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Utility rates to increase in New Jersey following approval of two massive offshore wind projects

New Jersey Board of Public Utilities has told developers not to ask for any rate increases in the future, regardless of circumstances.

The New Jersey Board of Public Utilities has awarded contracts for two massive offshore wind projects that when operational will provide a total 2.74 gigawatts of power when the wind is blowing.

The projects will increase residential electric rates by $.684 per month, according to E&E News, and commercial rates by $58.73 per month. Industrial customers will see an increase of $513.22 per month.

Attentive Energy Two, which is a joint venture between TotalEnergies and Corio Generation, will be constructed approximately 40 miles off the coast of New Jersey and produce 1.34 gigawatts of electricity when winds are high enough to turn the generators.

Leading Light Wind, which is a joint venture between Invenergy and energyRe, is planned 40 miles off the coast of New Jersey and south of Attentive Energy Two. The project will produce 2.4 gigawatts of electricity when winds are high enough to turn the generators.

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8 thoughts on “Utility rates to increase in New Jersey following approval of two massive offshore wind projects”

  1. LIARS! it will be a lot more then that! get ready you maryland losers! you’ll be getting raped! would you like heat and lighting or meds and food? lmao!

  2. Anything is Subject to change …. Especially when a lot of money changes hands… and there is nothing anyone can do about it.

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