PSB: Addison Natural Gas Project Comments

PUBLIC SERVICE BOARD

PUBLIC HEARING: DOCKET NO. 7970

MARCH 21, 2013

REMARKS BY LISA VENTRISS, PRESIDENT

VERMONT BUSINESS ROUNDTABLE

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Good evening. For the record, my name is Lisa Ventriss, President of Vermont Business Roundtable. On behalf of our 120 CEO members, I speak tonight in support of construction of the Addison Natural Gas Project, which consists of 43 miles of new natural gas transmission pipeline in Chittenden and Addison Counties; approximately 5 miles of new distribution mainlines in Addison County; together with three new gate stations in Williston, New Haven and Middlebury, Vermont.

This initiative is an important infrastructure project worthy of discussion and support for several reasons.

Its most positive attributes support the State’s overall policy goals to:

  • Reduce greenhouse gas emissions;
  • Provide Vermonters with lower cost, cleaner, and efficient sources for heating homes and businesses; and,
  • Reduce truck traffic along our highways and through our picturesque villages.

When completed, it will promote the vitality of Addison County’s economy. The region is home to a variety of enterprises, all of which could benefit from this expansion project, including:

  • A blend of traditional and new age agricultural businesses, light industry, and tech-savvy design and manufacturing firms;
  • An internationally renowned academic community that fosters world class learning and competitive entrepreneurship; and,
  • Thriving communities and villages that provide residents with modern, high-tech conveniences while living in a rural area that is home to over 300 buildings listed on the National Register of Historic Places.

The project will benefit municipal, corporate and families’ budgets as well by:

  • Providing tax payments of roughly $40,000/mile to towns that host the pipeline;
  • Serving 3,000+ Vermont customers; and,
  • Offering consumer savings in reduced energy costs of over $200 million over 20 years; monies that can be redirected into the economy by business and residents alike.

It will also bring the potential for similar savings 17 miles closer to Rutland County; an area that would also like to enjoy the benefits of clean, more efficient and competitively priced heating energy.

In summary, the Roundtable strongly urges the Public Service Board to approve this Addison Natural Gas Project.

Thank you for your consideration.