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Public utilities

Vermont Public Utility Commission Approves Amendments to Certificate of Public Good for Elizabeth Mine Solar I, LLC

Strategic Insights

— 1 min read

The Vermont Public Utility Commission has approved amendments to the certificate of public good for the Elizabeth Mine Solar I, LLC project, a 4.998 MW solar electric generation facility in the Towns of Thetford and Strafford, Vermont. The commission approved a non-substantial change amendment to the certificate, allowing the use of an alternative form of financial security, a triennial decommissioning fund inflation adjustment schedule, and the approval of an executed surety bond as replacement for the current letter of credit.

Key Takeaways:

  • The Vermont Public Utility Commission approved a non-substantial change amendment to the certificate of public good for the Elizabeth Mine Solar I, LLC project.
  • The proposed amendment allows for the use of an alternative form of financial security, such as a surety bond, instead of a letter of credit.
  • The commission approved a triennial decommissioning fund inflation adjustment schedule, which allows for the estimated cost of decommissioning to be adjusted every three years.
  • The amendment also standardizes CPG conditions related to decommissioning, consistent with conditions adopted in other cases.
  • The CPG Holder must comply with the amendments issued in conjunction with this order and file an original paper version of the executed surety bond with the commission.
  • The Commission has approved the executed surety bond, finding that it will provide financial assurances equal to or greater than those provided by a letter of credit.

Statistics:

  • The Elizabeth Mine Solar I, LLC project is a 4.998 MW solar electric generation facility.
  • The commission approved a non-substantial change amendment to the certificate of public good on August 19, 2025.
  • The proposed amendment allows for the use of an alternative form of financial security, which is consistent with Commission Rule 5.904(B)(3).
  • The CPG Conditions 10 and 11 were amended to allow for compliance using an alternative security and triennial decommissioning fund inflation adjustment schedule.
  • The surety bond was approved, finding that it will provide financial assurances equal to or greater than those provided by a letter of credit, as stated in Commission Rule 5.904(B)(2).

Sources:

  • Vermont Public Utility Commission. (August 19, 2025). Case No. 24-0253-LCOMP: Elizabeth Mine Solar I, LLC (Order).
  • Vermont Public Utility Commission Rule 5.904(B)(3)

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