VPR News
VPR News
Promising Local Investments, CVPS And GMP Plan To Merge
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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
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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
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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.VPR News
Fortis Calls Gaz Metro Bid For CVPS “Hostile”
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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.VPR News
Shumlin Says He Prefers Gaz Metro Bid For CVPS
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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?VPR News
CVPS Board Authorizes Talks With Gaz Metro
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Central Vermont Public Service says it will consider the latest takeover bid for the company. Earlier: Canadian Firms May Want Control Over GridVPR News
GMP Parent Company Makes Offer To Buy CVPS
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The parent company of Green Mountain Power, Vermont’s second largest utility, has made an offer to purchase Central Vermont Public Service.VPR News
CVPS To Seek PSB Approval For Sale
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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