Cheryl Hanna of Vermont Law School spoke on WCAX about the court case about Vermont Yankee. The state of Vermont never had much of a case to start with.
Law School Professor Explains Why the State Never Really Had a Case Against Vermont Yankee
Authored by:
Meredith Angwin
Former project manager at Electric Power Research Institute. Chemist, writer, grandmother, and proponent of nuclear energy.Other Posts by Meredith Angwin
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Meredith Angwin says:
Just a link to some posts on the utilities not wanting to pay back the ratepayers here. AARP has sued and is keeping up the pressure.
http://blogs.burlingtonfreepress.com/politics/2012/03/26/the-power-strug...
http://vtdigger.org/2012/03/23/lawmakers-to-bring-back-windfall-return-a...
A quote from the latter post
Ratepayers floated millions of dollars to CVPS and Green Mountain Power in the early 2000s when the companies’ stocks sunk to junk bond status as a result of the high cost of power from the Hydro-Quebec project.
Mason Sullivan says:
This is proof that we need to check all new, and perhaps some old laws, against the constitution because it seems that people will do anything to get some things through that are not constitutional or claim that some aren't constitutional when they are.
There are always tricks going to finish constitution and it seems like a game to some people to see what they can get away with.
Meredith Angwin says:
Vermont only gets 1/3 of its power from VY. VY is located in a corner of the state, across the river from New Hampshire and very close to Massachusetts. So it sells its power near-by, to neighboring states. Vermont gets another 1/3 of its power from HydroQuebec. IMHO, we haven't done a particularly bang-up job of negotiating with them. As a matter of fact, there's a big controversy right now about one of the distribution utilities had to be bailed out after a bad deal with HQ, the ratepayers bailed them out, with the proviso that the money had to be returned if the utility was sold. It's being sold, and guess what? It doesn't want to give the money back to the ratepayers. I know you are deeply shocked. ;-) Anyhow, the whole thing started with over-paying HydroQuebec. And then we get about 8-10% of our power from in-state hydro, and the rest from the grid. In other words, VY helps keep our power rates low, but doesn't fully determine them. VY makes about 70-80% of the power Vermont would need, but not all VY power goes to Vermont.
Okay. I just said power rates were low and you said they were high. We are both right! Vermont power rates are the lowest in New England, but New England is the most expensive region. So, compared to everyone else in the region (who are buying VY power and fossil power and Seabrook power etc)...we are actually doing well, cost-wise.
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