Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1911-08-25
BIG POWER PROJECT
Development on DeerfieId Will
Exceed that at Vernon
VIII Be Largely In Vermont and VIII
Benefit rattleboro-Agreemen for $3,-
ooo, 900 Bond Issue.

Additional details of the project for
the much discussed hydro electric de-
velopment of the Deerfed river, pro-
noted by interests connected with
the Connecticut River Power COM
pany were given out in Boston Monday,
when the completion of an underwriting
agreement for the issuance of $1,000 900
per cent 4O-years gold bonds and $780,
900 per cent cumulative preferred stock
became known. The New England Wat
erpower company has made an under
writing agreement with a banking syn
dicate headed by Baker, Ayling & Co..
of Boston, in pursuance of which the
bonds and stock will be issued. The
work has been plannel by Arnold b.
Chace, jr, Providence and Henry I.
Hartman of Boston.
While engineering estimates show that
this financing should provide generating
plant and transmission lines for some
$4,000 horse power, it is likely to be only
step in the eventual development of
Deerfield river water-power rights now
controlled by the same interests Such
development, however, doubtless will be
spread over future years and it is
figured that it will entail expenditures of
between $12,000,OOO and $14OO0OOO.
The Connecticut River Power company
has already sold practically its entire
output and an immediate market is as
sured for the Deerfleld river power to
be made available by the pending finan-
cling 1t is planned to connect the Deer
field river lines with those of the Con-
necticut River Power company, making
it possible for the combined system to
serve a wider territory.
Initial construction will result in
damming the Deerlield river in four
places near Shelburne Falls, as well
the creation of reservoir at Somerset,
where water will be impounded to a
height of 100 feet and over an area of
approximately six square miles.
Inc ultimate development of power
will be to Il large extent in Vermont, the
financial interests already owning the
power sites and nowage rights necessary.
Work will be begun shortly both in Yer
mont and Massachusetts. The legisla-
| ture of 1905 granted a charter for the
| Vermont development under the name of
| the Wilmington Power IL Paper company,
! with the right to change the name of the
| corporation as the stockholders might de-
| sire. The name will be changed to the
| New England Power Company of Yer
! mont. There will be also the New Eng
| land Power Company of Massachusetts,
| which will be owned by the same inter-
! ests. Development will be carried on
together. The storage development in
| Vermont will be of course for the benefit
of both the Vermont development and
power and the Massachusetts develop
| ments.
1t is expected that a very large use of
the electric power will be found and de-
veloped in the Deerfield valley, both in
| Vermont and Massachusetts, What is
| not used in the Deerfield valley will be
| transferred by line to the power-sta
tion at Vernon and thence distributed
| So Brattleboro will have it's advantage of
this Deerfield power the same at the
| Vernon plant. Further than that, it is
expected that if the demand is sufficient
| a line will be run to Bennington. 1t is
| the purpose of the financial interests to
| develop the use of this power to as large
| an extent as possible i'm Vermont. on ac-
| count both of the near proximity of the
power plants and particularly the favor
able conditions with cheap power for the
| development of manufa turing in south
| ern Vermont.
The initial development on the Deer
| field will be as much all together as that
| at Vernon and ultimately there will be
| two or three times as much power de-
| veloped on the Deerfleld as at Vernon.
| Southern Vermont is likely to receive a
! tremendous impetus from this great
power development.