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Stowe Electric bond approved

Stowe Reporter - 9:50 am Thu Nov 6th, 2014

Stowe residents voted 712-586 Tuesday to authorize the Stowe Electric Department to borrow $420,000 to buy into Vermont Transco LLC.

Transco, an entity formed jointly by Vermont Electric Co. and the state's utilities, owns and oversees the state's electrical transmission system.
Stowe's investment is seen as a good fiscal move by the Vermont Department of Public Service and by other utilities, which earn interest on the equity partnership, while Transco gets the money needed to keep improving the power lines.

Read the whole story in the Stowe Reporter:

Relevant Address(es):
Stowe, VT 05672 (Set as Local)

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