An employee of the Hardwick Electric Department embezzled $1.26 million from the utility during the years the firm Kittell, Branagan & Sargent, Ltd. did the annual audits, according to a lawsuit.
Lawmakers raise cap on renewable energy projects and allow Efficiency Vermont to underwrite heat pumps.
The measure would raise the amount of energy utilities would have to include in the program from 4 percent to 15 percent of its peak demand from the previous year.
The measure would raise the cap on how much of a utility’s energy demand could be taken up by renewable projects. It’s seen as a bridge to a scheduled makeover of the program in 2017.
Vermont Yankee dominated headlines, but caps on net metering and anti-wind sentiment also captured the public’s attention.
State’s second-largest utility would cut net-metering credits from 20 cents per kilowatt-hour to 12.5 cents for 10-year contracts.
Washington Electric is the latest utility to hit the cap on net-metering projects. Advocates say the program is working as designed.
The question now being raised is whether a utility can continue to reimburse customers at a higher rate, after hitting the 4 percent threshold.
Tensions rise as credits for solar cut into utility budgets; VEC is the third utility to hit 4 percent cap
Some small utilities want to change the funding arrangement because they say it kicks the cost of maintaining the grid to other customers.
News Release — Hardwick Electric June 21, 2013 The Board of Commissioners of Hardwick Electric Department has selected Mike Sullivan to become HED’s new General Manager, effective June 24. Mike will take over management of the municipal utility from Eric Werner, who is retiring at the end of June after 10 years as manager. Mike […]
Hardwick Electric won’t accept new projects, saying lost revenue leaves it short on maintenance funds. Lawmaker says problem can be fixed.