It looks like IBM is leveraging job cuts and the bad economy in an attempt to op-out of the Efficiency Vermont obligation.Currently in the plan out of IBM’s $1.6 million given to Efficiency Vermont it got 90% back by following rules to create efficiencies. It is a complicated payment process but the basic op-out plan proposed would rely on IBM doing voluntarily what it now is required to do by law .Compliance would be verified after the fact by an audit .This must be part and parcel of the self-certification compliance style that Governor Douglas spoke of so movingly in his inaugural address .All the buzz words we have been hearing are in play here,flexibility,op-out and others too numerous to mention. If this obligation is removed where are the guarantees and auditors going to be and where are the penalties for non-compliance ?
In what way does IBM envision using this flexibility it so desires ?
House Natural Resources and Energy Committee Chairman Tony Klein, D-East Montpelier, said he’s inclined to make the change”If there are things we can do to help them without doing any harm, then we should do it,” Klein said. “On the surface, it sounds like a beneficial idea to everybody involved, but we have to make sure it is.”
O’Kane, government affairs director for IBM laid down IBM’s concerns about energy costs in meetings with two House committees Wednesday, he offered a stark reminder of why legislators might want to help: The company’s 5,300 employees receive more than $250 million in pay a year, he said. The economic benefits of that reach far beyond, he said.
…The company wants the state to allow large corporations that agree to do at least $1 million a year in energy-efficiency work to opt out of contributing to Efficiency Vermont, a state program funded through a charge on every electric bill, O’Kane said. By running its own efficiency program, IBM would have more flexibility, “It would, in our view, be much more effective if we could make investments and then get audited,”
