Senator Wants Independent Review Of CVPS-GazMet Deal

A state senator is calling for an independent counsel to review the sale of the state’s largest utility to a Canadian company. Essex-Orleans Senator Vince Illuzzi says the Shumlin administration is biased in favor of the deal, so an independent review is needed to protect the public interest.

CVPS: Stockholders Back Gaz Metro Sale

Central Vermont Public Service shareholders have approved the proposed merger of their company with the parent of Green Mountain Power. The utility says stockholders representing nearly 98 percent of the outstanding shares voted in favor of selling the company to Gaz Metro of Quebec.

CVPS: More Utility Mergers Expected

Central Vermont Public Service has agreed to a deal to be bought out by Gaz Metro and merged with its Green Mountain Power subsidiary. The president of CVPS says there could be more mergers in the state’s electric utility industry.