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Before the PSB: Uncertainty about Gaz Metro control over VELCO’s future gives publicly owned power companies pause

26 Nov

The elephant in the Vermont utility room may get even larger, and smaller, public utilities want to have a say in what happens down the road.

Five parties have intervened on behalf of small, publicly-owned utilities or cooperatives in a proceeding in front of the Vermont Public Service Board regarding the merger of the state’s two largest utilities — Green Mountain Power and Central Vermont Public Service Corporation. In September, the two electric power companies filed a petition with the board to merge into one utility. If the board, which is a judicial body, approves the deal, Green Mountain Power, owned by Montreal-based Gaz Metro, would emerge as the surviving company.

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Comments Off on Before the PSB: Uncertainty about Gaz Metro control over VELCO’s future gives publicly owned power companies pause

Posted by on November 26, 2011 in Uncategorized

 

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