Central Vermont Public Service Corp. (CVPS) was the largest electricity supplier in Vermont.[2] Its customer base covered 160,000 people in 163 towns, villages and cities in Vermont. The company generated revenue mainly though purchased electricity through its subsidiaries including C.V. Realty, Inc., East Barnet Hydroelectric, Inc., and Catamount Resources Corp.[3]
In 1929, the company was founded by combining eight Vermont electric companies. The creator was Samuel Insull. The company was among the first companies to successfully use wind to generate electricity and organized Yankee Atomic Electric Company to make a trial in atomic power.[1]
In 1990s and 2000s, CVPS struggled to maintain profitability [1] and was acquired by Quebec's Gaz Métro on June 27, 2012, merging into its Green Mountain Power subsidiary through Gaz Métro's American operations, Northern New England Energy Corporation.[2] Gaz Métro purchased CVPS for $472 million, outbidding another Canadian company who sought CVPS, Fortis Inc.[4]
^ ab"Montréal, June 27, 2012. Gaz Métro completes acquisition of Central Vermont Public Service Corporation". corporatif.gazmetro.com. 2012-06-27. Retrieved 2014-02-20.
^"Central Vermont Public Service Corp, Inc.: NYSE:CV quotes & news - Google Finance". Google.com. Retrieved 2014-02-20.
^The New York Times: "Gaz Metro Bests Fortis to Buy Vermont Utility", July 12, 2011.
External linksedit
Green Mountain Power
Northern New England Energy
December 18, 2023
central, vermont, public, service, corp, cvps, largest, electricity, supplier, vermont, customer, base, covered, people, towns, villages, cities, vermont, company, generated, revenue, mainly, though, purchased, electricity, through, subsidiaries, including, re. Central Vermont Public Service Corp CVPS was the largest electricity supplier in Vermont 2 Its customer base covered 160 000 people in 163 towns villages and cities in Vermont The company generated revenue mainly though purchased electricity through its subsidiaries including C V Realty Inc East Barnet Hydroelectric Inc and Catamount Resources Corp 3 Central Vermont Public Service CorpTypePublicTraded asNYSE CVIndustryUtilitiesFounded1929 1 Defunct2012FateAcquired by Gaz Metro folded into Green Mountain PowerHeadquarters77 Grove Street Rutland Vermont United StatesArea servedVermontServiceselectric utilitiesHistory editIn 1929 the company was founded by combining eight Vermont electric companies The creator was Samuel Insull The company was among the first companies to successfully use wind to generate electricity and organized Yankee Atomic Electric Company to make a trial in atomic power 1 In 1990s and 2000s CVPS struggled to maintain profitability 1 and was acquired by Quebec s Gaz Metro on June 27 2012 merging into its Green Mountain Power subsidiary through Gaz Metro s American operations Northern New England Energy Corporation 2 Gaz Metro purchased CVPS for 472 million outbidding another Canadian company who sought CVPS Fortis Inc 4 References editNotes a b c Central Vermont Public Srv Corp History Funding Universe Retrieved 2016 01 15 a b Montreal June 27 2012 Gaz Metro completes acquisition of Central Vermont Public Service Corporation corporatif gazmetro com 2012 06 27 Retrieved 2014 02 20 Central Vermont Public Service Corp Inc NYSE CV quotes amp news Google Finance Google com Retrieved 2014 02 20 The New York Times Gaz Metro Bests Fortis to Buy Vermont Utility July 12 2011 External links editGreen Mountain Power Northern New England Energy Retrieved from https en wikipedia org w index php title Central Vermont Public Service amp oldid 1163796598, wikipedia, wiki, book, books, library,
