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Hardwick staff outline capital needs for substation repairs and FEMA/AMI grants; 5% local share noted
Summary
Staff described urgent Hardwick substation repairs after outages, said major project costs are largely expected to be FEMA‑reimbursable (with ~5% local share) and outlined AMI grant prospects via VVSA/VDEP.
Hardwick Electric staff told trustees that the Hardwick substation requires further repairs after a regulator failure and that the broader generation and mitigation work includes recoverable costs expected to come from FEMA. Scott said the engineering survey and capital work are large items — the survey was described as roughly in the low‑hundreds of thousands — but staff expects most of the construction costs to be reimbursable by FEMA; he added that the utility will still carry a small local share (about 5%) on certain obligations.
Staff also described a separate AMI grant routed through VVSA/Department of Public Service that the utility expects to receive. Scott said crews are coordinating procurement and that the department will seek construction financing so capital work is spread over useful life rather than paid from cash upfront. Trustees heard an outline of a multi‑year capital plan and a deficiency study that will inform prioritization. Staff noted timing dependence on FEMA obligations and instructed trustees that reimbursements will affect the cash‑flow picture.
