Green Mountain Power said it was pleased with the opportunity to stabilize electric rates for its 90,000 customers as a result of a Vermont regulatory order issued Monday.”This is very positive news for our customers as it allows a very stable rate path between now and 2007,” said Green Mountain President and Chief Executive Officer Christopher L. Dutton. Green Mountain last increased its electric rates in January 2001, so the new rate order provides customers with a six-year period of rates that have been essentially flat.The Vermont Public Service Board issued an order Monday that:· Allows Green Mountain Power to raise rates 1.9 percent, effective January 1, 2005; and 0.9 percent effective January 1, 2006, if the increases are supported by cost of service schedules submitted 60 days prior to the effective dates.· Allows Green Mountain the opportunity to file for rate increases during the period if the Company experienced extraordinary events, like repair costs due an ice storm or other natural disaster.· Green Mountain will reduce its return on equity from the current 11.25 percent to 10.5 percent for the period beginning Jan. 1, 2003 to Jan. 1, 2007. This will allow investors a secure earnings path that will assist the Company in attracting investor capital to help finance needed system infrastructure improvements during the period.· Approves a three-year economic development agreement for International Business Machines, as long as IBM does not reduce employment by more than five percent during the period. The Board found that the IBM economic development agreement is not subsidized by other Green Mountain Power customers. The Board further stated in its December 22nd Order that, “Thus, we accept the proposition that retained jobs are essentially equivalent to new jobs.”· Provides for recovery of various regulatory assets, including the remediation of the Pine Street environmental superfund site in Burlington, VT.In summarizing the impact of its Order the Vermont Public Service Board said, “Green Mountain will benefit from the certainty the Memorandum of Understanding provides to its standing in the financial community, the security of predictable rate recovery, and the resolution and rate recovery of certain deferred accounting items.”The Board order also provided:· Green Mountain Power to file a new comprehensive rate design with regulators within 60 days, and this rate design will feature new proposals regarding economic development rate special contracts.· Green Mountain Power and the Vermont Department of Public Service will work to develop a proposed alternative rate regulation plan within 120 days. “On the whole, this order reflects a fair balancing of Green Mountain Power’s customer and investor interests. We are pleased with this favorable regulatory development,” said Mr. Dutton.
The Vermont Institute of Natural Science (VINS) will play akey role in this year’s New England Environmental Education Alliance(NEEEA) Conference October 15-17, 2004 to be held at the beautiful BreadLoaf Campus of M i ddlebury College in Ripton, VT. Marcia Whitney, VINSDirector of Statewide Education, is co-chair of the conference andchairs the Fundraising/Sponsorship Committee and Lisa Purcell, VINS ELFProgram Director, chairs its Field Trip Committee. Other VINS staff serveon committees as well.This year’s conference theme is “Opening Doors: Collaboration StrengthensOur Voice to Build Sustainable Communities”. The conference is co-hostedby Vermont SWEEP (State-wide Environmental Education Programs) andMiddlebury College. Keynote speakers include Mayor Peter Clavelle ofBurlington, community leaders, city decision makers, educators and youthas they share Burlington’s story of creating a sustainable city. Thethree-day event will also feature seven different field trips such asexploring Lake Champlain, learning about cold region environments, andvisiting a sustainable agriculture farm; 40 different educationalworkshops; entertainment; food; and a silent auction. The conference isopen to environmental organizations, teachers and schools, outdooreducators, museums, farm & forest centers, nature centers, youth leaders,parents, and anyone else interested in environmental education.For acomplete conference brochure, go to http://www.vermontsweep.org(link is external).Registration is due by September 28th.The Vermont Institute of Natural Science is a non-profit, member-supportedorganization headquartered in Woodstock, Vermont, with regional offices inMontpelier, Manchester, and Quechee. VINS’ educational programs servemore than 80,000 adults and 72,000 students each year, making it thelargest environmental educator in the State of Vermont. They have longbeen a leading research center for the study of migratory songbirds,common loons, peregrine falcons, and other threatened or endangeredspecies. VINS’ wildlife services department has treated and releasedthousands of injured wild birds of all species since their inception in1972. For more information, please visit their website atwwww.vinsweb.org(link is external) or contact them at (802) 457-2779.
