A key Vermont lawmaker says he’ll press on in his bid to get the state to look at purchasing a 51 percent ownership stake in its high-tension power transmission grid.
Sen. Vincent Illuzzi has been leading the charge to call on the state to acquire majority ownership in the Vermont Electric Power Co., or VELCO. He says with the proposed merger of the state’s two largest utilities under a Canadian company, the acquisition is the best guarantee against foreign ownership of a key asset.
