Vermont Public Utility Commission Approves Decommissioning Fund Letter of Credit for Lowell Mountain Kingdom Community Wind Project

Strategic Insights -

The Vermont Public Utility Commission (PUC) has issued an order approving a revised letter of credit for the Lowell Mountain Kingdom Community Wind Project, a 61-megawatt wind project developed by Green Mountain Power Corporation. The project, which was approved by the PUC in 2011, is located in Lowell, Vermont, and has been a subject of controversy and public interest due to its potential environmental impacts and community benefits. In its latest order, the PUC has approved a new letter of credit, which supplants the previous one, and has required the project developer to file an original paper version of the fully executed letter of credit with the Commission.

Key Takeaways:

  • The Vermont Public Utility Commission (PUC) has approved a revised letter of credit for the Lowell Mountain Kingdom Community Wind Project, a 61-megawatt wind project developed by Green Mountain Power Corporation.
  • The revised letter of credit complies with the PUC's requirements regarding letters of credit and has supplanted the previous letter of credit, which was terminated.
  • The project, approved by the PUC in 2011, has been a subject of controversy and public interest due to its potential environmental impacts and community benefits.
  • The PUC has required the project developer to file an original paper version of the fully executed letter of credit with the Commission.
  • The project developer, Green Mountain Power Corporation, has been encouraged to consult the PUC's website for information on filing a letter of credit, including a sample letter of credit and drawing certificate.

Statistics:

  • 61 megawatts: the capacity of the Lowell Mountain Kingdom Community Wind Project
  • 2011: the year the project was approved by the Vermont Public Utility Commission
  • May 31, 2011: the date the project was approved by the PUC
  • August 31, 2023: the date the previous letter of credit was rejected by the PUC
  • September 6, 2023: the date the revised letter of credit was filed with the PUC

Sources:

  • STATE OF VERMONT PUBLIC UTILITY COMMISSION Case No. 20-1951-PET Green Mountain Power Corporation request for a non-substantial change determination, or in the alternative amend the CPG issued to the Lowell Mountain Kingdom Community Wind Project in Docket 7628
  • " Order entered: 09/18/2023 O RDER APPROVING DECOMMISSIONING F UND LETTER OF CREDIT"