GMP Seeks 3.2 Percent Rate Increase

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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.

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