When Central Vermont Public Service was granted an emergency rate increase in 2001, the deal struck was that the utility would repay the difference to ratepayers when, and if, the utility was sold. The amount was an estimated $21 million.
CVPS is I the process of being acquired by Gaz Metro, the Quebec Company that owns Green Mountain Power and Vermont Gas. It took a nanosecond before the question of the $21 million took center stage.
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