• GMP plans to limit rate increases
    August 01,2013
    • Email Article
    •  Print Article
    Staff Report

    Green Mountain Power Corp. has come up with a plan to limit rate increases to 2.46 percent this year and no more than 2.5 percent the following year.

    GMP filed its two-year rate plan Thursday with the Public Service Board .

    GMP said the two-year proposal uses $13 million in cost savings related to last year’s merger of GMP and Central Vermont Public Service Corp. The savings would reduce $24 million in costs associated with GMP’s share of New England-wide investments in the transmission network.

    If approved by the PSB, the first year rate increase of 2.46 percent would take effect Oct.1.
    • Email Article
    •  Print Article
    MORE IN This Just In

    The Rutland City Fire Department responded to an alarm Friday at the General Electric plant... Full Story

    A driver ran a red light and crashed into another vehicle Friday afternoon at the entrance of... Full Story

    Cars collide at mall entrance

    WEST HARTFORD — A teenager was killed and another person was critically injured when... Full Story

    One dead, one critical after train mishap
    More Articles