Vt. Stat. tit. 30 § 4002

Current through L. 2024, c. 185.

Section 4002 - Agreements by cooperatives and municipal electric utilities

Any cooperative or municipal electric utility shall have:

(1) authority to participate with other utilities in entering into agreements for the planning, financing, acquisition, construction, ownership, operation, and maintenance of jointly owned or operated electric facilities and in connection therewith to construct, acquire, own, operate, and maintain electric facilities, for the purpose of providing a supply of power and energy to the cooperatives and municipal electric utilities entering into any such agreements, including the right to sell or exchange any surplus produced from such facilities to others;

(2) authority to act in participation with other such utilities in arranging for the purchase of supplies of capacity and energy from other utilities, either within or outside the State of Vermont, including purchases from private electric utilities, municipal electric utilities, cooperatives, associations of utilities, or public authorities;

(3) authority, in participation with other utilities, to enter into contracts for the transmission of such supplies of capacity or energy generated either by them or purchased from others;

(4) authority, in participation with other utilities, to participate in facilities, projects, and programs for the purposes of modifying demand for electric capacity or energy through conservation or load management;

(5) authority, in participation with other utilities, to employ attorneys, engineers, technicians, and any other personnel as said utilities may deem necessary or proper to carry out any of the foregoing powers;

(6) authority to allow the Vermont Public Power Supply Authority to provide all requirements service for a stated period of time pursuant to subdivision 5012(15) of this title;

(7) authority to otherwise do all lawful acts and things necessary or incidental to the exercise of the authority granted in this chapter.

30 V.S.A. § 4002

Added 1977, No. 97; amended 1989, No. 112, § 3, eff. 6/22/1989; 1991, No. 170 (Adj. Sess.), § 2, eff. 5/15/1992.