Bud's Offshore Energy (BOE)

WSJ: “How many multibillion-dollar projects must go bust before a Governor comes to his senses? The answer is blowing in the wind, but New Jersey’s Phil Murphy doesn’t seem to be listening.”

Ouch!: Note how it’s always the developers that give up on these projects and never the state, despite the awful prospects for ratepayers. Gov. Murphy has treated renewable energy as a sacred cause no matter the costs since 2018. That includes a bill he signed to let Ørsted pocket federal credits it had promised to pass on to customers, though he clawed money back when the projects died.”