Legislators demand accounting of wasted Orsted cash

To the surprise of no one?

Orsted and the Murphy Administration are about to go to war over $300 million in the wake of the foreign-owned company’s decision to back out of two offshore wind projects.

Republican legislators say that’s only the tip of the iceberg despite the dishonest insistence of Murphy allies and mouthpieces that the state is coming out of this debacle in a neutral financial position.

“Governor Murphy and Trenton Democrats must account for all the money that has been squandered on their failed extreme energy policy,” said Anthony Bucco (R-25), the GOP Senate leader. “By turning a blind eye to the warning signs that this program was failing and continuing to rush the process along, Murphy and the BPU failed to close the deal, and now the State risks losing $300 million. It’s like Governor Murphy is playing checkers while Orsted is playing chess.”

“Taxpayers shelled out almost $1 billion for infrastructure to support wind farm owners who then walked away. An additional billion would have been wasted in tax credits for Orsted, which they thankfully won’t be getting – so we’re told,” added Senator Mike Testa Jr. (R-1) who represents Cape May County. “There were also lots of other weird taxpayer funded projects like $5 million for a wind institute. That’s like taxpayers paying for an arena and a propaganda arm for a sports team owner who went elsewhere. Governor Murphy wants us to believe that taxpayer money wasn’t wasted because he got played.”

Senator Testa’s right… there’s more to know.

In case you missed it, check out Alex Zdan piece on the Salem Wind Port and the taxpayer dollars flushed down the toilet on that particular facet of the larger wind boondoggle.

Matt Rooney
About Matt Rooney 8537 Articles
MATT ROONEY is SaveJersey.com's founder and editor-in-chief, a practicing New Jersey attorney, and the host of 'The Matt Rooney Show' on 1210 WPHT every Sunday evening from 7-10PM EST.