Renewable energy bill gets last-minute overhaul
The state's largest employer, IBM, is a little happier with the new version of the bill. The last-minute maneuvering gave the company a better guarantee that rates won't go up dramatically as a result of renewable initiatives.
Janet Doyle said the company pays $36 million a year in electricity rates. The original energy bill would have driven up costs another $4 million.
May 3, 2012
by Anne Galloway
in VT Digger
It was do or die for the energy bill on Wednesday. After a fight on the Senate floor over the House proposal to expand the buildout of renewable energy projects over the next 10 years, the legislation was on life support by Tuesday night.
The options? The legislation would either pass, die in committee or delay the end of the session.
Wednesday morning a whirlwind of closed door meetings in the governor's ceremonial office, cursory committee testimony and whisperings in hallway ensued.
A handful of lawmakers hammered out a plan with the Shumlin administration in the morning, a lawyer from... [continue via Web link]