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.