Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.
This week, Dave and Mark talk with National Grid spokesman David Graves. They go over the permitting process of stringing new power lines around the island, and why a growing hunger for juice has forced the utility to upgrade.
When to Listen
You can hear The Bottom Line each Friday at 5:50pm.
The Block Island offshore wind farm will produce more power than originally expected, said Deepwater Wind CEO Jeff Grybowski at an open meeting before the state's Public Utilities Commission. The company expected the wind farm to produce 40 percent of its total maximum power. But since the company proposed the project, advances in turbine technology have bumped up the wind farm’s projected efficiency.
The state’s Public Utilities Commission will be brought up to speed today on the status of the Block Island wind farm project. As Rhode Island Public Radio’s environmental reporter Ambar Espinoza reports, Deepwater Wind and others will offer those updates.
In a packed hearing room, the state’s Public Utilities Commission listened to testimony for much of the day on National Grid’s proposed 24 percent rate hike.
The increase would kick in January 1st, how long it will last is another matter. The PUC heard testimony both for and against stretching a lower rate out over twelve months as opposed to the requested six months.
Residents will get a chance Tuesday to tell the state’s Public Utilities Commission how they feel about a proposed 24 percent rate hike from National Grid. If approved, the rate hike would kick in on January 1st .
National Grid is asking the state’s public utilities commission to clear the way for a nearly 24 percent rate hike. The utility estimates that will add nearly $21 to the average residential customer bill.
Gov. Lincoln Chafee and other leaders have gathered at Slater Mill in Pawtucket this afternoon for a ceremonial signing of the Affordable Clean Energy Security Act, an energy bill the governor signed into law earlier this summer.
The act gives Rhode Island an opportunity to work with other New England states to address volatile electricity prices. Last winter, the New England region spent $5 billion in energy costs, nearly as much as the region spent for the entire 2012 calendar year.
New Englanders spent $5 billion in electricity last winter, compared to $5.2 billion for all of 2012. That's why each of the New England states has introduced legislation in their respective states to address the problem of rising electricity prices. But environmental advocacy groups are worried this regional collaboration would promote unnecessary natural gas projects.