Wednesday, July 08, 2009

PSB Standard Offer Docket No. 7523 - Update

As we explained last week, the Vermont Public Service Board (PSB) opened Docket No. 7523 to review the interim "standard offer" contract prices for small scale renewable generators established under the Vermont Renewable Energy and Efficiency Act of 2009 (which was the subject of one of our prior posts). The PSB must complete this review by September 15, 2009.

In Docket 7253, the PSB is required to 1) assess whether interim prices stated in the statute constitute "a reasonable approximation" of the final prices the PSB will establish applying the statutory criteria, and 2) adjust any price found not to constitute such an approximation.

On June 29, 2009, the PSB issued opened Docket No. 7533, an investigation is intended to build upon the record developed in Docket 7523, resolve all necessary implementation issues not addressed in that docket, and reevaluate the prices for SPEED projects set out in the statute.

The PSB also created a web site where it has posted relevant information to both dockets, including comments posted by parties. A hearing is scheduled for Friday, July 10, 2009 at 9:30 AM in Room 10 of the Vermont State House in Montpelier

No comments: