ATLANTIC CITY, N.J. (AP) — A New Jersey company is appealing the state's rejection of its plan to build a wind farm off the coast of Atlantic City.
Fishermen's Energy filed an appeal Monday with the state Board of Public Utilities, saying the agency erred when it rejected the plan last month.
The company claims the BPU vastly overestimated the price of electricity the windmills would produce. Fishermen's Energy claims the board reviewed a price of $263 per megawatt hour, but its real price is $199.
One of the board's main reasons for rejecting the $188 million proposal was its contention that it was too risky for ratepayers.
Chris Wissemann, the company's CEO, said Fishermen's Energy is appealing the denial "to clarify a number of apparent misunderstandings and misinterpretations of the record."
The board did not immediately respond to a request for comment Tuesday.
It rejected the plan to build a windmill farm three miles off the state's southern coast, deciding it placed too much potential risk of soaring electric bills for ratepayers. The proposal's five turbines would have generated about 25 megawatts of electricity, but depended on a mixture of subsidies and federal grants to make sure ratepayers didn't get stuck with sky-high bills.