Green Mountain Power seeks 5 percent rate increase

By The Associated Press

Vermont's largest electric utility wants to increase rates by nearly 5 percent rate.

 

BURLINGTON, Vt. (AP) — Vermont's largest electric utility wants to increase rates by nearly 5 percent rate.

Vermont Public Radio (http://bit.ly/2oNBcMc ) reports Green Mountain Power is seeking to increase rates because of rising costs.

GMP spokeswoman Kristin Carlson says rising transmission rates, regional capacity issues and net metering costs contributed to the company's decision.

Carlson says the rate increase would have been higher, but the company found savings through technologies such as battery storage.

The Department of Public Services will review the request.

The Public Service Board will act on it.

If approved, the new rates would go into effect in January.

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