Archive - Apr 2012 - Page
ADDISON COUNTY — Local lawmakers on Tuesday and Wednesday fielded several amendments related to the proposed combining of the state’s two largest utilities, much of it related to a $21 million payback that some believe is owed to electricity ratepayers as a condition of the merger.
The $21 million in question represents additional money that electricity ratepayers were assessed to help shore up a financially strapped Central Vermont Public Service Corp. (CVPS) back in 2001.
MONTPELIER — A bill that would require labeling of genetically modified organisms (GMOs) in foods passed out of the Vermont House Agriculture Committee last Friday, with nine representatives voting for and one against.
Rep. Will Stevens, I-Shoreham, said H. 722 will likely pass through the House Judiciary Committee, but it’s not likely to reach the House floor before the end of this legislative session. Stevens said to reach the floor similar legislation would have to start from the very beginning next year.
MIDDLEBURY — With interest rates at a historically low level, it’s not just homeowners who are jumping at the opportunity to refinance mortgages: this spring, Middlebury College also refinanced $63.5 million worth of facilities debt.
The Vermont Education and Health Buildings Financing Agency (VEHBFA), which helped the college refinance its bonds, reports that the college will see about $11 million in savings at present value, a refund of about 18 percent of the total cost.
BRISTOL — As the weather is warming up, so too is the Bristol business scene.
Among the many recent developments in the county’s second largest town are an ownership change at the Almost Home Market on North Street, a new ice cream shop set to move in on Main Street and new landlords for the old Bristol High School building, which houses a number of prominent businesses.
NEW HAVEN — One of the state’s largest prospective solar installations — more than twice the size of the Ferrisburgh Solar Farm — may have jumped its final legal hurdle, when the Vermont Supreme Court upheld a Public Service Board (PSB) certificate of public good.
MIDDLEBURY — People seeking architectural software services at the Friday Group LLC’s headquarters at 88 Mainelli Road will soon be in store for a gastronomic bonus.
The 6,000-square-foot building will soon be home to the Champlain Valley Creamery, makers of award-winning organic cream cheese. And that cheese company could soon be joined by a whiskey distillery, the plans for which the Friday Group LLC President Lars Hubbard recently submitted to the Middlebury Development Review Board (DRB).
FERRISBURGH — Kathy Douglas’ fifth-grade students at Ferrisburgh Central School are hoping the Vermont Legislature will see the light.
More specifically, the members of her class would like lawmakers to approve traffic lights at the intersection of Route 7 and Little Chicago Road, just a few hundred yards away from their school.
Local representatives Diane Lanpher (D-Vergennes) and Greg Clark (R-Vergennes) recently accepted the students’ invitation to meet with them.
MONTPELIER — The state Senate on Tuesday passed a health care benefits exchange bill that will allow Vermont to fulfill the requirements of the federal Affordable Care Act, while setting stage for more substantial reforms in the future to help those who are uninsured or underinsured.