VTDigger.org: Updated Story: Senate approves policy requiring utilities to return bailout money to ratepayers; House wades into debate

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VTDigger.org: Updated Story: Senate approves policy requiring utilities to return bailout money to ratepayers; House wades into debate

Sen. Randy Brock, a Republican candidate for governor, defended the Senate’s proposal.

“The Legislature provides policy guidance all the time,” Brock said. “Public Service Board dockets are open all the time. Does this mean the state has to wait for every docket to close before it can establish policy guidelines?

“We’ve made it clear, from a legislative perspective, that when you promise to pay money back, you have to pay it back under the terms the Public Service Board finds appropriate,” Brock continued. “We’re not micromanaging. The Legislature’s job is to establish policy. We do it all the time. Part of the problem in all this is the question about whether there was real candor from the utilities to the public about what this deal is all about. All we hear about is the $144 million in savings. We heard nothing about the $21 million. In my judgment, it’s been a contingent liability from day one and should have been treated as such.”

To read the entire article, click here.

Activity ID: 1078716Activity Name: Randy Brock Homepage RTActivity Group Name: RB_RT