Tue, 05/11/2021 - 1:18pm tim
Vermont Business Magazine The Vermont Senate voted unanimously in a virtual floor setting to advance H360 - An Act Relating to Accelerated Community Broadband Deployment, valued at $150 million. This has been a long-standing priority across multiple administrations and legislatures and now state leaders believe Vermont will have the resources necessary to connect every address to high-speed internet. Governor Scott said at his regular press conference today that the state probably needs upwards of double that amount to reach its goals.
He said he s looking forward to what the overall plan would be in regards to getting the state fully covered.
Fri, 04/30/2021 - 9:29am katie
Vermont Business Magazine Earlier this week, Vermont Governor Phil Scott signed bill S.60 into law. The new law provides cooperative and community-owned public power utilities with the ability to make minor adjustments to electric rates and provide customers with new, innovative services. The legislation, sponsored by Senator Ann Cummings, is the result of collaboration among electric utilities, state utility regulators, and Vermont legislators.
Prior to the passage of S.60, all electric utility rate adjustments and pilot programs were subject to formal reviews by state utility regulators. Often lengthy and expensive, this review process also presents a hurdle to utility innovation. The new law gives public power utilities the authority to implement rate changes up to 2% each year without undergoing the traditional reviews. It also allows utilities to pilot new services that advance Vermont’s climate requirements without being subject to a formal
GlobalFoundries, the Essex Junction-based semiconductor manufacturer, paid a whopping $36 million power bill last year. "We are an energy hog," acknowledges Greg Rieder, a top.
Valley News - Vermont gets extension on lunch funding vnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vnews.com Daily Mail and Mail on Sunday newspapers.
Governor proposes $90 million for state capital investment
Department of Economic Development Commissioner Joan Goldstein presented Governor Scott s Capital Investment Grant Proposal to the Senate Economic Development Committee this week. The proposal would allocate $90 million over three years for capital investment grants to businesses and non-profits. Regional Development Corporations and Regional Planning Commissions would identify eligible projects. Twenty-five million dollars would be dedicated to outdoor recreation projects.
Senators expressed concerns about how the Agency of Commerce and Community Development would select projects. Commissioner Goldstein said they would consider ready or near-ready proposals that will leverage other financing, with projects funded in every region. The RDC/RPC inventory of projects is a work in progress, and Commissioner Goldstein said she would provide a list to the committee when it is ready.