At the end of the day, electricity generated from offshore wind has to be paid for from consumers’ electricity bills. When those rates aren’t high enough to justify the huge investment required to get an offshore wind farm up and running, developers walk away as underscored by BOEM’s failed Texas offshore wind lease auction and the U.K.’s failed contracts for difference auction. Those were auctions for new wind farms. Now, following a New York State Public Service Commission ruling, some...