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VT Gas pulls the plug on pipeline expansion to NY

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Vermont Gas President and CEO Don Rendall is still waiting for a dull moment.

Nearly two weeks before he officially took over as CEO from his predecessor Don Gilbert on Jan. 1, Rendall announced a second cost increase for Phase 1 of Vermont Gas' natural gas pipeline expansion from Colchester to Middlebury. The price went from $121.6 million to $154 million. The original cost estimate was $86 million.

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