BNET Industries
Last Fiscal Year Sales:$240.4M
- Public
- US
Dow Jones Description
Green Mountain Power is an electric utility owned by Northern New England Energy Corporation, a wholly-owned subsidiary of Gaz Metro, a leading Quebec energy company with a long history of investment in Vermont. Green Mountain Power 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. During its 100-year-plus history, Green Mountain Power has gone through numerous changes. But what hasn't changed is our commitment to meet the challenges of the times with innovation and foresight. Our current rates are at the average of the major New England utilities. With long-term contracts with Hydro-Quebec and Vermont Yankee, our rates are likely to remain stable during volatile times. Our increased focus on renewables points to an even brighter and cleaner future. We also support and promote the state efficiency utility, Efficiency Vermont, which brings incentives, rebates, and efficiency programs to all Vermonters. Once we acquire power from our varied sources, we deliver it through a solidly maintained grid of poles, switches, transformers, and substations. Our 4,723 miles of wire deliver electricity with near-perfect regularity. Through a state-of-the-art global positioning system, we can pinpoint problems with stunning accuracy, particularly in rural areas. Last year, we averaged less than one outage per customer. ...
Number of Employees 192
Peer Companies
NAICS Code Other Electric Power Generation: 221119
Recent Events
-
Green Mountain Power Files for Wind Measurement Towers in Lowell
News & Analysis
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green mountain power corp. - All News and Analysis
Green Mountain Power Opens New "Green" Service Center in Westminster
- 2008-05-28
Customers of Green Mountain Power will benefit from faster response times and improved efficiency because of a new service center recently opened in Westminster. Residents of the area are invited to a free neighborhood barbeque on Thursday, May 29, from 4 p.m. to 7 p.m., to celebrate the grand opening...
Green Mountain Power Proposes "Solar Rates" to Spur Vermont's Solar Energy Market
- 2008-05-15
Green Mountain Power Corp. today announced a groundbreaking new approach to accelerate the adoption of solar energy by Vermont homes and businesses. In a request for a new service filed with the Vermont Public Service Board today, Green Mountain Power proposed the adoption of solar net metered electric rates,...
Green Mountain Power Exceeds Reliability Standards
- 2008-03-31
Green Mountain Power's customers experienced fewer outages in 2007 than in recent years, exceeding standards set by Vermont regulators. "Our customers consistently tell us that providing reliable power is the most important thing we do, and in 2007 we had fewer customer hours without power, despite significant storms hitting...
Vermont's Two Largest Utilities Meet Rigorous Emissions Reductions Goals
- 2008-01-15
COLCHESTER, Vt. & RUTLAND, Vt. -- Central Vermont Public Service and Green Mountain Power today announced they have both successfully reduced greenhouse gas emissions in accordance with their commitments as members of the Chicago Climate Exchange[R] CCX, a voluntary, legally binding multi-sector market for reducing and trading greenhouse gas emissions....
Green Mountain Power Renewable Energy Rate Revised to Support Vermont Projects
- 2007-11-30
COLCHESTER, Vt. -- The Vermont Public Service Board today approved revisions to Green Mountain Power's renewable energy rate, called GreenerGMP. The revisions allow Green Mountain Power to use all the proceeds from the customers purchasing energy under GreenerGMP to purchase Vermont renewable energy projects as they become available, rather than...
Green Mountain Power Files for Rate Adjustment of Less Than One Percent
- 2007-11-01
COLCHESTER, Vt. -- Green Mountain Power today asked the Vermont Public Service Board to authorize a 0.93 percent rate adjustment to go into effect on January 1, 2008, as part of its alternative regulation plan. "While we know any increase in rates can be difficult for our customers, we...
Green Mountain Power Encourages Hybrid Vehicle Purchases
- 2007-10-26
In addition to an aggressive program to reduce fuel usage in Company vehicles, becoming carbon neutral in its operations and being a leader by publishing an annual sustainability report, Green Mountain Power is now encouraging employees to reduce their own carbon footprint by purchasing fuel efficient vehicles. Eligible Green Mountain...
Green Mountain Power to Renovate Office Building Using Highest Environmental Standards
- 2007-09-27
Green Mountain Power's new service center in Westminster will incorporate extensive environmental design techniques and materials intended to qualify it for LEED certification standards. "Designing and constructing buildings so that they are highly energy efficient as well as being comfortable and healthy for employees makes good business sense, while...
Green Mountain Power "choose2bgreen" Program Allows Customers to Go Carbon Neutral
- 2007-04-23
Vermont Utility Also Reduces its Own Carbon Footprint to Zero COLCHESTER, Vt. -- Amid growing concerns over global warming, Green Mountain Power today announced "choose2bgreen," a program that provides customers with a way to neutralize their carbon footprint through renewable power and home heating and driving offsets. Simultaneously, the...
Vermont Regulators Approve Acquisition of Green Mountain Power by Northern New England Energy Corporation, a Subsidiary of Gaz Metro Limited Partnership
- 2007-03-27
COLCHESTER, Vt. -- The Vermont Public Service Board PSB Monday issued its approval of Green Mountain Power Corporation's (NYSE: GMP) proposed agreement and plan of merger with Northern New England Energy Corporation NNEEC and its wholly-owned subsidiary Northstars Merger Subsidiary Corporation. The decision is the final regulatory approval necessary for...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Mary G. Powell | CEO |
| Dawn D. Bugbee | CFO & Vice President |
| Robert J. Griffin | CFO, Vice President & Treasurer |
| Donald J. Rendall | Vice President & Secretary |
| Dorothy Schnure | Manager, Corp Relations |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Robert Tessier | Chairman of The Board |
| Liz Bankowski | Board of Directors |
| Marc A. vanderHeyden | Board of Directors |
| Nord Brue | Vice Chair |
| Pierre Despars | Board of Directors |
| Robert Benoit | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Green Mountain Power Corporation | CEO | Current |
| Green Mountain Power Corporation | COO & Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Green Mountain Power Corporation | CFO & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Green Mountain Power Corporation | CFO, Vice President & Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Green Mountain Power Corporation | Vice President & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Green Mountain Power Corporation | Manager, Corp Relations | Current |
Robert Tessier has served as President and CEO of Gaz Metro since 1997. He began his career in the public sector as Vice Rector of the Universite du Quebec, Deputy Minister of the Ministere de l'Energie et des Ressources and Executive Vice President of Societe Generale de Financement. Tessier is also a director of the Canadian Gas Association.
| Organization | Position | Status |
|---|---|---|
| Gaz Metro Limited Partnership | CEO | Current |
| Gaz Metro Limited Partnership | President | Current |
| Northern New England Gas Corp. | President and CEO of Gaz Metro | Former |
| Northern New England Gas Corp. | Chairman of Gaz Metro's Board of Directors | Current |
| Gaz Metro Limited Partnership | Board of Directors | Former |
| Gaz Metropolitain, Inc. | President | Former |
| Organization | Position | Status |
|---|---|---|
| Green Mountain Power Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Green Mountain Power Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Green Mountain Power Corporation | Vice Chair | Current |
| Organization | Position | Status |
|---|---|---|
| Green Mountain Power Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Green Mountain Power Corporation | Board of Directors | Current |
| Green Mountain Power Corporation | President, Groupe Conseil Energika | Former |
Executive News
-
Vermont approves utilities' proposed renewable energy plans
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