The report evaluates the merit of several short- and long-term initiatives for Maryland's energy resource future. The reference case involves the least-cost addition of a gas turbine peaking plant and/or new gas-fired combined-cycle plant. Using the NRG BlueWater offshore Delaware project as a proxy for the economic benefits associated with offshore wind, the report concludes that the high cost of building and operating offshore wind is unfavorable, particularly in relation to onshore wind projects in Maryland or elsewhere in the PJM region. Marylandﾒs investor-owned utilities' share of the total direct project costs would amount to $1.3 billion, about 60% of the total project costs. Project benefits amount to $1.04 billion. The project's economic value-added (EVA) is negative $198 million.