Green Mountain Power statement on vote to reject Browning amendment regarding CVPS merger
GMP: “The discussion over how to return the $21 million obligation has distracted from the significant benefits of the merger.”
House passes resolution on CVPS, Green Mountain Power merger
The House approved an amendment from Rep. Oliver Olsen blocking utilities from recovering rates from weatherization.
Updated Story: Senate approves policy requiring utilities to return bailout money to ratepayers; House wades into debate
In a rare show of solidarity on one of the most contentious issues of the session, the Senate approved the provision 27-3.
Lunderville named CEO of NG Advantage, natural gas company founded by Evslin
NG Advantage will purchase natural gas from existing transmission pipelines, compress it, and load it into specialized trailers, which will then be hauled to manufacturers and other energy intensive industries.
House, Senate likely to vote on CVPS, Green Mountain Power merger issue
It’s down to the wire for the Legislature and the Vermont Public Service Board as both zero in on a merger between the state’s two largest utilities.
Transmission upgrade investments yield big returns for CVPS and Green Mountain Power
For the past five years, utilities have invested hundreds of millions of dollars in the transmission system. These investments yield around $45 million in returns each year.
Former commissioner warns lawmakers not to interfere in merger case
Legislative intervention could undermine the authority of the Department of Public Service, Saudek said.
Ventriss: PSB alone should decide merger
Such action by the Legislature would create an undisciplined regulatory environment of uncertainty and unpredictability, which in turn would make future plans for business growth unfeasible, undesirable or unwise.
Merger’s heavy hitters warn against legislative intervention
Louise McCarren, former chair of the Public Service Board, told the House committees to tread lightly when considering interfering with the board’s work.
CVPS, Green Mountain Power merger will result in 116 job losses over five years
Gaz Metro estimates the labor savings to be worth about $110 million over a 10-year period.
