The Burlington city council approved the proposed rate increase request on Monday, which will now be forwarded to the Vermont Public Service Board for approval. The increase would apply to electric service after May 1st.
I have a few thoughts on this. First, my wife Heavenly and I attended the Board of Finance meetings last year where Burlington Electric was seeking an increase then. As we know, the voters approved a ballot item last year to allow Burlington Electric to borrow more money. It seems that Burlington Electric has been borrowing a bunch of money over the years to further the fa