Most Active Stories
- Saratoga County Sheriff's Sgt. Resigns, Charged With Misconduct After Video Goes Viral
- Donation Of Historic Amusement Park May Be Brought To Referendum
- Maloney: de Blasio "Should Have Head Examined" After Withholding Clinton Endorsement
- Pittsfield's 3rd Thursdays Undergoes Changes For 2015 Season
- Western Massachusetts School Investigates Allegations Of Inappropriate Sexual Conduct
Wed August 1, 2012
Vermont's Largest Electric Utility Asks to Reduce Rates
Vermont's largest electric utility is asking state regulators for permission to reduce its rates by four-tenths of 1 percent.
Green Mountain Power says it's the utility's first request for a rate decrease since 1988 and the result of the company's merger with the Central Vermont Public Service Corp.
GMP says the merger, which received final approval from state regulators in June, guarantees $2.5 million in savings the first year.
If approved by the Public Service Board, the decrease will apply to residential, commercial and industrial customers.
Gov. Peter Shumlin calls the rate decrease a promising start for the new company.
The new utility serves about 70 percent of Vermont electric customers.
Copyright 2012 Associated Press. All Rights Reserved.