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Director says Clean Energy Development Fund near exhaustion; board scheduled to sunset absent new revenue
Summary
Andrew Pertschuk, director of the Clean Energy Development Fund and a Vermont state senator, told the House Energy and Digital Infrastructure Committee on March 27 that the fund’s historic revenue sources have ended and the board recommended sunsetting in 2027 unless a new, sustained funding source appears.
Andrew Pertschuk, director of the Clean Energy Development Fund, told the House Energy and Digital Infrastructure Committee on March 27 that the fund’s historic revenue streams have largely dried up and the fund now contains only residual balances.
Pertschuk, who also serves as a Vermont state senator but said his remarks were given in his capacity as fund director, traced the fund’s revenue history to payments related to Vermont Yankee and subsequent settlement payments from Entergy. He said those payments—combined with repayments from an earlier loan program—supported several million dollars a year of grant and incentive activity for…
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