From: jmoore@vpirg.org
Sent: Thursday, April 24, 2008 5:34 PM
To: Hofmann, Sarah; mlsilver@sover.net; Whitney, Judith; Pittsley, Susan
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Subject: FCM money

 

April 24, 2008

 

Mrs. Susan M. Hudson, Clerk

Vermont Public Service Board

112 State Street

Montpelier, Vermont 05620-270 1

 

Re: Disposition of Revenues from EEU Participation in the Forward

Capacity Market

 

Dear Mrs. Hudson:

VPIRG feels strongly that the legislative intent of  S.209, now Act 92, was to use the money earned through Efficiency Vermont's participation in the Forward Capacity Market to move towards Vermont's building efficiency goals established in 10 V.S.A. 581.  Act 92 expands the mandate of Efficiency Vermont, allowing the utility to help Vermonters reduce their non-electric fuel use.  

 

If revenue from the Forward Capacity Market is used to offset existing funding focused on electric energy efficiency the state's energy efficiency programs will fall short of what is required in Act 92: "Ensure that the energy efficiency programs implemented under this section are designed to make continuous and proportional progress toward attaining the overall state building efficiency goals established by 10 V.S.A. 581, by promoting all forms of energy end use efficiency and comprehensive sustainable building design."

 

With rising fuel costs and the pressing concerns associated with climate change it is crucial that these funds be put to work as soon as possible to help Vermonters reduce their heating bills.

 

VPIRG recommends that all revenues from participation in the Forward Capacity Market be spent as efficiently as possible to reach the building efficiency goals established in 10 V.S.A. 581.

 

Sincerely,

James Moore

 

Clean Energy Advocate

Vermont Public Interest Research Group