Vermont Gas: Phase 2 price tag going up

Published on NewsOK Modified: August 1, 2014 at 5:18 pm •  Published: August 1, 2014
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BURLINGTON, Vt. (AP) — Less than a month after raising the estimated cost of phase 1 of a pipeline project by 40 percent, Vermont Gas has announced that the phase 2 cost is going up as well.

Phase 1, the Chittenden County-to-Middlebury section of the pipeline — is under construction now. The company hopes to follow that up with a phase 2 from Middlebury to the International Paper plant in Ticonderoga, N.Y.

It says the paper company is paying most of the costs of phase 2, and that that will apply to the $10 million cost increase as well.

The company also is planning a phase 3, which would extend the pipeline system to Rutland.