Editorial: A splinter bedevils the $750 million deal to merge utilities

Posted on April 23, 2012 |

• Editorial

By Angelo S. Lynn

Between and betwixt the complex merger of Green Mountain Power and Central Vermont Public Service, a splinter of an issue is bedeviling the legislative leadership, the Shumlin administration and the Department of Public Service. The issue is a provision in a recent memorandum of understanding allowing the utilities to recapture a $21 million pledge to repay ratepayers through future rate hikes.

It’s an understandable oversight that needs a remedy.

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