Tagged: International Paper

A Vermont company has signed a deal to build a natural gas pipeline under Lake Champlain to transport fuel to a New York paper plant.

Vermont Gas says the line to International Paper in Ticonderoga, N.Y., is to be completed within three years.

The deal is costing the plant $70 million. It will need state and federal permits.

New York Senator Charles Schumer toured the International Paper plant in Ticonderoga Friday afternoon to assess energy usage and talk about a veterans job program.

Senator Schumer has been touring businesses and manufacturers across the state that hire, or are interested in hiring, veterans.  The Senator is working to renew the Returning Heroes and Wounded Warriors Tax Credit that gives businesses up to 96-hundred dollars in tax credits if they hire veterans. But Schumer noted that the program expires at the end of the year if Congress fails to extend it.