Summarizing the Bluewater/NRG Story

Mark Svenvold has written a useful overview of the NRG purchase of Bluewater Wind in his Daily Finance column, including the history of the procurement process in which the two companies competed with Conectiv for the chance to build a new power plant in Delaware. Svenvold is well versed in the history of wind power in Delaware, having written a long piece about Bluewater in the New York Times Magazine last year.
Svenvold touches all the bases, including Aaron Nathan's reporting in the News Journal, the cancer cluster surrounding the Indian River power plant, Allan Loudell's interview with NRG's Drew Murphy, Jeremy Firestone's filings with the Public Service Commission, Willett Kempton's survey of offshore wind resources, and this blog on NRG's pending investment in emissions controls and the economic value of the PPA.

"NRG [is] buying a power purchase agreement that provides 25 years of revenue, which is hard to do in any business," as Tom Noyes explains. "And Delmarva Power is buying 25 years of power at a set price, which is almost impossible to do in the energy business."