<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/039c5abe-dc78-4374-ade9-41e307a8e945/A7E42198-FAA6-4D0E-ACF4-D9C9DB3123FE/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blockislandtimes.com/bookmark/4076071" href="http://blockislandtimes.com/bookmark/4076071" style="font-size: 11px;">blockislandtimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blockislandtimes.com/bookmark/4076071"><DIV>10/17/09 - National Grid filed an unsigned “power purchase agreement” with the state Public Utilities Commission Thursday that calls Deepwater Wind’s suggested electricity price of 30.7 cents per kilowatt-hour “not commercially reasonable.” It asks the PUC to reject Deepwater’s proposed contract for the “Block Island Wind Farm” — eight turbines off the island’s southeast side.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blockislandtimes.com/bookmark/4076071"><DIV>National Grid’s document, which was mandated to be filed October 15 by state statute, says that Deepwater’s price proposals were “far higher than all expected.” </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blockislandtimes.com/bookmark/4076071"><DIV>According to National Grid, Deepwater priced its electricity at 30.7 cents per kilowatt hour the first year, with escalations of 3.5 percent following each subsequent year. The document says that while Deepwater would take on all the construction risk, National Grid customers would take on all subsequent production and maintenance risk.</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A7E42198-FAA6-4D0E-ACF4-D9C9DB3123FE/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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