• Mediator used in dam dispute
    March 24,2014
    • Email Article
    •  
    •  Print Article
     
    Staff Report

    VERNON — Two Vermont towns on the Connecticut River and the energy giant TransCanada will use a mediator as part of an effort to agree on the value of hydroelectric dams in Vernon and Rockingham so they can avoid a trial.

    A spokesman for TransCanada Hydro Northeast said the company is appealing an “increase in property taxes” on four Vermont generating stations, Vernon and Rockingham, and two in the Northeast Kingdom.

    The state and town appraise the Vernon dam at almost $40 million. TransCanada claims it’s worth just under $21 million. Vermont appraises the Bellows Falls dam at $108 million, TransCanada says $62 million.

    TransCanada’s Davis Sheremata told the Brattleboro Reformer that they’re hopeful for a settlement.

    Vernon attorney Richard Coutant said he doesn’t know how flexible the company will be.
    • Email Article
    •  
    •  Print Article
    2 Comments
    MORE IN This Just In
    The behavior of several Rutland City Police officers named in a civil lawsuit by a former officer... Full Story
    The civil lawsuit filed against the city by a former officer alleges issues within the Rutland... Full Story
    Itís hard to get more Vermont-ish than Plymouth Notch. Full Story
    A coffeehouse festival: Plymouth Folk and Blues
    More Articles