Vermont Utilities Merge

photo by gayle hedrington

Late last week the Vermont Public Service Board (PSB) approved an historic combination of Green Mountain Power and Central Vermont Public Service (NYSE: CV). After more than nine months of testimony and extensive deliberations, the PSB said the merger would benefit customers and be in the public good. The approval is an important step in creating one utility that will provide hundreds of millions of dollars of savings and other benefits for its Vermont consumers. A formal closing is expected in late June.

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