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Major Cost Increases Announced by VT Gas

Today, December 19th, Vermont Gas in a special press conference announced that the costs of increased drastically for phase 1 of the pipeline.  This is on top of the increase that was announced this summer.  As of today, they are stating the total price tag for phase 1 is up to $156 million from $121 million (which was their first increase, up from around $80 million originally).  They filed motion to the PSB to delay phase 2 indefinitely until they can finish their cost assessment associated with this phase 2.

 

Permanent link to this article: http://www.vtcpg.org/2014/12/19/major-cost-increases-announced-by-vt-gas/