Green Mountain Power Corp. (GMP) and Central Vermont Public Service (CVPS) have filed a petition with the Vermont Public Service Board (PSB) for the planned acquisition of CVPS by Gaz Metro LP, as well as for the merger of GMP and CVPS into one utility.
‘Today's filing with the PSB represents an important step in the process of combining two great Vermont companies,’ said Mary Powell, president and CEO of GMP, and Larry Reilly, president and CEO of CVPS, in a joint statement. ‘This combination is a unique opportunity that will allow us to deliver lower rates and higher quality service than if the companies continued to operate as standalone entities.’
Gaz Metro, GMP and CVPS originally announced the acquisition and the agreement to merge in July.
