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.
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.
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.
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.
CVPS
says one or more thieves broke into several Bennington area substations yesterday to steal copper wire. Hundreds of customers in Bennington had their power interrupted while the damage was
repaired.
The
farmers who make electricity from cow waste will soon get a temporary boost in
their rates. The
state Public Service Board has responded to complaints from farmers and
lawmakers – and has agreed to double the payment under the "Cow Power" program.
Central Vermont Public Service Corporation
and the state say they’ve tentatively settled a complaint over the utility’s
staffing levels. They’ve reached an agreement that calls on the company to
eliminate 17 jobs within five years.
Vermont’s largest electric utility has won regulatory
approval to expand or investigate new renewable energy projects. Central Vermont Public Service says the improvements and the studies
will cost $350,000.