Vermont Told Not to Purchase Hydroelectric Dams

By Editors of Power Engineering

A study commissioned by Vermont recommended the state should not try to purchase 13 hydroelectric dams on the Connecticut and Deerfield rivers from TransCanada.

Instead, the HydroPower Acquisition Working Group concluded the state should find ways to work with the future owner of the dams to purchase electricity, The Associated Press reported.

TransCanada acquired the dams in 2005 from USGen New England. The company hopes to sell the dams to finance a pipeline purchase.

The state originally considered purchasing the dams over a decade ago, and TransCanada recently indicated it is trying to sell their U. S. power generation facilities.

However, state officials have said the purchase price of $800 million to $1.2 billion was too expensive. The report by HydroPower Acquisition Working Group concurred.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...