Vermont Electric Cooperative Receives Aid for Storm Damage
Posted on Apr 15, 2019 in Grid & Infrastructure | Comments Off on Vermont Electric Cooperative Receives Aid for Storm Damage
The Federal Emergency Management Agency will contribute more than $1.2 million to the Vermont Electric Cooperative to fund system repairs that were necessary as a result of the severe storms in May 2018. Vermont Emergency Management helped Vermont Electric to receive the...
VEC Gets $1,700,000 for Storm Damage Repair
Posted on Sep 4, 2018 in Uncategorized | Comments Off on VEC Gets $1,700,000 for Storm Damage Repair
Vermont Electric Cooperative, Inc. (VEC) is getting a grant from the Federal Emergency Management Agency (FEMA) to help repair 54 transformers and nearly 2,900 miles of transmission and line poles damaged by a severe storm and flooding in October of 2017. The money comes from FEMA’s Public Assistance program that reimburses communities and certain non-profit groups to help...
Vermont Coop Working with Major State Industry to Promote Electric Technology
Posted on Jan 6, 2016 in Innovation/Efficiency, Renewable Energy, Technology | Comments Off on Vermont Coop Working with Major State Industry to Promote Electric Technology
Vermont Electric Cooperative (VEP), a Vermont cooperative with 35,000 members, including 400 maple syrup producers, has partnered with Dominion & Grim, a Canadian company, to promote to sugar makers a new electric evaporator called ECOVAP. VEP will offer incentives for the sugar makers to switch to ECOVAP and, in turn, VEP will receive carbon credits for the...
FEMA Grant Will Help Vermont Coop Clean Up
Posted on Jun 9, 2015 in Legislative & Politics, Reliability | Comments Off on FEMA Grant Will Help Vermont Coop Clean Up
Vermont legislators announced last Friday that the Vermont Electric Cooperative (VEC) will receive a grant from the Federal Emergency Management Agency (FEMA). The $2.1 million grant will cover cleanup and repair costs related to severe weather that occurred last December and caused 45,000 outages in VEC’s service territory. Click here for...
Vermont Coop Spends More than $7 Million on Damage from Ice Storm
Posted on Jan 24, 2014 in Grid & Infrastructure, Rates | Comments Off on Vermont Coop Spends More than $7 Million on Damage from Ice Storm
Vermont Electric Cooperative (VEC) recently spent an unprecedented sum to repair damage caused by recent ice storms. While the cost is significant for a coop of VEC’s size, the coop’s goal is to find efficiencies and other ways to avoid rate increases. Another utility in Vermont recently announced a “storm surcharge” to cover its storm-related costs. Read more...
Vermont Net Metering Program May Be Overhauled
Posted on Jan 21, 2014 in Climate Change, Environmental, Regulation & Policy, Renewable Energy | Comments Off on Vermont Net Metering Program May Be Overhauled
Vermont lawmakers are striving to raise the existing cap on the state’s net metering program to match the growing demand for residential renewable energy generation. A bill, approved by the House Natural Resources and Energy Committee last week, offers a fast-track solution ahead of larger changes expected when a federal solar tax credit expires, likely in 2017. The proposed bill...
New England Coops Recovering from Winter Storms
Posted on Jan 2, 2014 in Grid & Infrastructure | Comments Off on New England Coops Recovering from Winter Storms
A Vermont Electric Cooperative representative said that the late December ice storms in the area will lead to its most expensive restoration effort ever, potentially topping $6.5 million in cost. Other Northeast coops are facing the same challenges; Maine had more than 3,200 customers without power on Christmas Eve. Progress is being made quickly as coop employees cooperate to make...
Vermont Coop to Build 5-MW Solar Project
Posted on Nov 12, 2013 in Climate Change, Environmental, Financing, Grid & Infrastructure, Innovation/Efficiency, Project Development, Rates, Regulation & Policy, Reliability, Renewable Energy | Comments Off on Vermont Coop to Build 5-MW Solar Project
The Vermont Electric Cooperative (VEC) is hoping to build the state’s largest utility-owned solar power project as part of a broader effort to help reduce the state’s dependence on fossil fuels. VEC is working with 14 other coops across the country on the 5-MW project in a first-of-its-kind initiative to make solar energy cost-competitive with other forms of electricity by the end of...
Vermont Net Metering Dispute Heats Up
Posted on Oct 3, 2013 in Energy Savings Programs, Financing, Project Development, Regulation & Policy, Renewable Energy | Comments Off on Vermont Net Metering Dispute Heats Up
Vermont Electric Cooperative (VEC) seeks to resume its net metering program after reaching the state’s 4% cap on mandatory net metering. VEC’s tariff proposal would adjust credits downward for new participants due to the rapid increase in demand and the decrease in prices associated with net metered solar energy systems. However, Renewable Energy Vermont opposes VEC’s proposal,...
Patronage Capital Returned for First Time
Posted on Sep 19, 2013 in Financing, Patronage Capital | Comments Off on Patronage Capital Returned for First Time
For the first time in its 75-year history, Vermont Electric Cooperative will return $850,000 to members who were with the coop during 1997 and 2012. Previously the coop would reinvest patronage capital in system upgrades or to fill capital requirements for power agreements. Click here for more...
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