Utility Helps Wean Vermonters From The Electric Grid

Details

Publish Date:
July 29, 2017
Author(s):
  • Cardwell, Diane
Source:
The New York Times
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Summary

In a new low-income development that replaced a trailer park here, rooftop solar panels sparkle in the sun while backup batteries quietly hum away in utility closets.

About an hour away, in Rutland, homes and businesses along a once-distressed corridor are installing the latest in energy-saving equipment, including special insulation and heat pumps.

But Green Mountain Power has “figured out a way to do well and do good in the utility business and keep its regulators, investors and customers all happy at the same time,” said Dan Reicher, executive director of the Steyer-Taylor Center for Energy Policy and Finance at Stanford and a customer of the utility through a family home in Vermont. “That’s a big deal these days when the rest of the industry is talking about a death spiral.”

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