Seven Firms Vie To Appraise Dams

12/15/09 6:06AM

Seven firms are competing to appraise the value of eight hydroelectric dams on the Connecticut and Deerfield rivers in Vermont and New Hampshire.

Earlier this year the Vermont Legislature appropriated $200,000 to appraise the dams owned by TransCanada Hydro Northeast as a way to help small cash-strapped towns determine the dams' value for tax purposes.

The Rutland Herald says that one of the firms seeking to do the appraisals is from Vermont.

Bill Johnson of the Vermont Department of Taxes says one requirement of the appraisal contract is so new tax figures would be available for towns to use for the 2010 tax year.

Six of the dams are on the Connecticut River between Vermont and New Hampshire. Two are on the Deerfield River in Vermont.

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