Big and small projects ahead for BIPCo in 2022

As National Grid seems to suffer one setback after another in its attempt to rebury a small portion of its Sea2shore transmission cable that runs between Block Island and the mainland, the obvious question becomes: how much is this costing? And how much will it cost Block Island ratepayers?The initial installation cost of the cable was $114 million, but Block Island ratepayers were only saddled with a relatively small portion of the cost, which is being “socialized” throughout Rhode Island. The reburial was estimated to cost another $30 million, but as residents watched NGRID’s comings and goings from the island over the past year, questions about just how much the company was spending – or wasting, became more urgent.At the Block Island Utility District’s meeting on Saturday, Dec. 18, Block Island Power Company President Jeffery Wright had good news. It hadn’t been finalized yet, but he expected that the R.I. Division of Public Utilities and Carriers was poised to cap the amount that NGID could pass onto ratepayers at $144 mllion – the initial cost plus the estimate for reburial.Currently Block Island’s portion of the cable costs ratepayers 8.52 cents per kilowatt hour. On the monthly BIPCo bill

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