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May 2005 - The Cape Light Compact, an aggregator serving 185,000 residents of the 21 towns in Cape Cod and Martha's Vineyard, is now offering two green power purchase options to its members.
Under the Cape Light Compact Green program, customers can purchase 100% of their electricity from renewable energy sources including run of the river hydro (75%), landfill gas or wind (24%), and solar (1%) for 8.9¢/kWh, or a premium of 1.768¢/kWh over the Compact's standard electricity product. Alternatively, customers can choose a 50% renewable energy option for 8.3¢/kWh, which represents a premium of 2.336¢/kWh for the green power portion. Initially, 25% of the product will come from "new" renewable resources.
A portion of the renewable energy premium can be deducted from federal taxes. Additionally, the state will match up to 75% of the premium to provide funds for community-based renewable energy projects and similar initiatives for low-income residents across the state.
News Article - Feeling the power of 'Green' - No longer online at www.capecodonline.com/cctimes
Cape Light Contact: Kevin Galligan kfg@cape.com
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