![]() On Monday, a spokeswoman, Alexandra Altman, said Murphy's administration “is evaluating Orsted's recent statements and correspondence, and will take any and all actions necessary to ensure Orsted honors its commitment and responsibility to the state.” He said his administration would hold the company accountable to its cancellation obligations. Phil Murphy, a Democrat, reacted angrily. On the evening that Orsted canceled its two large projects in New Jersey, Gov. In the agreement, Orsted and the state agreed not to sue each other over any dispute unless they tried and failed to resolve it through negotiations. It was not immediately clear what will happen next. Neither Orsted nor the BPU immediately responded to requests for comment Monday. ![]() The company said it has transferred $200 million to an escrow account with the state thus far. “The Board has not issued a final approval of the Compliance Filing,” Orsted wrote in a letter to the utilities board, saying it was withdrawing from the agreement “due to changed circumstances.” The company said it was doing so because the board had not taken final action to approve the agreement. The next day, Orsted wrote to the New Jersey Board of Public Utilities, saying it was withdrawing from an agreement it signed with the state under which it would forfeit the money if it did not build Ocean Wind I.
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