31 July 2010

Quebec and Vermont to keep talking power

Quebec and Vermont have extended the July 31 deadline to reach a long-term power purchase agreement but officials quoted by Bloomberg are optimistic the two sides will reach a deal shortly.

The deal would see Vermont purchase 225 megawatts from Quebec from 2012 to 2038. When the two sides announced a tentative deal in March, they set 31 July as the deadline for the deal.

Vermont’s major electricity producer is looking at a long-term purchase to replace an existing one with Hydro-Quebec.  The state may also be in the market for additional power to replace generation at the 38 year old Yankee nuclear generator.

- srbp -