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Select Board asks for details before accepting Cheshire Community Power surplus return
Summary
A resident reported that Cheshire Community Power voted to return surplus funds to participating towns; the board was told those funds were recommended for deposit into a capital reserve fund but was reminded that such deposits require a warrant article and a town vote, so the board requested additional details before proceeding.
Patsy Beffa‑Negrini told the Nelson Select Board on Aug. 6 that Cheshire Community Power has surplus funds that have been voted to be returned to participating towns and that the surplus was recommended for immediate deposit into the town’s Capital Reserve Fund for clean energy projects.
Administrative assistant Edie Drinkwater told the board that state law and town procedure require deposits into a Capital Reserve Fund to be authorized by a warrant article and decided by a vote of the town; the board asked for further details about the size of the surplus and any limits placed on how the returned funds could be used.
The board did not vote to accept or deposit funds during the meeting and instead requested follow-up information to determine whether a warrant article should be drafted for a future town meeting.
