The state Public Service Board has fined Vermont Gas Systems $100,000 for its slowness in reporting the first of two big cost increases on its pipeline project to extend its system from northwestern Vermont south to Addison County.
The president of Vermont Gas Systems is telling skeptical state regulators that the current cost forecast for a pipeline expansion in western Vermont is accurate now, even though its price tag already has gone from $86 million to nearly $154 million.
After cost increases scuttled plans for a natural gas pipeline beneath Lake Champlain, International Paper's Ticonderoga mill has signed a contract with Colchester, Vermont based NG Advantage to deliver compressed natural gas by truck.
Vermont Gas Pipeline cost overruns were the subject of a Public Service Board meeting earlier this week. The regulatory board is determining whether the company violated regulations by delaying notice to state officials about the rising costs.
The Vermont Fuel Dealers Association, which represents the state’s oil heat industry, is questioning whether continuing work on a natural gas pipeline makes economic sense, now that one phase of the project has been canceled.
Vermont Gas Systems says it's offering landowners who have not reached an agreement with the company over easements for a natural gas pipeline in Addison County the chance to negotiate through a third party mediator.
The debate over a proposed natural gas pipeline extension from Vermont to the International Paper Mill in Ticonderoga, New York, continued Wednesday night as the Vermont Public Service Board held a public hearing on the issue.
A woman who received a letter about the potential use of eminent domain to make way for a natural gas pipeline says she and others met with state officials to express concerns about the plan by Vermont Gas.