I think this may be first time I've ever heard a dispute between a utility and a regulator where the utility seemed to be in the right... Maybe I'm missing something?
Maybe law makers want to obstruct a company or out of ideologically aka. political reasons push back against renewables.
Or this wind park maybe a trick from Dominion, to cash in subsidy and practically abbadon the plant after. Like other mega projects with public partnerships in the past became.
Unfortunately, the article does not illuminate the law makers reasoning.
The lawyers for the various environmental groups, otherwise highly supportive of offshore wind, have read all those secret documents. Having read them, they endorsed a significant performance standard with financial penaltiesThis ignores that risks can be insured. If your risk isn't insurable, your pricing, costs, etc. are probably out of whack. In this case, it seems more like Dominion was expecting to cash in on subsidies in a classic "socialize risk, privatize profit" move. When the conditions around that changed, they got pouty.