Central Vermont Public Service (NYSE-CV) has completed the purchase of the Town of Readsboro’s franchise territory and electric department assets. The $360,000 deal includes about 14 miles of distribution line and associated equipment, and the exclusive franchise Readsboro held to serve its 330 customers. The purchased assets also include Readsboro’s small ownership interest in Vermont’s high-voltage transmission company, specifically 133 shares of VELCO stock and 9,651 shares of Vermont Transco.‘Readsboro customers will fit perfectly into our southern Vermont territory,’ CVPS President Larry Reilly said. ‘We have two operations centers within proximity to the town, and we serve most of the surrounding territory.‘CVPS will be able to offer most customers lower rates, new services and rate choices, top-notch customer service, and award-winning operations. This is a nice addition to our customer base.’Among the service offerings are CVPS Electripay, an automated bill payment program; on-line bill review; CVPS Cow Powerâ ¢; even monthly billing; Speedpay, an on-line payment program; and service guarantees for everything from bill accuracy to on-time appointments.CVPS’s rates have been generally lower than Readsboro’s rates; the typical customer will see a rate decrease of about 0.32 percent in their first CV bills. The Vermont Public Service Board approved the sale on July 8. Town voters approved the sale of the Readsboro Electric Department in March 2010. Selectmen had attempted to sell the utility for several years, but voters twice rejected the idea, the last time by just a handful of votes in 2009. Under the agreement, CVPS will reimburse Readsboro for half of its reasonable legal fees and expenses related to this transaction.CVPS, founded in 1929 through the consolidation of eight electric companies, now includes territory once served by more than 100 different companies. CVPS is listed by Forbes magazine as one of the most trustworthy companies in America. CVPS is in the process of being bought by GazMetro and merged into one company with Green Mountain Power. GazMetro, from Quebec, owns GMP and Vermont Gas Systems. The merger is expected to be completed by mid-2012.
Workers’ comp judges up for reappointment Workers’ comp judges up for reappointment The Statewide Nominating Commission for Judges of Compensation Claims will meet June 13 at 9 a.m. at the Hyatt Regency Orlando International Airport at 9300 Airport Blvd. for the purpose of interviewing the following workers’ compensation judges for reappointment: Judge Ivy Harris, Judge Diane Beck, Judge David Langham, Judge Kathryn Pecko, and Judge S. Scott Stephens.Any questions or comments relating to any of the above judges of compensation claims should be directed to: Victor Marrero, Commission Chair, Director of Risk Management, Broward Sheriff’s Office, Ft. Lauderdale 33312; telephone (954) 831-8358; fax (954) 321-4587; and e-mail [email protected] June 1, 2005 Regular News