Section 69 Offshore Wind Procurement Pricing

Notwithstanding subsection (b) of section 83C of chapter 169 of the acts of 2008, inserted by chapter 188 of the acts of 2016, the department of public utilities shall not approve a long-term contract for offshore wind energy generation that results from a subsequent solicitation and procurement period if the levelized price per megawatt hour, plus associated transmission costs, is greater than or equal to the adjusted levelized price per megawatt hour, plus transmission costs, that resulted from a previous procurement; provided, however, that the department shall adjust such procurement's price for the availability of federal tax credits, inflation and incentives; and provided further, that the adjusted levelized price shall not include mitigation efforts that, where feasible, create and foster employment and economic development in the commonwealth.