A key Vermont lawmaker says he expects to offer an amendment on a budget bill that could put the state on a path toward majority ownership of the backbone of its electricity grid.
A
state senator is calling for an independent counsel to review the sale of the
state’s largest utility to a Canadian company. Essex-Orleans
Senator Vince Illuzzi says the Shumlin administration is biased in favor of the
deal, so an independent review is needed to protect the public interest.
Central Vermont Public Service shareholders have approved the proposed
merger of their company with the parent of Green Mountain Power. The utility says stockholders representing nearly 98 percent of the outstanding
shares voted in favor of selling the company to Gaz Metro of Quebec.
Where does the agreed-upon sale of CVPS to Gaz Metro go in the months ahead? We look at the approval process. Plus, VPR’s John Dillon recaps our "UVM At A Crossroads" series. And, we visit the Museum of Everyday Life in Glover.
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.
Vermont’s two largest electric utilities appear destined to become one.
The Central Vermont Public Service board has endorsed a bid to be bought
by Gaz Metro, which already owns Green Mountain Power.
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.
As it tries to judge the competing bids for Central Vermont Public Service Corp., the Rutland Region Chamber of Commerce says its top concerns are low rates and reliable power.