CAPE WIND A GREAT BARGAIN

New Study: Cape Wind Will Reduce Regional Electricity Prices by $4.6 Billion
February 10, 2010 (Business Wire via Market Watch)

"Cape Wind will reduce wholesale electric prices for the New England region by $4.6 billion over 25 years, according to a new report…"

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["Analysis of the Impact of Cape Wind on New England Energy Prices by Charles River Associates] found that Cape Wind will place downward pressure on the wholesale clearing price of electricity by reducing operations of higher priced and polluting fossil fueled units. This will result in average savings of $185 million per year in New England…

"The project will also create 600-1,000 clean energy construction jobs and 50 permanent jobs as it becomes America's first offshore wind farm. Cape Wind has been undergoing a comprehensive review by 17 Federal and State agencies over the past eight years with each succeeding environmental report giving it a very positive review…"

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"Cape Wind's proposal to build America's first offshore wind farm on Horseshoe Shoal would provide most of the electricity used on Cape Cod and the Islands from clean, renewable energy - reducing this region's need to import oil, coal and gas. Cape Wind will create new jobs, help stabilize electric costs, contribute to a healthier environment, increase energy independence and establish Massachusetts as a leader in offshore wind power…"