Recently, our country has moved towards greater energy independence, reducing our nation’s reliance on foreign energy sources. I believe we must build on this progress by promoting sensible solutions including a mix of traditional fuels and renewables such as wind and solar.
From the beginning, I have opposed Cape Wind because it is not a sensible solution. Not only is its proposed location in Nantucket Sound irresponsible but the subsidies and rate increases required to make the project competitive with more traditional energy sources are unjustifiable. Massachusetts utilities are being required to purchase electricity from Cape Wind at triple market costs, forcing ratepayers to pay $3 billion more in added costs over the next 15 years. This subsidy cannot be justified at a time when energy costs remain high for residential and business consumers.
The debate over the development of Nantucket Sound is an important one and should continue, not only for the sake of our ocean but for everyone who will be burdened with higher costs.