Gov. Shumlin Issued the Following Statement on CVPS/GMP Announcement:

Statement

"I'm gratified to hear that the CVPS board of directors has approved the Gaz Metro/GMP purchase offer.

Consolidation of our largest utilities promises significant savings for Vermonters and makes good sense for our energy and jobs future. Today's decision by Central Vermont Public Service to accept Gaz Metro's bid came after careful consideration by the board of directors. I believe they made the right decision. I expect state regulators, when considering whether to approve this deal, will ensure that the promised benefits of this purchase are realized.

I am particularly pleased to learn that Gaz Metro/GMP have put this deal together in a way that benefits the Rutland community and economy."

Source