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PETITION OF VT. ELEC. GENERATION & TRANS.

No. 85-241.

502 A.2d 841 (1985)

Petition of VERMONT ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE, INC.

Supreme Court of Vermont.

Reargument Denied October 10, 1985.

Attorney(s) appearing for the Case

Michael L. Burak and Jon T. Anderson of Goldstein, Manello & Burak, Burlington, for plaintiff-appellant.

Michael Marks, Montpelier, for defendant-appellee Dept. of Public Service.

Thomas J. Kennedy, St. Albans, for defendant-appellee VPIRG.

Before ALLEN, C.J., and HILL, PECK, GIBSON and HAYES, JJ.

GIBSON, Judge.

Vermont Electric Generation and Transmission Cooperative, Inc. (VEG & T) appeals from a decision of the Vermont Public Service Board (Board) denying its petition for approval of long-term financing. In the proceedings before the Board, VEG & T sought permission to convert into permanent, long-term financing from the Rural Electrification Administration (REA) some $634,000 in short-term borrowings it had accumulated while making payments toward...

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