The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
002
:
PUBLIC UTILITIES
(Cite as: 24 App. V.S.A. ch. 245, § 19)
-
§ 19. Electric plant; regulation
The Village’s operation of its electric plant, as defined herein, shall take place
in accordance with the statutory authority and requirements of 30 V.S.A. chapter 79,
relating to municipal electric plants, and 24 V.S.A. chapter 53, relating to municipal
indebtedness, with regard to the financing, improvements, expansion, and disposal
of the municipal electric plant and its operations. However, the powers conferred
by these sections shall be supplemental to, construed in harmony with, and not in
restriction of, the powers conferred in this charter. With specific reference to
the legislative authorization contained in 24 V.S.A. chapter 53, subchapter 2, sections
1821-1828, entitled “Indebtedness for Public Utility Purposes,” the Village is permitted
to issue revenue-backed bonds or general obligation bonds for any capital improvement
purpose related to its responsibilities to operate such utilities for the benefit
of the people of the Village, provided each such issue of bonds is approved in accordance
with law, and any restriction in this charter or the general law regarding the maximum
outstanding debt that may be issued in the form of general obligation bonds shall
not restrict the issuance of any bonds issued by the Village and payable out of the
net revenues from the operation of a public utility project. The activities of the
Village in connection with the powers conferred herein shall be subject to regulation
only to the extent specifically required by Title 30 and other applicable law, but
only to the extent that the Village is engaging in activities that are specifically
subject by law to regulation. The Public Utility Commission shall at all times exercise
its regulatory powers in such a manner as to permit the Village to fulfill all of
its prudently incurred obligations, including its obligations to the holders of the
bonds issued by the Village. However, the Public Utility Commission shall not prohibit
appropriate cost allocations among departments of the Village.