After a four-hour emergency meeting Tuesday night, the New Haven selectboard ratified a set of terms that could pave the way for building a big electric power converter station in town and pour millions of dollars into municipal coffers. “We’re 99.5 percent there, maybe 99.9 percent there,” said Selectman Steve Dupoise, a member of the team negotiating with developers of the Vermont Green Line (VGL), which would bring wind and hydro power from upstate New York into the New England grid at the VELCO substation in New Haven. “Many people have worked many hours and very hard at getting us to where we are,” he added. According to Dupoise, the term sheet between New Haven and VGL representatives was finalized Tuesday before the selectboard meeting. The selectboard discussed that proposal, in executive session, from 7 to 11 p.m. and voted in favor, with only minor changes.
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