Chris Dutton Vermont Quotations

We are pleased that we can help the City of Barre, one of our largest customers, with this exciting project. In light of the challenges we face in finding new generation to satisfy Vermont's future energy needs, it is important to find new and cost-effective ways to generate electricity. We are interested in learning from the Barre study whether there are other opportunities across Vermont to harness electricity from potential micro-hydro sites.

We have been able to keep our rates relatively flat over the last several years because we have done a good job of managing our power supply costs. Our low-cost power contracts with Vermont Yankee, Hydro Quebec and Morgan Stanley have brought significant value to our customers. However, as the Morgan Stanley contract expires at the end of this year, we are forced to replace it in a significantly higher cost marketplace.