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Md. Utility Panel Revises Offshore Wind Costs

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ANNAPOLIS, Md. (AP) — Maryland’s Public Service Commission is saying a plan to make state utilities buy offshore wind energy will not cost ratepayers as much as some had feared.

The average homeowner’s electric bill would jump between 92 cents and $3 a month under Gov. Martin O’Malley’s offshore wind proposal, members of the PSC wrote in testimony to Maryland lawmakers.

The Senate Finance Committee is set Tuesday to consider O’Malley’s plan that would mandate utilities sign on to 25-year contracts to purchase electricity generated by offshore wind turbines.

Lawmakers have raised concerns about estimates that Maryland homeowners could pay as much as $9 more each month under the proposal.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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