (PPA) with Cape Wind for the purchase of 50% of the output of the Cape Wind project. DPU denied National Grid's petition to approve a second power purchase agreement (PPA) with Cape Wind for the remainder of the project's output, ruling that approval of a second contract at this time would serve no clear purpose. Under the approved Cape Wind contract (PPA-1), National Grid agrees to purchase the energy, capacity, and renewable energy credits associated with the project for $187 per MWh for 15 years, escalating annually by 3.5%. The total amount of generation from the Cape Wind contract is expected to equal roughly 3.5% of National Grid's total distribution demand.

pdf
Publication Date: 
Monday, November 22, 2010
2 MB
Resource Type: 
Document