Mediator used in dam disputeMarch 24,2014Staff Report
VERNON — Two Vermont towns on the Connecticut River and the energy giant TransCanada will use a mediator as part of an effort to agree on the value of hydroelectric dams in Vernon and Rockingham so they can avoid a trial.
A spokesman for TransCanada Hydro Northeast said the company is appealing an “increase in property taxes” on four Vermont generating stations, Vernon and Rockingham, and two in the Northeast Kingdom.
The state and town appraise the Vernon dam at almost $40 million. TransCanada claims it’s worth just under $21 million. Vermont appraises the Bellows Falls dam at $108 million, TransCanada says $62 million.
TransCanada’s Davis Sheremata told the Brattleboro Reformer that they’re hopeful for a settlement.
Vernon attorney Richard Coutant said he doesn’t know how flexible the company will be.
- Most Popular
- Most Emailed
- TODAY'S WEATHER MINUTE: Rutland Herald content editor Rich Alcott shares local weather information and easily digestible news tidbits: Teddy Roosevelt makes Americans believe the poor, peace-loving, misunderstood piranha is a vicious, dangerous animal.
- RICHARD'S POOR ALMANACK: Teamsters leader Jimmy Hoffa disappears on this day in 1975, on this day in 2003, the last Volkswagen Type I, the Beetle, rolls off the assembly line in Mexico, Ambrose Bierce on the classifications of homicide.
- TODAY'S WEATHER MINUTE: Seals have figured out fish they like to eat gather in schools around turbines in offshore wind farms. But the environment is not without hazards, maintenance vessels and noise pollution.
- TOMORROW'S HEADLINES TODAY: Vermont Yankee announces final day of nuclear power generation in Vermont, storm brings floods back to Chester, Castleton town manager to resign office, chronic offender sentenced to 25 years for sexual assault.
- TODAY'S WEATHER MINUTE: Rutland Herald content editor Rich Alcott shares local weather information and easily digestible news tidbits: Archaeologists find a leather shoe in a cave in Armenia that predates the Pyramids by more than a thousand years.
- RICHARD'S POOR ALMANACK: On this day in 1932, President Hoover orders the Army to evict bonus marchers from Anacostia Flats; author Malcolm Lowry born this day, as is Jackie Kennedy and Mike Bloomfield; Stephen Crane on consuming one's own heart.