GOV. SHUMLIN STATEMENT ON PROPOSED GREEN MOUNTAIN POWER ELECTRIC BILL DECREASE

MONTPELIER – August 3, 2015 – (RealEstateRama) — Gov. Peter Shumlin issued the following statement after Green Mountain Power submitted to the Public Service Board a proposed 0.76 percent electric bill decrease for customers starting in October. This follows last year’s 2.46 percent rate decrease.

“This is good news for Vermont families and businesses who will see their electric bills continue to decrease for the second year in a row. Combined with news last week that hospital budgets are continuing their historically low growth rate, we are making progress on our goal of making life more affordable for middle class Vermonters and making our economy work for everyone, not just those at the top. I want to thank the Public Service Department and Green Mountain Power for working together to ensure Vermonters will see their electric bills continue to decline for another year.”

“This news also shows that Vermont’s efforts to aggressively build out renewables is not just the right thing to do for our planet; it’s the right thing to do for affordability and Vermonters’ wallets. It’s also a testament to the leadership role being played by Green Mountain Power in changing the way we do energy in Vermont and America. Green Mountain Power is revolutionizing the energy business, changing the model from one where the goal is to generate and sell as much energy as possible to one where the goal is to use less energy more smartly and ensure the energy that is used is green, clean, and renewable.”