Offshore winds stop along Virginia coast – Watt?

Steve Haner

When your friend thinks you are wrong and your opponent is saying good things, it may be orderly to reassess your position. Have done it. Thomas Jefferson’s Public Policy Institute puts Virginia’s energy taxpayers first and says that this is still true about the financial harm that could be suffered if the wind turbine project is cancelled.

Dominion Energy Virginia's offshore wind project, currently priced at $10.7 billion (excluding decades of profits), is about half. Calls for pause and cancellation, which was sent by a coalition of wind rivals from multiple states. President Donald Trump's executive order calls for review of pending projects, but apparently did not suspend Dominion and three other projects already under construction.

The Thomas Jefferson Institute for Public Policy was invited to sign a petition to suspend everyone, but nothing. It then explains the reasons to the Virginians, mainly to ensure they fully understand that any cost and other financial impact of cancellations may fall entirely on them. This is the report we made and also linked to a letter sent to Trump’s Interior Department.

There was a little explosion on the right, which didn't lock us up, but didn't give. We have no objection to the basis of the petition on the internal affairs, and complaints supporting Fengfeng approval may be entirely valid for how President Joe Biden’s team is for the system. Concerns about harm to marine mammals may be completely effective.

Next was a round of applause on the left, which was largely uncontrollable. The article appears in a publication that appears to be a promoter of wind energy, delighting the obvious rift of offshore wind skeptics. The author summarizes Thomas Jefferson College with Heritage Foundation and 2025 Project. We didn't help. She focused us in a major simplification in the “all above” boot camps, as the pipelines about hydrogen and carbon capture are often included.

The decision on how to use half or half-finish the project is an economic call. Yes, as I told reporters (she didn't quote me), there was too little wind at sea. But canceling it now or soon will pose the following risks to Dominion’s 2.6 million Virginia customer accounts:

• To date, the cost of stranding the project, which was approximately $6 billion by the end of 2024, plus any cancellation fines from suppliers and the cost of deleting completed work.
• Under Virginia’s Fantasy Virginia Clean Economy Act, the project will create about 80 to 10 million annual renewable energy certificates for retirement. Cancel it (or should fail as much as possible), and taxpayers will have to pay or pay “underpayments” for many of the revenue elsewhere (also known as alternative compliance fees.)
• 2.6 The gigawatt project sometimes works well. Dominion is still facing a rising wave of demand due to the data center explosion, so power must come from elsewhere. Similarly, the Virginia Clean Economy Act excludes the most logical alternatives to hydrocarbons.

The triple blow to Dominion’s clients was obvious before the letter to Trump’s Interior Department began to circulate to get a signature. Recognizing this, we have no regrets about sending rocket notifications and keeping decision makers cautious and then slamming the population that has already paid too much for electricity. Dominion’s projects are the only ones owned directly by utility companies, thus putting taxpayers at this risk.

While this may be the right economic call to complete the first dominance project (and can prove that there is another analysis), Dominion planned two more plans, and both were suspended from review by Trump’s executive order. These leases are at risk. Killing them seems to be the best move for Virginia taxpayers at the moment.

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