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GMP will lower rates due to big profits at Vermont Yankee - WCAX.COM Local Vermont News, Weather and Sports-

GMP will lower rates due to big profits at Vermont Yankee

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SOUTH BURLINGTON, Vt. - Green Mountain Power customers will see lower rates thanks to big profits at Vermont Yankee.

Under a deal with Entergy, made in 2002, the company agreed to share profits starting in 2012. Prices were unusually high this winter on the open market because of the cold weather. That translates into nearly $18 million in revenue sharing for GMP so the utility says it plans to use the windfall to further lower rates.

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