Moody’s Investors Service yesterday published a Ratings Report, in which Moody’s improved Burlington Electric Department’s credit rating outlook to Baa2 positive from Baa2 stable. This boost comes only seven months after Moody’s improved BED’s outlook from negative to stable.
The Vermont Economic Development Authority (VEDA) has approved $17.8 million in commercial, agricultural, small business and energy development financing to support projects totaling almost $35 million throughout the state. Financing included projects for the renovation of Rice Memorial High School in South Burlington; machinery for Cabot Hosiery Mill of Northfield; snowmaking upgrade for Smugglers Notch Resort in Jeffersonville; renovation cost of the Edson Hill Manor in Stowe; expand distribution for CDL USA in St Albans; and energy financing for SolarSense in Bristol.
by Hilary Niles vtdigger.org Burlington officials made their case to the state Tuesday for selling Burlington Telecom in the course of two transactions that would get the city out of the telecom business and settle a pending $33 million lawsuit for about $10.5 million. Mayor Miro Weinberger announced in February
Vermont Electric Cooperative, based in Johnson, is encouraging its members to conserve energy on Wednesday, July 23 between the hours of 2 pm and 6 pm when demand for electricity is expected to spike as a result of weather conditions that are producing high temperatures in northern Vermont and throughout New England.
Here are a few tips to help limit energy use during this time:
• Turn off all unnecessary lights
• Delay use of major appliances such as dishwashers, washing machines, and clothes dryers
• Raise your thermostat or air conditioner by 3 degrees
by Hilary Niles vtdigger.org The proposed AnC Bio biomedical research park in Newport was under an environmental spotlight Monday evening. Health and safety concerns and traffic burdens dominated discussion at a two-hour public hearing convened by the District 7 Environmental Commission. Five Newport residents were given party status to the Act 250 deliberations — meaning they are granted the right to appeal the commission’s decision of whether to issue an environmental permit for the four-story, 84,000-square-foot facility.
Goddard College today announced the creation of the Goddard Graduate Institute, which will house three of its master’s degree programs. Bringing together faculty from across the humanities, social sciences, and health arts disciplines, the Graduate Institute seeks to integrate scholarship and personal development with social, ecological, artistic and cultural action to support students who want to effect positive change in the world.
Vermont scored well in enacting balanced policies that enhance the delivery of effective pain management for patients battling a chronic disease such as cancer, according to a new report issued by leading researchers and patient advocacy groups. Nationwide, the findings showed that states have made considerable progress over the last decade in enacting policies that enhance access to pain care, including the use of pain medications, and minimizing potential treatment barriers.
by John McClaughry Vermonters moan about their steadily rising education property taxes, especially as the number of students continually decreases. Rarely do citizens focus clearly on the causes of rising school taxes, and the possible solutions. That is, in part, because the “education stakeholders” are ever alert to control the agenda for “reform”.
For the 4th year in a row, US News & World Report has designated Burlington-based Fletcher Allen as a “Best Regional Hospital” after a thorough review of quality indicators and a national survey of specialists. The US News rankings, now in their 25th year, recognize hospitals that excel in treating the most challenging patients. Only 14 percent of the 5,000 hospitals analyzed earned Best Regional status.
The Vermont Attorney General’s Office has filed suit against Dollar Tree Stores, Inc, a national discount chain based in Chesapeake, VA, for violating a 2010 settlement with the State to stop selling jewelry. The settlement, contained in an Assurance of Discontinuance under the Vermont Consumer Protection Act, resolved claims that Dollar Tree sold products containing high amounts of toxic lead and cadmium in violation of Vermont law, and was intended to protect Vermont’s children from exposure to those and other toxic substances.
Vermont Business Magazine Pier 1 Imports opened its first corporate-owned store in Vermont with much fanfare in South Burlington. The store, which officially opened on Tuesday, completes Pier 1 Imports’ retail presence in each of the 50 states across the country. Customers were lined up waiting to get in as an A-list of local dignitaries opened the two-store shop next to the also brand new Trader Joe's off Dorset Street.