Abstract
On February 7, 2019, under the Affordable Clean Energy and Security Act (“ACES”), The Narragansett Electric Company d/b/a National Grid (“National Grid”) filed with the Public Utilities Commission (“PUC” or “Commission”) a Power Purchase Agreement (“PPA”) between National Grid and DWW Rev 1, LLC (“DWW”). In the filing National Grid and DWW are seeking approval of a twenty-year (20) PPA under which National Grid will purchase 100 percent of the energy and environmental attributes associated with DWW’s 400 megawatt (“MW”) offshore wind facility (“Revolution Wind”). The purchase price for energy and renewable energy certificates is $0.098425 per kilowatt hour (“kWh”). National Grid is also seeking approval of financial renumeration of 2.75 percent of the annual payments under the PPA. On February 13, 2019, pursuant to R.I. Gen. Laws § 39-31-6(a)(1)(vi)(B), the PUC provided notice to the Rhode Island Department of Environmental Management (“DEM”) of National Grid’s filing and the requirement to file an advisory opinion in this docket. Pursuant to R.I. Gen. Laws § 39-31 6(a)(1)(vi)(A)(I), DEM is required to provide an advisory opinion “on the expected greenhouse gas emissions and statewide environmental impacts resulting from the proposed contract(s).”