Vermont’s second-largest power company – which could soon be the state’s largest – is seeking a 3.2 percent rate increase.
Green Mountain Power said Wednesday that capital expenditures and a slight increase in power costs are behind the need for what would be its second rate hike in as many years.
The company says a residential ratepayer using 600 kilowatt-hours a month would see the monthly bill climb from $96 to $99.
GMP’s parent company, Montreal-based Gaz Metro, recently announced plans to acquire Vermont’s largest power company, Central Vermont Public Service, and combine the two companies. That acquisition is awaiting regulatory approvals.