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Gobbling up the lion’s share of the state’s electric market did not come without a fair share of clamor.
The line would end just south of Middlebury and branch off west to serve International Paper in Ticonderoga, N.Y.
Vermont Energy Partnership report says state faces 31.4 percent “gap” between power demand and guaranteed electricity
Utilities typically leave a percentage of their portfolios open in order to get the best current prices on the market.
According to its statement, with the Vermont utilities, Gaz Metro’s assets are now valued at close to $5 billion.
Time was, not long ago, when the PSB passed expert judgment on utility-structuring and power-purchase agreements solely on the least cost for bringing electricity to Vermont’s consumers.
Digger Tidbits: VELCO bond sale to pay for transmission upgrades; Poll shows Vermonters divided on Yankee, support $21 million cash payback to CVPS ratepayers
VELCO uses a 50/50 debt-to-equity ratio to fund projects. The $120 million bond will allow for $240 million in upgrades.
BROCK LAUNCHES ONLINE PETITION DRIVE URGING GOVERNOR SHUMLIN TO REPAY RATEPAYERS $21 MILLION FOR IMMEDIATE RELEASE May 17, 2012 CONTACT: Randy Brock (802) 230-4450 Montpelier, VT – Vermont gubernatorial candidate Randy Brock (R) launched an online petition.randybrock.com/refund petition drive today urging Governor Shumlin and Gaz Metro to directly repay CVPS ratepayers $21 million owed as part [...]
The disloyal citizen grumbles that the Wizard’s greatest magic is making Vermonters’ hard-earned dollars disappear and then reappear in Canada.
AARP-Vermont is worried that the alternative rate-setting process will limit public scrutiny of Gaz Metro’s plan to recoup $21 million through higher rates.
It’s down to the wire for the Legislature and the Vermont Public Service Board as both zero in on a merger between the state’s two largest utilities.