Congratulations to our April 2016 paperless winners!
Walter in Morgan
Christopher in St George
Andrew & Elizabeth in Williston
Alison in Jericho
|Commentary: Renewable Energy- Pricing It Right|
VEC's net metering progam is full for 2016. It will be reopening for 2017. Stay tuned for updates about when the application process will open.
Vermont Electric Cooperative (VEC) is a not-for-profit, member owned cooperative. Starting in the 1930s, cooperatives brought electricity to areas that were not profitable to serve, and today they provide electricity to 75% of the U.S. land mass. As the second largest electric utility in Vermont and the largest locally-owned electric utility, VEC strives to provide safe, reliable electric service in the most cost-effective way. Surveys routinely show that VEC members want more renewable energy and they want to keep rates as low as possible. These goals are not mutually exclusive, and as the state sets the new rates for net metering it is essential that both these goals are kept in mind.
|Statement about VEC's Net Metering Program|
We know that some members are concerned that we have reached our net metering caps for 2015 and 2016. We want to provide you with some information regarding the VEC net metering program, so you have the most accurate and up-to-date information. For more details please see the accompanying article about the status of VEC's net metering program.
The net metering program closed at the end of November and will stay closed until 2017 when the new rules for net metering will come into effect.
|Standard & Poor’s Ups VEC’s Credit Rating to A+|
Johnson, VT- Standard & Poor’s (S&P’s) Rating Services has raised Vermont Electric Cooperative’s (VEC’s) credit rating from an A to an A+ with a stable outlook. S&P’s cited effective regulatory partners, cost-effective power supply, and strong management in its decision to boost the Co-op’s rating.
This credit rating increase is a testament to the significant progress VEC has made over the past several years. Under the leadership of CEO Christine Hallquist, VEC has invested in innovative technologies such as smart meters, which have enabled VEC to cut outage times in half. Despite the challenge of serving a rural service territory and having one of the lowest numbers of customers per line mile in the state, VEC’s electric rates remain competitive with other Vermont utilities.