Utility District acquires BIPCo’s assets

Almost 30 months after Block island residents voted to purchase two-thirds of Block Island Power Co. stock — the yes votes outnumbered the no votes by a margin of two — 178-176 — the Block Island Utility District has acquired all of the assets of BIPCo.
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 two years of hard work, the

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