An advocacy group says the Vermont Yankee nuclear power plant in Vernon is not paying its fair share of taxes to the state.
Vermont Public Interest Research Group conducted a study comparing property taxes paid to the kilowatt hours generated by more than forty electric generating facilities in Vermont. VPIRG argues that Yankee's tax per kilowatt hour ratio is significantly lower than the rate paid by wind, hydro, and wood generating facilities. The research group believes that a generation-based tax would level the playing field -- by requiring all generators to pay similar rates.
"That is a remarkably different approach than what we've seen and heard from the government and the legislators who are trying to provide new incentives to get new generators built and provide new job growth in the renewable energy industry here in the state," said VPIRG representative James Moore.
Officials from Vermont Yankee argue that they are already paying more than their fair share in state taxes, more than $10 million a year. The company also says the VPIRG study is far too simplistic -- because nuclear energy produces far more power than wind and hydro facilities -- at a much lower cost.
Wednesday, May 22 2013 7:16 PM EDT2013-05-22 23:16:19 GMT
Jeremy Dodge doesn't want to leave his childhood home in East Montpelier. But his days on Foster Road are numbered. "It's my homestead," he said. "You know, I planned on dying here." That plan changedMore >>
A Vt. man about to lose his property at a tax sale sold it to Gov. Peter Shumlin, but now claims the state's leader took advantage of him. The governor says the allegations are misleading and he offered his neighbor a fair price.More >>
Wednesday, May 22 2013 12:21 PM EDT2013-05-22 16:21:11 GMT
The U.S. Supreme Court will not hear a Vermont case about limiting search warrants in an attempt to protect privacy. The Chittenden County prosecutor's office and the Vermont attorney general appealedMore >>
The U.S. Supreme Court will not hear a Vermont case about limiting search warrants in an attempt to protect privacy.More >>
Wednesday, May 22 2013 7:21 PM EDT2013-05-22 23:21:29 GMT
At this shop in the picturesque town of Woodstock, and for those who work in 140 pharmacies scattered throughout Vermont, the workload is about to increase. New requirements are set to take effect, mostMore >>
Lawmakers prescribed a host of changes to combat Vermont's growing problem with hard drugs. The safety measures will now mean longer wait times at the pharmacy.More >>
Wednesday, May 22 2013 9:45 AM EDT2013-05-22 13:45:46 GMT
Sheriffs say a body found floating in the waters off the Florida Keys is that of a Vermonter. The Monroe County Sheriff's office says early Sunday morning, two people fishing off a bridge reported seeingMore >>
Sheriffs say a body found floating in the waters off the Florida Keys is that of a Vermonter.More >>
Wednesday, May 22 2013 7:24 PM EDT2013-05-22 23:24:48 GMT
Vermont denied a license for a new health insurance company. The Vermont Health Co-op opened for business last fall. The nonprofit company was created to take part in the new health care exchange underMore >>
Vermont has denied a license for a new health insurance company.More >>