Vermont’s largest utility is requesting a six percent rate increase to cover investments in power distribution and transmission.
Central Vermont Public Service says that if the rate is approved, customers using 500 kilowatt hours of electricity per month would pay about four dollars and 17 cents more per month.
The last time the utility’s rates were increased was in 2001. But last year the Public Service Board ordered CVPS to reduce its rates.
According to the utility, the new rate is needed because of increases in capital investments in distribution and transmission.