GMP customers to pay storm damage surcharge - WCAX.COM Local Vermont News, Weather and Sports-

GMP customers to pay storm damage surcharge

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Just ten days ago Green Mountain Power said it would not be raising electric rates for the next two years.

But now the utility has informed customers it will be adding a storm surcharge of $1.53 to bills beginning next month. The company says it needs the extra money to offset the cost of four major storms in 2013.

"We do budget for a certain number of storms but as I said a major event is not included in our budget -- that is left to be separate -- so that if we do hit a major event we can go back and collect a portion of that GMP absorbs -- certainly a portion of that -- but that is dealt with as a separate line item. So the customers are not paying for that year to year they are only paying for that if a storm occurs," said GMP's Dottie Schnure.

Schnure says the good news is there are other costs that fluctuate, so for the first quarter of next year GMP bills will have a power supply adjustment credit that will pretty much offset the storm surcharge.

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