Petition Against Town of New Shoreham's Ownership of BIPCO
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The Block Island Power Company should not be owned by our town. Taxpayers and Ratepayers should not bear the financial obligations relating to environmental remediation of BIPCO’s property. The use of $1.8M of taxpayer money to fund the purchase of only 2/3 of the company stock and the assumption of BIPCO'S debt obligations financially burdens our community when there are other, more pressing infrastructure needs.
We, the undersigned, are concerned citizens who request that the town council take action to divest the 2/3 ownership of the Block Island Power Company and seek private responsibility for the costs relating to environmental remediation of the BIPCO property.
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