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Offshore wind the right investment for Maine Print E-mail
Public Utilities Commission Chairman Thomas Welch listed Maine’s “daunting geologic, geographic and demographic challenges” when discussing the price of energy at a recent Portland Chamber of Commerce breakfast.

Maine does not sit atop coal, gas or oil reserves, Welch noted. We don’t have huge dams built and run by the federal government. “We like to live a long way from each other,” he said, making the cost of infrastructure and transportation high. And, he concluded, “it can be very cold up here for a long time.”

The high cost of heat and electricity ships billions out of state every year and puts our industry at a disadvantage. Reducing the costs of heating, lighting and operating equipment should be a major goal of state policy and crucial to our economic future. But with that end in mind, the state should be willing to take on a small increase in electric rates if it would do something in the long run about our energy disadvantages. The Maine Aqua Ventus offshore wind project is such an opportunity.

Courtesy of Portland Press Herald. Read more here.
 
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