Massachusetts state regulators voted to allow National Grid and Cape Wind to begin contract talks so the utility can tap into the planned offshore wind farm, according to a report in The Boston Herald.
The decision by the Department of Public Utilities (DPU) comes less than a month after National Grid said it would buy power generated by Cape Wind when the project is built.
The DPU is expected to hold a public hearing on the proposed contract before voting on it. Until then, the parties need to determine how much National Grid will pay for the electricity generated by Cape Wind.
The DPU did not return calls seeking comment.
According to the Boston Herald, National Grid has previously declined to enter into purchase agreements with other wind energy firms because that power typically costs more than conventional energy.
SOURCE: Boston Herald