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, April 16 2014 12:34 PM EDT2014-04-16 16:34:35 GMT
It looks like our region escaped any major flooding resulting from Tuesday's heavy rains. There were localized areas of high water and damage, like a road washout on Mud Hollow Road in Kirby. Water remainsMore >>
It looks like our region escaped any major flooding resulting from Tuesday's heavy rains.More >>
Wednesday, April 16 2014 10:58 AM EDT2014-04-16 14:58:11 GMT
Teamwork between a Montgomery farmer and a corporal with the Franklin Country sheriff's department may have saved a life when they pulled off a daring rescue. A woman became trapped in her truck tryingMore >>
A Montgomery farmer and a sheriff's deputy joined forces for a daring rescue to help a woman who got trapped in her truck by rising floodwaters.More >>
Wednesday, April 16 2014 12:02 PM EDT2014-04-16 16:02:05 GMT
The floods forced Gov. Andrew Cuomo to declare a state of emergency in New York. The governor made the declaration Tuesday night. It covers six counties in northeastern of New York, including two inMore >>
The floods forced Gov. Andrew Cuomo to declare a state of emergency in New York.More >>
Wednesday, April 16 2014 11:08 AM EDT2014-04-16 15:08:35 GMT
If you thought the weather Tuesday really stunk, you weren't alone. Apparently all the rain and the rushing rivers were too much for even a beaver. WCAX Producer Diane Landry caught video Tuesday in MiltonMore >>
Apparently all the rain and the rushing rivers in our region Tuesday were too much for even a beaver.More >>
Wednesday, April 16 2014 12:09 PM EDT2014-04-16 16:09:50 GMT
If you think this spring has been filled with strange weather-- cold, then hot, then flooding, then snow-- well, we have a reminder that fluctuating weather is not all that unusual in Vermont. SheldonMore >>
If you think this spring has been filled with strange weather-- cold, then hot, then flooding, then snow-- well, we have a reminder that fluctuating weather is not all that unusual in Vermont.More >>