• 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
    2 Comments
    MORE IN This Just In
    PROCTOR — A citizen committee has finalized a survey to poll residents on a new town office... Full Story
    An attorney for environmental advocate Annette Smith has asked the Vermont attorney general’s... Full Story
    RANDOLPH CENTER — A Midwest farmer with an innovative approach to managing his dairy operation... Full Story
    More Articles