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

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs