PROVIDENCE, R.I. (WPRI) - Deepwater Wind's initial project will raise state and local governments' electric bills by a combined $1.5 million in its first year, according to documents reviewed by the Target 12 Investigators.
Municipal electric bills will increase by a total of $1 million while state government's bill will rise by $476,630, according to an estimate commissioned by National Grid from Energy Security Analysis Inc. The cost would rise by 3.5 percent every year for the next two decades.
The estimate was included in a document National Grid asked the R.I. Public Utilities Commission to seal from the public view as the panel weighed whether to approve a controversial 20-year contract between Deepwater and Grid. The PUC denied that request, opening the town-by-town breakdown up for public inspection.
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