in News Departments > New & Noteworthy
print the content item

Fishermen's Energy has filed an appeal with the New Jersey Board of Public Utilities (BPU) and wants the regulators to reconsider what the developer calls "a number of apparent misunderstandings and misinterpretations of the record."

In March, the BPU issued an order rejecting the Fishermen's application for a 25 MW offshore wind demonstration project to be located off the coast of Atlantic City.

The BPU's approval would have allowed Fishermen's to use New Jersey's offshore renewable energy certificates (ORECs), but the regulators ruled that the project would cost ratepayers too much. However, Fishermen’s claims the BPU staff mistakenly based the decision on a $263/MWh OREC price when the actual proposed price was $199.17/MWh.

Chris Wissemann, CEO of Fishermen’s Energy, says this alleged misreading of the record “suggests that the board’s decision is inappropriate.”

Fishermen’s was one of seven offshore wind developers to receive a $4 million grant from the U.S. Department of Energy (DOE) in 2012, and despite the BPU ruling, the company says it is still competing for a $47 million follow-up grant.

Wissemann calls the BPU appeal “another step on the path toward an eventual approval of the project consistent with creating jobs and capturing other benefits.”


Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.

Renewable NRG_id1934
Canwea_id1984