SELCO board approves 25-year Vineyard Wind deal

Other Committee · Meeting of September 22, 2026

SHREWSBURY — SELCO board votes 5-0 to lock in a 25-year Vineyard Wind power deal. Director of Finance and Administration Jim Zocco reported first-quarter electric expenses ran 12 percent above plan after a cold snap drove fuel costs up $1.3 million year over year, though second-quarter net income hit $1.9 million, 56 percent above plan. The board elected Bob Holland chair, Mike Ruffalo vice chair and Tony Trippi secretary, then authorized the general manager to sign a 25-year agreement for roughly 20 percent of the built Vineyard Wind project's output at a fixed price.

Staff reported a substation transformer failure was patched with a spare unit borrowed from National Grid plus a $1.5 million insurance payout, fiber now covers 69 percent of broadband customers, and a Dean Park public Wi-Fi pilot is expected before winter. "We had an extremely cold December through February," Zocco said of the cost spike.

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Source: the Other Committee meeting of September 22, 2026, reported from the official video recording and transcript.