§ 3045 - Conservation and load management - Vermont Statutes

§ 3045. Conservation and load management

(a) Cooperatives may expend their funds, including without limitation the proceeds of their notes, bonds or other obligations, for the purposes of modifying demand for electric capacity or energy through conservation or load management by participation in such facilities, projects and programs as the governing board of the cooperative determines will effectively accomplish such purposes. Such facilities, projects and programs may include, but shall not be limited to, providing or financing facilities or programs for conservation or load management, which may be: (i) owned or operated by the cooperative or by others, (ii) leased or licensed by the cooperative to others, or financed by loans by the cooperative to others, in either case on such terms and conditions as the governing board of the cooperative may determine.

(b) A cooperative may issue its notes, bonds or other obligations pursuant to any statutory authority conferring such power for carrying out the purposes of this section. (Added 1989, No. 112, § 5a, eff. June 22, 1989.)