Almost 30 months after Block Island voters narrowly voted to approve the purchase of two-thirds of Block Island Power Co. stock, the Block Island Utility District has announced the acquisition of all BIPCo assets. The acquisition fulfills the goal of creating a non-profit ratepayer-controlled utility district.
A press release issued by the Utility District’s Board of Commissioners made the announcement on Tuesday, March 26:
“Monday, March 25, 2019 marks an historic day for Block Island: the Block Island Utility District acquired all the assets of the Block Island Power Company (BIPCo). After
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