Cost impact is expected to be less than $1.40 a month for the average residential customer
Well, now how about that? "States farther east" building their own renewable generation, in their own backyard, and paying for it themselves. Bravo!
Sure looks cheaper than spending $10B on honkin' big new transmission lines to import "wind" from the Midwest.
And guess what?
The PSC said the two projects are expected to yield more than $1.8 billion of in-state spending. The agency says the projects are estimated to create nearly 9,700 new direct and indirect jobs and contribute $74 million in state tax revenues over 20 years.
The PSC's decision is contingent on approval by the federal government of the developers' site assessment plans, as well as construction and operations plans.
The plan includes a focus on developing port facilities in the Baltimore area and Ocean City. It calls for developers to invest at least $76 million in a steel fabrication plant in Maryland and at least $39.6 million for upgrades at Baltimore County's Tradepoint Atlantic shipyard, formerly Sparrows Point.
Commissioner Michael Richard said the wind farms will "enables us to meet our clean, renewable energy goals using energy generated within the state while conditioning our approval on holding project developers to their promises of creating jobs and spurring economic growth."
Sure beats the hell out of Clean Line Energy's plan to create economic development in Iowa and Kansas by building new terrestrial wind farms and ginormous electric transmission lines for thousands of miles that they expect Marylanders to use and pay for. Why would Maryland want to ship all its energy dollars to other states to create economic development somewhere else? Does that make sense, when local keeps it all in-state?
Win, win, win, Maryland!