[NEWS] Vermont Supreme Court Denies Biomass Developer Deal
– by Gordon Dritschilo, November 4, 2017, Rutland Herald
A biomass developer who wanted either a 30-year contract or $83 million got neither from the Vermont Supreme Court last week.
In a decision handed down Oct. 27, a three-judge panel upheld a decision by the Public Service Board (since renamed the Public Utility Commission) saying the panel was within its discretion when it dismissed an application by Pequot Energy Development for a power purchase agreement with long-term rates.
Pequot set out in 2015 to build a 29-megawatt biomass generator in Fair Haven — reviving a similar project that was abandoned for lack of funding in 2010 — and had a 30-year power purchase agreement with VEPP Inc., that the developer said was key to funding the project.