Power Contract Workshop
In recent months, the Public Service Board ("Board") has reviewed a proposed wind generation facility under 30 V.S.A. § 248 and a proposed power purchase agreement with a hydroelectric facility under Board Rule 5.200. In both situations Vermont electric distribution utilities intended to enter power purchase agreements with renewable-generation sources with price terms that were based upon a discount off regional electricity market prices.
The Board is concerned that such market-indexed power contracts, if they become prevalent in the future, might be inconsistent with state policy. Title 30, Section 8001(a)(3) of the Vermont Statutes Annotated states:
"The general assembly finds it in the interest of the people of the state to promote the state energy policy established in section 202a of this title by: . . . (3) Providing an incentive for the state's retail electricity providers to enter into affordable, long-term, stably priced renewable energy contracts that mitigate market price fluctuations for Vermonters."
On November 7, 2007, the Board held a workshop to explore the issue of stably priced contracts. This page provides information regarding this workshop and follow-up activities.
Schedule for Workshops and Filings
Board Orders and Memos
Power Contract Email Service List
Instructions for Filing Comments -- Participants should file one paper copy of their comments with the Clerk of the Board and e-mail their comments to the Power Contract Email Service List.