VT renewable energy laws fundamentally flawed

"A petition has been filed with the Federal Trade Commission (FTC) to investigate the claims and practices and Green Mountain Power (GMP) in the marketing of renewable energy to Vermont customers.
The petition was filed by the Environmental and Natural Resources Law Clinic at Vermont Law School, and claims that, pursuant to Vermont's Sustainably Priced Energy Enterprise Development (SPEED) law, which allows Vermont utilities to sell the renewable energy credits associated with renewable energy resources and also to count them in Vermont.  GMP has represented this "double-counting" to its customers and to the public as providing electricity from renewable sources, thereby reducing the customer's carbon footprint and protecting the environment, according to the complaint.
In fact, the petition states that GMP both counts the Renewable Energy Credits (REC) generated by these sources against Vermont's renewable energy goals while also substantially selling all of these RECs to out-of- state utilities who, in turn, count them against their mandatory Renewable Portfolio Standards (RPS). The result is that Vermont customers are misled into thinking that they are buying "renewable energy," when they are getting "null" electricity consisting of a mix of fossil fuel, nuclear, gas and other "brown" sources of electricity from the regional grid, according to the petition. "
http://www.fierceenergy.com/story/vt-renewable-energy-laws-fundamentally-flawed/2014-09-17?utm_medium=nl&utm_source=internal