Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Actually, it did not take much to do it in, and here was always the high cost excuse. But, if NYPAa was serious about offshore wind, they should have owned it and financed it with NYPA bonds, which are rated at least AAA. Get someone else to buy/build/install it, but have NYPA own it. At 12 to 14 c/kw-hr vs. 20 c/kw-hr, you just can't beat lots of low cost financing when it comes to offshore wind. I wouls say that finance costs rule.


by nb41 on Wed Sep 28th, 2011 at 08:20:28 PM EST
NYPA is a weird beast. It has so much excess power, but it's controlled by politicians. Heck profits from NYPA are even used to subsidize public housing in NYC. The whole enterprise is a bizarre structure that hasn't been reformed in decades. It's hard to get it to do the sensible thing.
by Upstate NY on Wed Sep 28th, 2011 at 09:54:24 PM EST
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