Google’s Wind-Power Project Draws Opposition on Return Guarantee
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A Google Inc.-backed effort to build a $5 billion undersea power line supporting wind energy from New Jersey to Virginia faces opposition from state officials and utilities.
The Maryland Public Service Commission and the National Rural Electric Cooperative Association are among those questioning Atlantic Wind Connection’s request that the Federal Energy Regulatory Commission approve incentives to build the project, including a guaranteed 13.58 percent return on equity for its development.