Reply #7: Nice try slick.

[kristopher]

However Cape Wind has, from the beginning, planned the project with the intent of selling into the spot market for electricity. While they may have cast a net for power purchase agreements to see what was available, they DID NOT predicate the project on selling into that market.

I'm also impressed by your use of vague and incomplete information to attempt to create a false impression that offshore wind power is somehow a rip off of the tax payer. It isn't true, and I don't doubt that you already know that. But good try nonetheless. All energy infrastructure has to start somewhere. This project is being developed strictly with private funds that are and have been more than willing to build the project since 2003. All price inflation since that time can be laid squarely at the feet of those doing the bidding of companies like Phelps Dodge Minerals Mining Company (their long time CEO is titular head of the astroturf opposition group) and a few wealthy homeowners who don't want to have to steer their yachts around turbine towers spaced 1/2 mile apart.

It is also worth noting that similar projects offshore Delaware, NJ, and RI have been initiated in much less favorable ocean conditions (read that more expensive to build and operate the facilities) than Cape Wind would enjoy. In fact, of all the locations in US waters, it is highly unlikely there is a better location than Nantucket Sound.