New Jersey governor signs tax break for Orsted's offshore wind farm
New Jersey Gov. Phil Murphy has signed a bill giving a tax break to Danish offshore wind developer Orsted for the first of two energy projects it plans to place in the waters off the Jersey Shore.
"The bill allows Orsted to keep federal tax credits that it otherwise would have been required to pass along to New Jersey utility ratepayers. Lawmakers who narrowly approved the bill last week said the aid was needed to help Orsted deal with inflation and the lingering effects of the COVID-19 pandemic."
HEADLINE: NEW JERSEY GOVERNOR INCREASES UTILITY RATES
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