A huge announcement Tuesday that affects two-thirds of all electric customers in Vermont. CVPS, the state's largest utility, has agreed to be sold to the same company that owns Green Mountain Power.
They will both be owned by Gaz Metro, a Montreal company. The all-cash transaction will provide CVPS shareholders with more than $35 dollars per share. CVPS claims the new agreement will result in $144 million in savings to customers over 10 years. The deal must still be approved by shareholders and regulators.
Michael Dworkin served on the Vermont Public Service board in the late 1980s and 90s. These days he is a professor at Vermont Law School. He appeared on The :30 to discuss the potential power deal. For more, watch the video.
Friday, April 18 2014 10:13 PM EDT2014-04-19 02:13:23 GMT
A mother and her five-old child were taken to Fletcher Allen Friday night after being hit by a car in Winooski. Police say the accident happened around 8-30 at the intersection of West Spring and NorthMore >>
A mother and her five-old child were taken to Fletcher Allen Friday night after being hit by a car in Winooski.More >>
Friday, April 18 2014 5:16 PM EDT2014-04-18 21:16:40 GMT
Vt. State Police say a small plane has crashed on Interstate 89 north in Highgate. A state airport official confirms that a single-engine aerobatic plane was in the vicinity of the Franklin County StateMore >>
The pilot of a small plane parachuted to safety before his aircraft crashed on Interstate 89 north in Highgate Friday. More >>