The study concluded that the Atlantic Wind Connection (AWC) project offers total benefits of $9-$15 billion, exceeding the estimated $5 billion construction cost. In particular, it would reduce system wide production costs from fossil-fuel fired generation by $1.1 billion per year with a 20-year present value of $12 billion; reduce customer locational marginal prices (LMPs) by approximately $1.6 billion per year (net of offsetting impacts on capacity market prices), with a present value of $17 billion; and, support between 130,000 and 260,000 full-time-equivalent (FTE) years of employment.
An Assessment of the Public Policy, Reliability, Congestion Relief, and Economic Benefits of the Atlantic Wind Connection (AWC) Project- Executive Summary
Atlantic Wind Connection (AWC) Companies
Tuesday, December 21, 2010