Dive Summary:
- The Vermont Public Service Board rejected an appeal Tuesday that would have required the newly-merged Green Mountain Power and the Central Vermont Public Service Corporation to refund $21 million to ratepayers.
- A June order allowed the two utilities to merge, but AARP Vermont appealed the ruling.
- The money will instead be spent on weatherization programs.
From the article:
The Vermont Public Service Board has once again rejected arguments that ratepayers should get a windfall payment when the state's two largest utilities merged.
The board upheld a key provision of its June order that allowed Green Mountain Power to merge with Central Vermont Public Service Corporation. ...