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Summary
The Burlington Electric Department announced on Tuesday that it was entering into negotiations to take over full ownership of the McNeil Generating Station, the state’s largest single producer of power.
The biomass-burning plant is currently under split ownership — Burlington Electric Department owns 50%, Green Mountain Power owns 31% and the Vermont Public Power Supply Authority owns 19%.
“For us, this is an exciting and tangible and, we think, creative way to try to reach some of the goals that we have from an environmental standpoint, while continuing to support the workforce, continuing to provide reliable power and give us control of our destiny when it comes to the McNeil plant and the McNeil site,” Darren Springer, general manager of Burlington Electric, said at a press conference Tuesday.
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