Gov. Jim Douglas, R-Vt., says he has allowed H.446, An Act Relating to Renewable Energy and Energy Efficiency, to become law without his signature.
‘I fully support the development of renewable energy in Vermont, and I have worked hard to encourage this industry,’ Douglas says. ‘I believe this bill, however, fails to recognize the current viability of renewable energy in a competitive setting and will needlessly increase costs to Vermont consumers so as to subsidize this one favored business sector.’
‘Even though this bill does set statutory standard offer rates – which I believe is inappropriate, because the Public Service Board must revisit those rates within the next four months and periodically thereafter – I will allow this bill to become law without my signature,’ he continues.
SOURCE: Office Of Gov. Jim Douglas