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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Jan 11, 1974
Page
8
Governor Salmon signals possible gasoline tax increase to boost highway fund revenues amid energy crunch. Administration cites a projected six million dollar revenue loss while lawmakers resist tax hikes. Salmon says decision to be made before budget address. mentions land use plan support and EPA talks on a Georgia whey plant grant.
Former governor Hoff tells House Commerce Committee he favors a bill to have the state take over Velco the Vermont Electric Co. He argues planning is vital during and after the energy crisis and that Velco should be the focus for state electricity planning. He supports NEPOOL and warns Velco could not leave the grid while Velco is controlled by CVPS and decisions are made within NEPOOL. The Hoff commission proposed a Velco board with governor appointees and representatives from municipal utilities cooperatives and private power firms but Velco CVPS and Vermont Yankee president James Griffin declined endorsement.
NEPOOL spokesman Norman McKenzie and DPU officials say power outages are highly unlikely this winter. He credits conserved usage, coal plant conversions, oil spot purchases, and imported power, while warning conditions remain tight and contingency plans exist if needed. Consumer Affairs Secretary Verani denies predicting blackouts within three weeks.
Federal energy chief William Simon told governors that New England utilities will receive oil fairly under the new allocation system. An emergency diversion of 1.1 million barrels of residual fuel oil has been sent to several plants through January to cover crisis shortages, with more diverted as regular allocations begin. He noted expected use of swaps and imported oil, and warned against price gouging under the economic stabilization act.
Panel chair and former Gov. Philip Hoff says the nation has a 200 year coal supply and five percent of power plants have switched from oil to coal. He predicts higher power prices then a plateau, with New England to obtain half its electricity from nuclear by 1980 and hopeful but distant promise for nuclear fusion and solar power.
An American Automobile Association survey found gasoline supplies in New England generally available on weekdays at nearly all stations. Most stations remain closed 9 p.m. Saturday through Sunday. New Hampshire AAA noted many ski-area stations would open Sunday to help skiers return home.
Judith Wright 18 of St Johnsbury surrendered to officials at Woodstock Correctional Center after escaping on Christmas Day. She faces two concurrent sentences up to two years for driving a car without owner consent and larceny. Rebecca Miller 17 of Burlington remains at large.
Union Petroleum Corp reduced its wholesale No 2 heating oil by 6.16 cents per gallon with immediate effect. If retailers pass the cut to consumers, homeowners could save about 1.5 million dollars this month across the six New England states. The firm sells to roughly 1,000 independent retailers and cited abundant lower priced oil arrivals as the reason for the slash after rapid price hikes in late 1973.
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