RUTLAND, Vt. (AP) - Vermont's largest electric utility says its customers won't be seeing any increases in their base rate for power for at least two years.
In a Friday filing with the utility regulating Public Service Board, Green Mountain Power said efficiencies from its merger with Central Vermont Public Service and a continued focus on cost controls means the company can hold base rate flats for the foreseeable future.
The utility says the new rates include $15.5 million in savings from the merger.
GMP says their promise not to increase rates comes as many other New England utilities are seeking significant rate increases.
GMP President Mary Powell says the utility's strategy is paying off, operating cost effectively and obtaining long-term commitments for affordable, clean and reliable power.
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