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Utility cancels phase to build gas pipeline to International Paper mill in Ticonderoga, NY, as costs escalate to $105 million

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Utility cancels phase to build gas pipeline to International Paper mill in Ticonderoga, NY, as costs escalate to $105 million

February 10, 2015 - 04:41
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SOUTH BURLINGTON, VT, Feb. 10, 2015 (Local News) -Vermont Gas Systems Inc. on Tuesday afternoon announced that it will not proceed with the proposal to build Phase 2 of its proposed Addison Rutland Natural Gas Project pipeline - the connection from Middlebury to International Paper's plant in Ticonderoga, N.Y.

"As the company committed to the Vermont Public Service Board (PSB) last year, Vermont Gas recently completed a thorough review of the schedule, costs and challenges to complete Phase 2 under current business conditions," said Vermont Gas President and CEO Don Rendall, in a press release. "IP and Vermont Gas extensively discussed the issues raised by this reassessment of the project, and we were unable to find a mutually acceptable path forward."

Jim Sinclair, Vermont Gas' vice president for system expansion, said the projected cost for the pipeline spur to IP - which would have travelled through Cornwall and Shoreham, and then under Lake Champlain to the IP mill - has gone up substantially.

Addison Independent - Vermont Gas will not pursue Phase 2 pipeline to paper mill in Ticonderoga, N.Y.

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