I’ll try to dig up the reports I was reading. They were from a variety of sources but one key report was an offshore wind report the Dept of Energy publishes. In particular, an offshore NY lease went ballistic, but they are all bringing in high bids.

Seeing this, and worried that these costs would be passed on to consumers (naturally), the auctions coming up in the mid Atlantic ( Carolina’s? Va? ) are trying to build in some protections and the DOE mentioned a rule change.

The end result is all the other offshore wind will protect consumers more than ours will.

Now, seeing the auction prices, which would reflect intense interest to get in on these projects, Eversource decided to sell its stake in our new offshore farm, the one that will be staging construction at the state pier in New London. They want to cash in. I am really concerned how that will impact consumers too. I’m actually planning on organizing the information and sending a letter to state officials about the proposed sale so they can ensure consumers don’t end up paying more because of that. Whoever buys it will pay more than Eversource put into it - making money on the deal is why Eversource wants to sell. I think we should get it somehow from Eversource, if we can but that’s probably a pipe dream. At the very least, Eversource should be forced to address this question and the AG and Pura, and legislators see what they can finagle to keep it from costing us more. Whoever buys it will want to make that money back.

Edit: it’s possible, maybe, the state can dictate some terms into any sale by Eversource as to how the future owner prices it’s kWhs so that we don’t get the brunt - what costs it can pass on. I don’t know