GMP Wants to Lower Power Rates - FOX44 - Burlington / Plattsburgh News, Weather & Sports

GMP Wants to Lower Power Rates

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COLCHESTER, Vt. -

For the first time in decades, it might soon cost less to power your home or business in Vermont.

GMP wants to cut rates .4%.  The utility says the decrease would apply to all GMP customers, including those from CVPS.

This would be a big change from the power increases Vermonters have become used to seeing.

"It's the first time in 24 years that we've been able to lower rates at a time like most businesses and homes in Vermont, we have lot of pressure on, costs pressures," says Mary Powell, GMP President & CEO.

GMP says its recent merger with CVPS helped lead to the rate cut.

The Public Service Board will still have to approve the decrease before it goes into effect in October.

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