Vermont regulators approve fall 2019 rate hike
MONTPELIER, Vt. (AP) — Vermont regulators have approved a rate hike for customers of the state’s largest power company starting in September.
Vermont Public Radio reports that Green Mountain Power customers will pay slightly less for electricity before rates rise 5.43 percent in September.
The Public Utility Commission said increasing costs including transmission charges justify the rate hike.
A windfall from corporate tax cuts will temporarily decrease electricity rates until September.
The state ratepayer advocate’s argued that ratepayers shouldn’t be charged for $13 million in investments in energy storage projects and heat pump water heaters.
But state regulators disagreed and said the company could recover the cost of those investments from ratepayers.
Department of Public Service attorney Dan Burke said regulators signaled they’ll give such investments a close look in the future.