A key state agency has signed off on the sale of 13 hydroelectric stations to a Boston company. The Vermont Department of Public Service – whose job is to represent the public interest in energy matters – has approved a deal pledging to support Great River Hydro’s proposed purchase of TransCanada’s dams on the Connecticut and Deerfield rivers.
Jim Porter, director of the department’s Public Advocacy Division, said the agreement came after a thorough review of the sale and after negotiation with Great River. “We did conclude the sale facilitated the general good of the state,” Porter said. “The sale will not affect Vermont jobs, and Great River Hydro demonstrated it is capable of managing these assets.”