Proposal for study on state ownership of VELCO dies with legislative session’s end

A bill that called for a study on the costs, benefits and risks associated with Vermont’s acquisition of up to a 51% ownership interest in Vermont Electric Power Company (VELCO) died with the end of the state legislative session.

Kerrick Johnson, VELCO’s vice president for external affairs, also told TransmissionHub May 29 that two Senate committees voted to oppose the measure, S.172.

The legislation was prompted by the proposed merger of Central Vermont Public Service and Green Mountain Power (GMP), whose parent company is Gaz Métro.

Dorothy Schnure, GMP’s manager of corporate communications, told TransmissionHub May 29 that the company is waiting for a decision by Vermont state regulators, which is anticipated sometime in June. “We are hoping to close by the end of June,” she said.

About Corina Rivera-Linares 3106 Articles
Corina Rivera-Linares, chief editor for TransmissionHub, has covered the U.S. power industry for the past 15 years. Before joining TransmissionHub, Corina covered renewable energy and environmental issues, as well as transmission, generation, regulation, legislation and ISO/RTO matters at SNL Financial. She has also covered such topics as health, politics, and education for weekly newspapers and national magazines. She can be reached at clinares@endeavorb2b.com.