Fishermen's Energy, the Cape May firm that pushed for a wind farm off Atlantic City, says the state Board of Public Utilities used an incorrect calculation when it rejected the project.
The board unanimously voted down the project Wednesday, citing concerns that it would increase utility costs for residents.
According to Fishermen’s Energy, the proposed price for electricity was $199.17 per megawatt hour versus the BPU’s cited price of $263 per megawatt hour.
“Fishermen’s hopes that despite the decision yesterday, the BPU will eventually review all the evidence before the board and understand that the package offered by Fishermen’s is a strong, financially sound and economically beneficial proposal and should result in an eventual approval,” said CEO Chris Wissemann.
Representatives from the board did not respond to requests for comment Thursday.
The project would have included five turbines about three miles off Atlantic City with a combined output of 25 megawatts. Atlantic City had issued an easement for the project in 2011, but Fishermen’s application had awaited a decision by the state for more than three years.
According to Fishermen’s, it would have created more than 400 jobs and brought in $150 million in capital to the state.
“This project offers (New Jersey) the opportunity to build on a small scale, in full compliance with the statute, in advance of full commercial-scale projects,” Wissemann said.
Paul Gallagher, Fishermen’s COO and general counsel, said the company would next turn to the courts.
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