Rhode Island Utility Rejects Proposed Offshore Wind Project

July 20, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Rhode Island Energy, the state's largest utility company, said Tuesday it would not move forward on a long-term power purchase agreement (PPA) with Orsted A/S (Fredericia, Denmark) and Eversource Energy Incorporated (NYSE:ES) (Boston, Massachusetts and Hartford, Connecticut) for the companies' Revolution Wind II joint offshore project. The utility said the proposal was too costly for customers.