“The enthusiasm for offshore tends to reflect politics and lobbying rather than economics, especially given the U.S. The effect is likely to be smaller than expected.”ĬT-based Eversource to write off up to $1.6B as it sells stake in three offshore wind farm projects “As with all massive projects, this is a case of devil in the details.

“A lot of the attraction assumes that the wind projects will add employment locally,” McCullough said. involves the impending acquisition of a 37-acre waterfront property in that city by a Massachusetts quasi-public agency, while the plans in Rhode Island are for a $70 million shipping and staging area for offshore wind turbines near the mouth of the Providence River in that city’s port area. The two out-of state projects are potential threats to the amount of staging area activity at the State Pier in New London, according to Robert McCullough, managing partner of Oregon-based McCullough Research. New London State Pier could be threatened by new wind power projects in Providence and Salem, Mass. Demand for electricity in that country is growing strongly, and a decline in rain and snow has reduced supply from its hydroelectric power plants, said Robert McCullough of McCullough Research, an energy consulting firm based in Portland, Ore. grids are also struggling because they are importing less power during the winter from Canada. An economist and prominent figure in the energy arena, McCullough has built an illustrious career combing through scores of data to unravel scandals, solve mysteries and deliver laser-sharp analyses. When issues in the energy market need transparency, Robert McCullough (’76) gets the call. Portland State University Alumni Association – KJ Fields The most common response from the traders was that their risk managers did not allow trades in SPP.ĭATA DRIVEN: PSU ALUM FOLLOWS THE NUMBERS TO UNCOVER THE TRUTH In seeking suppliers for a consumer-owned utility, I was surprised that only two of thirty possible suppliers showed interest.

SPP has a reputation for illiquidity, fanciful and volatile prices, and slow settlements. Letter to Clearing Up – NewsData – Robert McCullough Robert McCullough is frequently sought out by media outlets as an expert source.

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