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Pipeline opponents say project is no longer economically justifiable

from VPR

A group of opponents of the Vermont Gas Systems pipeline say the cost of Vermont Gas Systems’ pipeline from Colchester to Addison County is no longer justifiable in light of a recently announced cost increase. The increase, announced earlier in July, brings the estimated project cost from $86.6 million up to $121.7 million. The opponents say that increase means ratepayers will be subsidizing the company’s building expenses for almost 30 years — a length of time they say is unprecedented. more

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