When tiny Readsboro, population 785, put the town electric department up for sale, both of Vermont’s two major investor-owned power companies submitted bids. But Readsboro is playing hard to get.
The Select Board in the town on the Massachusetts line had been looking for a year for a buyer to take over the system and make needed upgrades.
Board member Charlotte Clark says the board couldn’t decide between a $200,000 offer by Green Mountain Power Corp. and a $167,000 deal proposed by Central Vermont Public Service Corp.
Town voters would have to approve such a sale. Officials say they hope they can find a buyer in time to put the matter to voters at the annual Town Meeting in March.