Who, in their right mind, believes it is a good deal for a school to sign a 25 year agreement to pay $0.155/kWh for electricity? And, then the community/taxpayers will pay the difference if rates fall below that level? AND, the turbine company is ensuring that they purchase a minimum amount of electricity over time? WOW! Could this community be any more gullible and uninformed?…If you question this logic, look at your own electricity bill; mine is BELOW $0.07/kWh….
Only a few more steps remain before the town formally enters an agreement with Wind Energy Development to replace its broken turbine….
Portsmouth voters approved a $3 million bond to build the turbine in 2007 and it broke in 2012….
The deal will require the town buy at minimum 3.8 million kW/hr from WED per year, which means the school district is a needed partner. Town and school officials have been meeting over the past few weeks over the possible terms of the arrangement. School officials have been pushing for a promise that if rates go below the fixed .155kWh rate in the deal, the town would pay the difference to the schools.…