Public Service Board Approves Rate Decrease for Green Mountain Power Customers

By Joe Gullo

Published 08/27 2014 02:51PM

Updated 08/27 2014 06:17PM

COLCHESTER, Vt. - Vermont's Public Service Board approved a rate decrease for Green Mountain Power customers on Wednesday.

A press release says the 2.46 percent rate decrease takes effect October 1.

“Our energy future is a bright one. We are empowering customers with new tools and resources to control energy use and save money while at the same time bringing down rates for all customers,” said Mary Powell, President and CEO of GMP. “Lowering electricity rates at a time when other costs continue to rise, is an important part of helping Vermont families and businesses.”

This is the second rate decrease proposed by Green Mountain Power in three years.

Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.