MONTPELIER – October 8, 2015 – (RealEstateRama) — Gov. Peter Shumlin issued the following statement after the Public Service Department successfully negotiated an agreement with Vermont Gas to limit the cost to ratepayers for the Addison County Natural Gas Pipeline Project to $20 million less than the company’s cost estimate for the project.
“I’m pleased that the Public Service Department was able to work with Vermont Gas to lower the cost of the project to ratepayers by $20 million. This agreement can give ratepayers confidence in the cost of the project. I continue to believe that expanding natural gas beyond Chittenden and Franklin counties will be good for Vermont, bringing a cheaper fuel choice and new energy efficiency services to Vermonters whose incomes are not keeping up with the rising costs of health care and property taxes and replacing dirty oil with a cleaner fuel source. I’m pleased in the steps Vermont Gas has taken in the last months to show their commitment to completing this project for the benefit of Vermonters.”