son Industrial Park will provide supply for over 100,000 electric drive vehicles within three years. Gordon says the strict state permitting process for a VT Act 250 Land Use permit often can take six months or more. But he credits a public-private team effort for getting it done in 38 days for this project unheard of Among the parties providing support were the Barre Area Development Corp. and Central Vermont Economic Development Corp. complete permitting process including a number of other state and local permits took approximately 2-3 months from the time we started drafting site plans to when we were completely construction ready in the Gordon adds. In addition to tax breaks and a loan derived from a $1-million Community Development Block Grant, the Town of Barre is committing some $380,000 toward road and utility extensions to the site, which is located just a couple miles from the main facility, which has been part of the City of industrial landscape since 1946. Gordon credits the intimate atmosphere for making the project work, citing an amount of access to state and local Powerful Agreements An electronic and capacitor manufacturer uses a heavy energy load, and because of its testing requirements really have much wiggle room. a growth project like ours, power usage is going to be much higher for this new says Gordon. Helping the economics work for the new project is a special Incentive from Green Mountain Power that will start at a time of choosing within six months of the completion. The rate will enable the company to receive approximately $125,000 in rebate on energy usage through a declining-rate discount scheduled over the rate three-year term. The state is making sure its power supply situation is staying affordable and reliable too: Green Mountain Power and Central Vermont Public Service in March announced a new MOU with that sets the stage for a new power supply contract. The current one, signed in 1987, expires in 2016. a new long-term agreement with is a good deal for ratepayers and strengthens the economic said Vermont Gov. Jim Douglas. new contract will provide stable, clean, renewable power at a competitive price through 2038. Energy trade is the centerpiece of our longstanding and valued trading relationship with the Province of The companies anticipate purchases totaling up to about 225 MW starting in November 2012 and ending in 2038. The term sheet includes a price-smoothing mechanism that will shield customers from volatile market spikes over this period. CVPS, GMP and will negotiate terms of the agreement over the next few months. One provision of the agreement is for the Vermont General Assembly to enact legislation to designate large hydroelectric power, including power, as renewable. Any renewable energy credit revenues for power delivered over the Highgate Interconnection would be shared between the Vermont companies, their cusSITE tomers and MAY 2010 SITE SELECTION Write in for free info.