Grand Opening of Upstart MarketingSt. Johnsbury, VT – Upstart Marketing, LLC will hold a Grand Opening event and presentation to mark the official launch of operations today St. Johnsbury.Leaders from the business community will gather at the Northeastern Vermont Development Association conference room located at 36 Eastern Avenue in St. Johnsbury. The event will take place from 2:00 to 3:00pm and will feature a presentation given by company founder Tom Stillwell.Upstart Marketing is an Internet based company designed to provide entrepreneurs and new business owners with the marketing tools they need to launch a business. Upstart is offering three different all-inclusive packages that feature design and print of logos, business cards, brochures, and stationary, plus web site design, hosting, and maintenance.”Our goal is to simplify the start-up process by providing packages that are truly all-inclusive,” explained Tom Stillwell, company founder. “We’ve included everything at a flat rate price; this allows our customers to focus on running their business while we handle the details.”Upstart will conduct business through its newly developed web site. An online platform will allow customers to interface directly with designers. This feature makes it possible for the customer to view their artwork, mark it up online, and send it back to the designer instantly.Partial funding for the web site was provided by Northern Community Investment Corporation (NCIC) through a Rural Business Enterprise Grand from USDA rural development.”This is a business plan we really wanted to get behind,” explained Alex Ibey of NCIC. “Our hope is that Upstart Marketing builds on the number of tech based companies in our region that are capable of serving a national market. Tom is a great asset to the Northeast Kingdom and we were pleased to be a small part in his new and exciting venture.”Stillwell echoed these hopes for the new company by citing confidence in local talent. “We’re fortunate to have some highly skilled Vermont based designers on our team, and we believe that will translate into the kind of high quality reputation you can build on.”For more information on Upstart Marketing, LLC you can visit www.upstartmarketing.net(link is external), or call 1-866-245-5196, or e-mail email@example.com(link sends e-mail)
Central Vermont Medical Center,Long time Medical Director of the Laboratory at CVMC, Dr. Brian Travis, has passed the torch to his colleague, Dr. Cathy Palmer, who has been named the lab s new Medical Director. Dr. Palmer received her MD/PhD degree from Indiana University and went on to complete an Internship and Residency in Pathology at the University of California San Diego Medical Center. She came to Vermont to pursue a Clinical Fellowship in Cytopathology at Fletcher Allen Health Care and subsequently was a Research Fellow in Environmental Pathology at UVM. Dr. Palmer is certified by the American Board of Pathology in Anatomic Pathology and Laboratory Medicine, with subspecialty certification in Cytopathology. We are very happy Dr. Palmer agreed to take on her new role as Medical Director of the Laboratory, said Judy Tarr, CVMC s president & CEO. She is a talented clinician with an impressive academic background. Dr. Palmer has worked here since 2001 and is well established within the physician community. I expect that she and our new Administrative Director of the Laboratory, Jeanne Laperle, will bring CVMC s lab to the next level with new initiatives and ways of doing business, concluded Tarr. One of my key roles as Medical Director is to facilitate communication between the laboratory and the clinicians who rely on us, both in the hospital and in community-based practices. said Dr. Palmer. All of us in the lab work very hard to provide our clinicians the test results they need as quickly and accurately as possible, so that they can provide the best possible care to their patients. The CVMC lab offers a broad menu of tests in many different areas, including hematology, chemistry, serology, microbiology, and blood banking. A newly purchased state-of-the-art instrument allows the lab to perform more tests in-house that previously were sent to outside reference labs. That means faster turn-around times, and clinicians get test results sooner. Within the next few months, new molecular diagnostic testing will be brought into the lab. Another important aspect of the CVMC laboratory is the Surgical Pathology service, which provides diagnoses of surgical specimens obtained in the OR as well as tissue biopsies, pap tests – and more – from the various medical practices. Dr. Travis and Dr. Palmer support CVMC s surgeons by offering intra-operative evaluation of specimens by frozen section microscopy. They also collaborate with CVMC s radiologists on CT- guided or ultrasound-guided aspiration biopsies of lung, liver, lymph node and thyroid. Aspiration biopsy is a relatively non-invasive outpatient procedure that, in many cases, can provide same day diagnosis. This is an exciting and challenging time at CVMC, noted Dr. Palmer. We have new hospital administration and new leadership in the lab. Similar to other areas of the hospital, like the Emergency Department and Same Day Surgery, our highest priority is to serve patients needs right here in our community. Dr. Palmer and her husband, Bruce Scott, live in Waterbury with their two sons Colby, nine-years-old and Clay, eleven-years-old. They are nature boys, so we spend lots of time outdoors, said Dr. Palmer. Winter skiing is over and the boys are enjoying the Mad River Valley Spring Soccer League while looking forward to summer kayaking, hiking and fishing.
