Green Mountain Power Generating Sources Among Lowest in Emissions
07 Mars 2007 - 7:46PM
Business Wire
Green Mountain Power Corporation (NYSE:GMP) announced today that
only two percent of its fuel mix for 2006 was from carbon dioxide
emitting sources, compared to a national average of nearly 70
percent from emitting sources, according to the Energy Information
Administration. More than half of Green Mountain Power�s sources
came from water, wood or wind. �We have consistently worked to
reduce emissions at Green Mountain Power, both in our operations
and in the fuels we use to supply our customers with electricity,�
said Christopher L. Dutton, president and chief executive officer
of Green Mountain Power. �In 2006, we achieved the lowest
proportion of emission-producing fuels that we�ve had in decades.
We were able to take advantage of additional hydro power resources
from Hydro Quebec and we experienced near record-breaking
production at our own hydro facilities, which helped reduce the use
of fossil fuels,� he added. Green Mountain Power uses no coal and
in 2006 sold more power into the New England market than it
purchased. Green Mountain Power owns and operates eight
hydroelectric plants in Vermont. Hydro generation in 2006 was 30
percent greater than the 20-year average, with several plants
recording the highest annual generation in 31 years of record.
Overall production was the third highest total in 31 years of
record, producing 161,937 megawatt hours. At a 2006 cost of 3.6
cents per kilowatt hour, Green Mountain Power�s own hydro
generation is its second lowest cost source. Power generated at
Green Mountain Power�s wind generating station is its lowest cost
source, at 3.1 cents per kilowatt hour. �With the world focused on
how to combat global climate change, we are proud that this year
our carbon footprint is so small,� said Mr. Dutton. �Our challenge
in the future will be how to keep our emissions low as we replace
the contracts for power from Vermont Yankee and Hydro Quebec, which
expire in 2012 and 2015, respectively.� The complete breakdown of
Green Mountain Power�s fuel mix in 2006 is: hydro 50.4%, nuclear
43%, wood 4.3%, oil/natural gas 2.2%, and wind 0.1%. Water, wood
and wind together produced 55 percent of the total. (Renewable
Energy Credits, or RECs, were sold for a portion of the energy
generated at Green Mountain Power�s wind facility in Searsburg.
Energy associated with the RECs sold is not claimed as wind and is
0.5% of the total energy in 2006.) Green Mountain Power Corporation
(www.greenmountainpower.biz) is a Vermont-based energy services
company serving 90,000 electric customers. For further information,
please contact Dorothy Schnure, Manager of Corporate
Communications, at 802-655-8418.
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