Massachusetts Attorney General Wrests Price Cut from Cape Wind. By Beth Daley, BGlobe, July 31, 2010. "The developers of the Cape Wind energy project in Nantucket Sound have agreed to reduce the price of its electricity by 10%, saving consumers at least $456 million over the 15-year span of a proposed contract with National Grid. The deal, negotiated by Attorney General Martha Coakley's office, comes amid deepening controversy over the cost of the 130-turbine project planned for the waters off Cape Cod. National Grid signed an agreement in May to purchase 50 percent of Cape Wind's power at prices more than double the current cost of electricity from fossil fuels -- and higher even than other renewable power. The agreement and attorney general's endorsement is expected to make it easier for the con tract to gain approval from the state Department of Public Utilities, which is reviewing it to see whether it is fair for ratepayers. The agency's signoff is critical for the project to get financing."
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