Regulators Approve Green Mountain Power’s Vermont Wind Project
Posted on Jun 1, 2011 in Renewable Energy | Comments Off on Regulators Approve Green Mountain Power’s Vermont Wind Project
The Vermont Public Service Board approved Green Mountain Power’s proposed 63-megawatt wind facility in Lowell, Vermont. The project, which will be comprised of 21 turbines, is a joint project between Green Mountain Power and Vermont Electric Cooperative. Read more about the project here.
Vermont Electric Cooperative to Vote on Kingdom Community Transmission Upgrade
Posted on May 24, 2011 in Project Development | Comments Off on Vermont Electric Cooperative to Vote on Kingdom Community Transmission Upgrade
The Vermont Electric Cooperative has announced that it plans to hold a vote in July on a transmission line upgrade required for the Kingdom Community Wind project in Lowell, Vermont. The vote will only occur if the Public Service Board has issued a certificate of public good for the $150 million project by that time. The transmission line upgrades will cost an estimated $10.8 million....
Vermont Coop Rejects Nuclear Power Deal
Posted on Apr 28, 2011 in Corporate Governance, Permitting | Comments Off on Vermont Coop Rejects Nuclear Power Deal
The board of directors of the Vermont Electric Cooperative rejected a deal on Tuesday to purchase power from Entergy Corp’s Vermont Yankee nuclear power plant citing sufficient supplies to service customers for the near-term. The power plant faces a March 2012 shutdown date unless the state legislature renews the plant’s operating license or Entergy can win a legal battle...
Vermont Bill May Make “Net-Metering” More Attractive
Posted on Apr 13, 2011 in Rates, Renewable Energy | Comments Off on Vermont Bill May Make “Net-Metering” More Attractive
A bill has just passed the Vermont House that would provide greater financial incentives for net-metering. Vermont’s net-metering program lets residents and businesses generate their own power using grid-connected systems and, when necessary, tap into electricity from the local utility, Vermont Electric Cooperative. When excess power is produced, residents can send it back into the...
Vermont Coop-Nuclear Deal Not a Guarantee
Posted on Apr 1, 2011 in Legislative & Politics, Project Development | Comments Off on Vermont Coop-Nuclear Deal Not a Guarantee
The proposed power purchase agreement between Entergy Corp. and Vermont Electric Cooperative Inc. as posted Thursday on the Coop Law Blog is not a done deal. The cooperative’s board must first approve the 20-year contract, which provides an initial rate of 4.9 cents per kilowatt-hour and board members are worried about the reliability of the Vernon nuclear power plant. The board...
Coop-Nuclear Deal May Not Save Vermont Plant
Posted on Mar 31, 2011 in Legislative & Politics, Project Development | Comments Off on Coop-Nuclear Deal May Not Save Vermont Plant
Entergy Corp. has reached a potential deal with Vermont Electric Cooperative Inc., Vermont’s third-largest electric company, to purchase power from the Vermont Yankee nuclear plant under a 20-year contract. The move came after Entergy was unable to sell the plant or reach similar purchase agreements with the state’s largest utilities. The terms of the Vermont Electric deal...
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