What is the cost of the project and who is responsible for construction, transmission cable, landside operations and decommissioning?
The total cost of the Long Island Offshore Wind Park has not been finalized. The selection of the wind turbine manufacturer, foundation manufacturer, cable supplier, and construction contractor is still being determined. Future commodity prices such as steel are also an important factor of final cost determination. LIPA believes that the Project would be competitive with other generation options because of the elimination of the risk exposure associated with fossil fuel prices into the future. The Long Island Offshore Wind Park, LLC, a wholly owned subsidiary of FPL Energy, would be responsible for all costs associated with constructing, operating and maintaining the Wind Park including the wind turbines and towers, offshore electrical substation platform and the turbine collector cables and 138 kilovolt transmission line beyond three nautical miles from shore. LIPA would be responsible for constructing, operating and maintaining the 138-kilovolt cable from the existing Sterling Substa
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