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Technology Stocks : American Superconductor (AMSC)

AMSC 36.53

-38.3%

Nov 6 3:59 PM EST

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To: Art Bechhoefer who wrote (779)	9/24/2013 5:45:01 PM
From: David C. Burns	Read Replies (1) of 973

Wind power now competitive with conventional sources The state’s biggest utilities, in a milestone for New England’s wind power industry, have signed long-term contracts to buy wind-generated electricity at prices below the costs of most conventional sources, such as coal and nuclear plants. The contracts, filed jointly Friday with the Department of Public Utilities, represent the largest renewable energy purchase to be considered by state regulators at one time. If approved, the contracts would eventually save customers between 75 cents and $1 a month, utilities estimated. “This proves that competitively priced renewable power exists and we can get it, and Massachusetts can benefit from it,” said Robert Rio, a spokesman for Associated Industries of Massachusetts, a trade group that represents some of the state’s biggest electricity users. bostonglobe.com

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