Vermont Public Utility Commission Approves Ratepayer Benefit Plan for Green Mountain Power Corporation

Strategic Insights -

The Vermont Public Utility Commission has issued an order approving a ratepayer benefit plan submitted by Green Mountain Power Corporation (GMP) for the proposed use of $10,784.68 from American Nuclear Insurers Corporation's premium refund. The funds will be allocated to NeighborWorks of Western Vermont to offer incentives for the purchase and installation of heat pump systems for low- and moderate-income residents. This decision is part of a larger effort to support energy efficiency and provide aid to low-income households. The Commission has previously approved similar programs involving pellet stove and boilers with NeighborWorks in 2020 and 2021.

Key Takeaways:

  • The Vermont Public Utility Commission has approved GMP's 2022 Ratepayer Benefit Plan for the use of $10,784.68 from American Nuclear Insurers Corporation's premium refund.
  • The funds will be allocated to NeighborWorks of Western Vermont to provide incentives for the purchase and installation of heat pump systems for low- and moderate-income residents.
  • This decision is part of a larger effort to support energy efficiency and provide aid to low-income households.
  • The Commission received comments from the Vermont Department of Public Service supporting GMP's Plan.
  • GMP proposes to benefit from previously approved programs involving pellet stove and boilers with NeighborWorks in 2020 and 2021.
  • The Commission's Order of April 7, 2004, provided for the allocation of these types of funds to support energy efficiency initiatives.
  • Green Mountain Power Corporation's proposed use of $10,784.68 is in line with previously approved programs, demonstrating a commitment to supporting low-income households and energy efficiency.

Statistics:

  • $10,784.68: The amount of funds allocated to NeighborWorks of Western Vermont for incentives for heat pump systems.
  • 2022: The year in which the plan was submitted by Green Mountain Power Corporation.
  • 10/28/2022: The date the order was entered by the Vermont Public Utility Commission.
  • 2004: The year in which the Commission's Order in Case 6545 was issued, providing for the allocation of these types of funds.

Sources:

  • Vermont Public Utility Commission. (10/28/2022). STATE OF VERMONT PUBLIC UTILITY COMMISSION Case No. 17-4894-INV In re: ratepayer benefit plan activities arising from the Vermont Public Utility Commission's April 7, 2004, Order in Docket 6545