With tag: gmp_cvps_merger

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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
Rutland Business Leaders Weigh Benefits Of Competing Bids For CVPS
Wednesday, 07/06/11
By Ross Sneyd
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.
VPR News
In Rutland, Concern That CVPS Bid May Cost Jobs
Thursday, 06/30/11
By Bob Kinzel
Some in Rutland say the region's economy might suffer by the bidding competition for Central Vermont Public Service. Rutland Senator Kevin Mullin is urging shareholders of CVPS to reject an offer made by Gaz Metro.
 MP3 Available 
Commentaries
Mallary: Bidding on CVPS
Thursday, 06/30/11
By Dick Mallary
Commentator Dick Mallary says that the idea of a merger between CVPS and Green Mountain Power isn't entirely new.
 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
CVPS Board Says New Sale Offer Likely Better
Tuesday, 06/28/11
The board of directors of Vermont's largest electric utility says an unsolicited bid to buy the company could lead to a better proposal than that made by a different firm.
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
Statewide Power Grid In Middle Of Battle For CVPS
Thursday, 06/30/11
By John Dillon
A high-stakes battle is under way for control of the state's largest utility. But there's another company that's potentially at play in the takeover fight between Canadian companies.
 MP3 Available 
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