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Save LBI Challenges BPU Approval Of Atlantic Shores Power Purchase
LONG BEACH – On June 12, Save LBI filed a Petition with the New Jersey Board of Public Utilities (BPU) requesting a formal hearing on its 2021 order approving guaranteed above market prices for power produced by the Atlantic Shores Offshore Wind (ASOW) project 1. The project is proposed to begin construction in 2025 and operate through the period 2028 to 2048.
“The BPU has given Atlantic Shores the sweetest of sweetheart deals at the expense of NJ electric customers and taxpayers,” said Bob Stern, President of Save LBI.
“They have added $7.7 billion to our bills over the 20-year life of the project, for, based on International Science Reports, only a 9-day delay in future sea level rise, while causing irreversible damage to the shore, its economy and marine life,” he added.
The BPU was required by State law to fi nd that the added cost of the wind farm was outweighed by economic and environmental benefits. But despite repeated requests it has not released that cost/benefit analysis, nor any of its financial information that would support these exorbitant rate increases.
“So, we were left with no alternative than to commission our own study and report of the economics of this project,” Stern said.
Edward O’Donnell of Whitestrand Consulting, who prepared the report, said the cost-benefit analysis prepared by the BPU’s consultant is highly flawed.
“It ignores the negative economic impacts of the project on beach tourism and on shore and fishing communities, and on the environmental benefits side uses an unproven model to take credit for a world-wide benefit result, when NJ law says it must use only the State’s benefit.”
“The Report also shows that the developer stands to make a generous 18 to 21% return per year on its investment, not at all a fair balance of fi nancial risks and rewards with ratepayers. This level of return is well beyond the 9% allowed to regulated utilities,” O’Donnell concludes.
The BPU also made its decision before the draft environmental impact statement on the project was out, and failed to consider impacts such audible noise at the shore, the underwater noise impact from turbine operation on migrating endangered whales, condensed commercial and military vessel traffic and navigation safety, and impairment of our defense radar capability.
“These flaws are the basis of our filing to re-open hearings on the Atlantic Shores rate order,” Stern said.
The BPU now has thirty days to consider whether to grant a hearing. Should the Board decline to consider its Petition or provide the requested relief, Save LBI reserves the right to pursue these issues through the courts, as it is doing on other issues involving the ASOW project.
Township Now Offers
Digital Beach Passes And More
LONG BEACH – Long Beach Township has taken a technological leap forward by offering digital beach, recreation and shuttle passes this summer. Beachgoers can now use My Beach Mobile, an app developed by New Jersey natives, to not just purchase, but also display beach badges, recreation and shuttle passes directly from a mobile device. Badges can still be purchased at the Shack on 68th Street using cash, check, or credit card. Seasonal, weekly, and daily beach and recreation passes can be purchased on the app, but only daily passes are digital. You can purchase a seasonal or weekly badge through the app but must pick up a physical badge at the 68th Street shack. Shuttle passes are digital and can be purchased as a single pass or a few at a time that can be used at a later time. Seasonal shuttle passes can be purchased on the app, but the physical pass must be picked up at the 68th St shack. iPhone users, to download the app, go to: apps.apple.com/us/app/my-beach-mobile/ id1471520676.
Android/Google users, to download the app, go to: play.google.com/store/apps/ details?id=com.beach.tag.
More information can be found at mybeachmobile.com.