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Offshore wind alliance urges part of 'Morstead' settlement funds be steered to industry, workforce and supply chain
Summary
Paulina O'Connor of the New Jersey Offshore Wind Alliance asked the board to reinvest a portion of the stated $125,000,000 Morstead settlement into offshore wind supply-chain development, workforce training and related programming, saying those investments would yield long-term economic and energy benefits.
Paulina O'Connor, executive director of the New Jersey Offshore Wind Alliance, told the Board of Public Utilities the state should dedicate a meaningful portion of settlement funds from "Morstead"—stated in her remarks as 125,000,000—to offshore wind initiatives.
O'Connor said federal and market challenges have slowed projects along…
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