§ 603 - NEPOOL agreement - Vermont Statutes

§ 603. NEPOOL agreement

The New England power pool agreement may provide for, among other things:

(1) the pooling of power;

(2) coordination of planning, construction and operation and the manner of establishing and enforcing standards and other requirements;

(3) delegation of authority to administrative committees;

(4) amendments of the agreement by vote or other action of the participants or of committees in the manner specified therein, subject to the right of any participant to withdraw in the event of its nonconcurrence with an amendment;

(5) appointment of representatives to act for one or more participants in regard to amendments and other matters;

(6) the allocation of pool expenses among participants;

(7) the provision of new, altered, improved or enlarged facilities by the participants subject to such proceedings as may be required by law for undertaking or financing any such project;

(8) limitations on other actions by the participants which might be inconsistent with the agreement or might adversely affect its implementation;

(9) arbitration; and

(10) other matters deemed necessary or desirable in order to carry out the purpose of the agreement. (Added 1973, No. 167 (Adj. Sess.), eff. March 25, 1974.)