With tag: central_vermont_public_service

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VPR News
PSB Approves Green Mountain Power-CVPS Merger
Friday, 06/15/12
By John Dillon
The Vermont Public Service Board has signed off on the merger of the state's two largest utilities.
 MP3 Available 
VPR News
Campbell Expects Legislative Action On CVPS Refunds
Thursday, 04/05/12
The leader of the Vermont Senate says he expects lawmakers will try to force the Public Service Board to order refunds to ratepayers for CVPS, which is currently in the midst of a merger.
VPR News
Debate Over Utility Refunds Reaches Lawmakers
Friday, 03/23/12
Debate is heating up among Vermont lawmakers about a payback due to utility ratepayers now that their electric company is being sold.
VPR News
AARP-Vermont Works To Influence Proposed Utility Merger
Thursday, 03/15/12
By John Dillon
The advocacy group continues to advertise about Green Mountain Power's plan to take over and merge with Central Vermont Public Service. The group delivered petitions with the signatures of 15,000 customers of CVPS.
VPR News
Utility Merger May Not Translate To Ratepayer Savings
Tuesday, 01/31/12
By Jane Lindholm
Vermont Press Bureau Chief Peter Hirschfeld talks about what the potential merger between Central Vermont Public Service and Green Mountain Power means for ratepayers.
 MP3 Available 
VPR News
Rutland Negotiates Agreement, Now Supports GMP-CVPS Merger
Friday, 01/20/12
By Nina Keck
Members of the Rutland City board of Aldermen say they now support the proposed merger between Central Vermont Public Service and Green Mountain Power.
 MP3 Available 
VPR News
Nuclear Watchdog Group: 'We Told You So' On Towers
Saturday, 01/14/12
A nuclear watchdog group is reacting to a suit by Vermont utilities over failures of the Vermont Yankee nuclear plant's cooling towers by saying they warned of just such problems.
VPR News
VELCO Plays Down Concerns About Control Of Transmission Grid
Tuesday, 01/10/12
By John Dillon
Control of the statewide transmission grid has emerged as a major issue as regulators review a proposed merger between the state's two largest utilities. Critics say the merged company under Canadian ownership is more likely to use Vermont as a corridor to import electricity from Quebec. But the transmission company is playing down those concerns.
 MP3 Available 
VPR News
CVPS Signs Deals For 20 Percent Of Its Power Needs
Monday, 08/01/11
By John Dillon
Central Vermont Public Service has signed two new power supply contracts. The company says the deals will fill a gap that will develop when a contract with Vermont Yankee ends.
VPR News
CVPS: More Utility Mergers Expected
Wednesday, 07/13/11
By Ross Sneyd
Central Vermont Public Service has agreed to a deal to be bought out by Gaz Metro and merged with its Green Mountain Power subsidiary. The president of CVPS says there could be more mergers in the state's electric utility industry.
VPR News
GMP And CVPS Say Merger Could Save Ratepayers Millions
Tuesday, 07/12/11
By Ross Sneyd
Leaders of Central Vermont Public Service and Green Mountain Power say their merger will save ratepayers $144 million dollars over the next decade.
VPR News
Promising Local Investments, CVPS And GMP Plan To Merge
Tuesday, 07/12/11
By Ross Sneyd
In a $702 million deal, Vermont's two largest electric utilities have agreed to merge under the ownership of a Canadian company. The agreement announced Tuesday calls for investments in Rutland.
VPR News
CVPS Signs Sale Agreement With Gaz Metro
Tuesday, 07/12/11
By Melody Bodette
Central Vermont Public Service has signed an agreement to be sold to Montreal-based Gaz Metro. The CVPS board says they've terminated a previous agreement reached with the Newfoundland-based company Fortis.
VPR News
Analysis: Competing Bids For CVPS
Friday, 07/01/11
By John Dillon
VPR's John Dillon looks at the competing bids from two Canadian power companies for the purchase of Central Vermont Public Service, the state's largest electric utility.
 MP3 Available 
VPR News
Fortis Calls Gaz Metro Bid For CVPS "Hostile"
Wednesday, 06/29/11
By Nina Keck
Bidding wars may be common in the corporate world. But industry observers say the drama that's unfolding around the possible sale of Central Vermont Public Service is unusual among regulated utilities.
 MP3 Available 
VPR News
Shumlin Says He Prefers Gaz Metro Bid For CVPS
Tuesday, 06/28/11
By Bob Kinzel
Two Canadian utilities are engaged in a bidding war to purchase the state's largest utility, the Central Vermont Public Service Corporation. And Governor Peter Shumlin clearly favors one of the bids. Experts: Canadian Firms May Want Control Over Grid Comment: What is the better deal?
 MP3 Available 
VPR News
CVPS Board Authorizes Talks With Gaz Metro
Tuesday, 06/28/11
By Ross Sneyd
Central Vermont Public Service says it will consider the latest takeover bid for the company. Earlier: Canadian Firms May Want Control Over Grid
VPR News
GMP Parent Company Makes Offer To Buy CVPS
Thursday, 06/23/11
By Nina Keck
The parent company of Green Mountain Power, Vermont's second largest utility, has made an offer to purchase Central Vermont Public Service.
 MP3 Available 
VPR News
CVPS To Seek PSB Approval For Sale
Thursday, 06/09/11
By Ric Cengeri
Last week, Central Vermont Public Service announced that it had agreed to be sold to Fortis, Incorporated - a Canadian company-for $700 million. The next step in the process is for the two utility companies to file a petition with the Public Service Board for approval.
VPR News
CVPS Agrees To Be Bought Out By Canadian Co.
Monday, 05/30/11
By Nina Keck
Central Vermont Public Service has agreed to be bought by one of Canada's largest utility companies - Fortis Incorporated. CVPS says the $700 million deal will benefit shareholders and customers, and will not hurt CVPS employees, or the company's Rutland headquarters
 MP3 Available 
VPR News
State's Largest Utility Sees Change In Leadership
Tuesday, 05/03/11
By Nina Keck
Central Vermont Public Service marked a change of the guard today at its annual meeting. Outgoing President Bob Young was honored for his 24 years with the company and new president Larry Reilly took over.
VPR News
Public Service Board Approves Hydro Quebec Power Deal
Tuesday, 04/19/11
Governor Shumlin and Vermont's two largest utilities are cheering the Public Service Board's approval of a 26-year electricity contract with Hydro Quebec.
VPR News
CVPS Buys Local Hydro Producer
Thursday, 03/03/11
By John Dillon
The state's largest electric utility is buying one of Vermont's smallest. Central Vermont Public Service has agreed to buy the assets of the Vermont Marble Power Division of Omya.  
VPR News
Chief Of Vermont's Largest Utility To Retire
Thursday, 07/08/10
By John Dillon
Bob Young, the chief executive of Central Vermont Public Service, plans to retire next year after nearly 16 years on the job.
 MP3 Available 
VPR News
CVPS Apologizes For Disparaging Low-Income Customers
Thursday, 07/01/10
Vermont's largest electric utility is apologizing for implying that rates should not be reduced for low-income customers, because they might spend the savings on cigarettes.
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