- Associated Press - Tuesday, November 24, 2015

MONTPELIER, Vt. (AP) - In a story Nov. 23 about cost overruns in a pipeline expansion project, The Associated Press reported erroneously on who could end up paying the full cost. It would be Vermont Gas ratepayers, not taxpayers.

A corrected version of the story is below:

Board to decide if natural gas pipeline is in public good

Board to decide if $154M natural gas pipeline is still in public good

MONTPELIER, Vt. (AP) - A deadline imposed by Vermont Gas Systems Inc. could potentially threaten the future of the company’s 41-mile natural gas pipeline.

The Rutland Herald reports (https://bit.ly/21chqJq) the deadline is part of the company’s memorandum of understanding with the Department of Public Service.

Vermont Gas’ agreement with the department limits the cost of the Addison County Natural Gas Pipeline to ratepayers at $134 million. The overall cost is about $154 million.

Officials say the Public Service Board granted the company a certificate of public good in 2014, when the project costed $86 million.

If the board doesn’t decide by Jan. 8 whether the certificate will stand, the MOU and the ratepayer cost cap would be void, leaving ratepayers to potentially foot the entire bill.

The first hearing is scheduled for Dec. 1.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide