Green Mountain Power and AARP Proposal for Low-Income Pilot Program Approved
30 Mars 2007 - 10:26PM
Business Wire
Green Mountain Power (NYSE: GMP) and the AARP today announced that
the Vermont Public Service Board has given approval to a low-income
Pilot Program, which would provide a discount on monthly energy
charges to eligible low-income customers after Green Mountain
Power�s acquisition by Gaz Metro is completed. �As a result of
discussions in the regulatory process for our merger agreement with
Gaz Metro, Green Mountain Power proposed that $1 million be devoted
to fund a three-year Pilot Program to assist low-income customers.
We hope the Pilot Program will help us and the state better
understand the needs of the low-income community so that we can
determine the best, most effective ways to help customers who
struggle with their electric bills,� said Chris Dutton, Green
Mountain Power president and chief executive officer. Under the
Pilot Program, Green Mountain Power will provide a 10 percent
discount for participating low-income customers, who would also be
protected from disconnection when the weather is expected to be
below freezing. The Pilot Program would be available to customers
whose annual household income is at or below 200 percent of the
federal poverty level. �We�re pleased that the Vermont Public
Service Board and Green Mountain Power recognize the positive
impact an electric assistance program like this can have on our
most vulnerable Vermont households,� said Philene Taormina, AARP
Vermont advocacy director. �It represents an important first step
in addressing a critical affordability problem facing thousands of
Vermonters.� Before the program goes into effect, Green Mountain
Power will request the Vermont Public Service Board to modify its
alternative regulation plan to implement the Pilot Program. The
Board has indicated it would expect to review it expeditiously once
filed. Green Mountain Power (www.greenmountainpower.biz) is an
electric utility operating company that transmits, distributes and
sells electricity and utility construction services in the State of
Vermont in a service territory with approximately one quarter of
Vermont�s population. It serves approximately 90,000 customers.
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