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Green Mountain Power tells House committee it's 79% renewable, outlines storage, resiliency work and 7.5% rate filing
Summary
Green Mountain Power told the House Energy and Digital Infrastructure Committee on Jan. 28 that its 2024 portfolio was 79% renewable and 100% carbon-free when including nuclear, described a 75 MW aggregated battery fleet and extensive storm-hardening, and said it has filed a 7.5% rate case to take effect Oct. 1.
Green Mountain Power briefed the House Energy and Digital Infrastructure Committee on Jan. 28 about the utility's customer base, resource mix, grid-storage projects, resiliency investments and an upcoming multi-year rate review.
Candice Morgan, a Green Mountain Power representative, said the utility serves roughly 275,000 customers across Vermont (about 77% of the state's customers) and employs about 500 people. Morgan said GMP is a certified B Corp since 2014, a governance status she said codifies obligations to community, employees and the environment.
On generation, Morgan told the committee GMP's post-REC 2024 portfolio was roughly 79% renewable and 100% carbon-free when including long-term nuclear contracts. She described the Renewable Energy Standard (RES) tiers and said the new Tier 4 (large regional renewables) may require earlier review than previously scheduled given federal and regional market shifts.
Morgan described GMP's energy-storage and virtual power plant work: more than 8,000 residential battery…
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