Vermont § 212c - Retail sale by the Department; Commission approval

§ 212c. Retail sale by the Department; Commission approval

• (a) The Department shall not enter into a contract or arrangement for retail sales unless
  approved by the Public Utility Commission under this section. Before the Public Utility
  Commission approves any retail sale of energy or capacity under this section, it shall
  conclude that the sale will promote the public good of the State by finding that: (1) the proposed sale, where appropriate, is reasonably required to meet actual or projected
  growth in statewide demand, to replace amounts of electricity or capacity sold at
  retail by the Department on May 28, 1987, or to provide capacity or energy needs arising
  from a bankruptcy filing by any Vermont electric utility; (2) the Department’s retail rates are just and reasonable, the sale will not result in
  unjust discrimination in rates, and the sale will result in economic benefits for
  the State and its residents; (3) the sale will not adversely affect system stability and reliability, and the sale
  will be in compliance with the Electric Energy Plan adopted under section 202 of this title, or that there exists good cause to permit the proposed sale; and (4) the sale is in the best interests of the ratepayers, and that the current and future
  benefits of the sale outweigh the current and future costs to the State’s residents. (b) The Commission shall make its final determination under this subsection within six
  months after a filing by the Department. The Department’s rate filings and any adjustments
  or exceptions to them shall be consistent with the procedures set forth in sections
  225, 226, 227, 228, and 229 of this chapter, where applicable. (Added 1987, No. 65, § 4, eff. May 28, 1987; amended 2023, No. 85 (Adj. Sess.), § 367, eff. July 1, 2024.)