Vermont Public Utility Commission Closes Investigation into Green Mountain Power Corporation's Ratepayer Benefit Plan

Strategic Insights -

The Vermont Public Utility Commission has closed its investigation into Green Mountain Power Corporation's use of its share of the Vermont Yankee Nuclear Power Corporation's premium refund from American Nuclear Insurers Corporation. The Commission's action follows its approval of the company's 2023 Ratepayer Benefit Plan, which is the final refund distribution that Green Mountain Power will receive from American Nuclear Insurers Corporation.

Key Takeaways:

  • The Vermont Public Utility Commission has closed its investigation into Green Mountain Power Corporation's 2023 Ratepayer Benefit Plan, which involved the company's use of its share of the Vermont Yankee Nuclear Power Corporation's premium refund from American Nuclear Insurers Corporation.
  • The Commission's Order approving the Plan was issued on November 2, 2023, and Green Mountain Power Corporation agreed on November 16, 2023, that the investigation could be closed because there will be no additional filings from the company.
  • The investigation was opened in response to Green Mountain Power Corporation's filing of its 2023 Ratepayer Benefit Plan on September 12, 2023, as required by the Commission's April 7, 2004, Order in Docket 6545.
  • The Commission's close of the investigation is based on the determination that there will be no other filings in this investigation.
  • The Vermont Public Utility Commission's Order closing the case was entered on December 7, 2023.
  • Green Mountain Power Corporation is a Vermont-based electric utility company that serves customers across the state.
  • The Commission's Order is the culmination of the investigation into the company's use of the premium refund, which was filed as part of the company's 2023 Ratepayer Benefit Plan.

Statistics:

  • The Vermont Public Utility Commission's investigation into Green Mountain Power Corporation's 2023 Ratepayer Benefit Plan began on September 12, 2023, when the company filed its plan with the Commission.
  • The investigation was closed on December 7, 2023, following the Commission's approval of the Plan on November 2, 2023, and Green Mountain Power Corporation's agreement on November 16, 2023, that the investigation could be closed.
  • The Vermont Yankee Nuclear Power Corporation's premium refund from American Nuclear Insurers Corporation will be the final refund distribution that Green Mountain Power will receive, as stated in the company's filing with the Commission.
  • The Commission's Order closing the case was entered on December 7, 2023.

Sources:

  • Order of the Vermont Public Utility Commission, Case No. 17-4894-INV, (December 7, 2023).
  • Order approving the 2023 Ratepayer Benefit Plan, filed by Green Mountain Power Corporation on September 12, 2023.
  • Vermont Public Utility Commission's Order in Docket 6545, April 7, 2004.