Assessment of Uneconomic Power Contract Costs in Vermont
Vermont Public Service Department
Completed October 1997.
Synapse prepared an economic analysis of the Green Mountain Power Company’s above-market costs of its power contract with Hydro-Québec. The Vermont Public Service Board disallowed recovery of a substantial portion of the contract costs, based upon Bruce Biewald’s analysis and finding that the contract was not economically used and useful. Testimony filed in October 1997.