Vermont study says no to purchase of hydroelectric dams

By The Associated Press

A study says the state of Vermont should not try to buy a series of 13 hydroelectric dams on the Connecticut and Deerfield rivers.

 

MONTPELIER, Vt. (AP) — A study says the state of Vermont should not try to buy a series of 13 hydroelectric dams on the Connecticut and Deerfield rivers.

But the report issued by the group that studied the purchase of the dams from energy giant TransCanada says the state should look for ways to work with the eventual owner to buy electricity produced by those dams in the future.

More than a decade ago, the state considered buying the dams. That interest was rekindled in March with TransCanada said it was trying to sell power generation facilities in the northeastern United States.

The report, released Tuesday, said the short-time frame for preparing a bid, the cost of the dams and costs associated with preparing a bid made it unfeasible.

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

Storm Impact Analytics for Utilities

In recent years, increasingly volatile and extreme weather events have significantly impacted the...

Reach New Heights: Six Best Practices in Planning and Scheduling

These 6 best practices have created millions of dollars in value for many global companies. Learn...

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Latest Energy Jobs

View more Job Listings >>