Magic Mountain Ski and Snowboard Resort,Magic Mountain, a classic ski area located in southern Vermont, has announced that it is officially selling shares of the mountain effectively offering ownership opportunities for skiers, snowboarders and enthusiasts of the mountain. As the second ski resort in New England to ever offer ownership to its pass holders and customers, Magic Mountain shareholders will enjoy an equity position in the mountain, season pass discounts, reduced ticket prices, and voting rights in operational decisions. Modeled after the Mad River Glen ski area co-op, the opportunity for individual ownership aims to increase customer loyalty, and fund significant upgrades to the resort. After reviewing the success of Mad River Glen, we realized that we had a tremendous opportunity to allow loyal fans of Magic Mountain to invest in something special and participate in saving and reviving a classic Vermont ski area, said Jim Sullivan, President, Magic Mountain. In addition, this offering makes perfect business sense from a capital growth perspective in this current economy where it is difficult to garner support from large investors. This opportunity brings the dream of owning a piece of a ski mountain and having a say in how it is run to individual ski enthusiasts and in particular those who love Magic and what it represents.Magic Mountain aims to raise $3 million and invest it in the snow-making system, as well as upgrades to lifts, grooming equipment and the main lodge. The resort is now issuing 1,000 shares priced at $3,000 per share, which will enable the setting up of an LLC whereby the new share holders will own 60 percent of the mountain.To purchase shares of Magic Mountain and review the current business plan, click here: http://www.magicmtn.com/alpineupdates.php(link is external)Magic Mountain is also hosting an open meeting for anyone interested in being a shareholder on Sunday, July 5. To learn more about this meeting, click here: http://www.magicmtn.com/event.php?day=05&month=07&year=2009(link is external)About Magic MountainFounded by Swiss born ski Instructor, Hans Thorner, in 1961, Magic Mountain is a classic southern Vermont ski mountain located in Londonderry, VT. Known for its challenging terrain, old-style slopes and woods/glade skiing in a low-key, family setting, Magic Mountain is the ideal ski destination for purist skiers and snowboarders. To learn more go to: http://www.magicmtn.com/(link is external) Source: Magic Mountain. LONDONDERRY, VT June 29, 2009
Source: VRA -30- Tasha Wallis, Executive Director of the Vermont Retail Association (VRA), announced today the second annual VRA Retailer of the Year Award.(ROYs). “The overwhelmingly positive response to last year’s ROYs made it clear that Vermont’s retail industry believed in the value of recognizing outstanding excellence among its members,” said Wallis. “In addition, retailers employ more Vermonters than any other business sector except health care, with more than 40,000 working in retail–16% of the entire work force. That makes it especially appropriate to highlight the ‘best of the best’ each year.”All Vermont businesses engaged in retail operations will be eligible for nomination and consideration for the 2009 Vermont Retailer of the Year Awards. Nominations may be submitted using the Retailer of the Year nomination form on the association’s website, www.vtretailers.com(link is external). VRA will accept nominations through November 30, 2009. The awards will be presented at a celebration and ceremony in early 2010.Awards to be presented includeRETAILER OF THE YEAR… Honoring a Vermont retailer for overall excellenceGREENTAILER OF THE YEAR… Honoring a Vermont retailer for environmental excellenceCOMMUNITY GEMS…Honoring Vermont retailers who make unique and valuable contributions to their communities
Vermont Emergency Management (VEM) has been fully accredited under the national Emergency Management Accreditation Program (EMAP). EMAP is a review process for state and local emergency management programs to ensure they are in compliance with national standards. Vermont joins 21 other states and four jurisdictions with accredited programs.EMAP provides emergency management programs the opportunity to be recognized for compliance with national standards, to demonstrate accountability, and to focus attention on areas and issues where resources are needed. EMAP has 63 criteria with which to identify areas for improvement at emergency management organizations.“Our emergency management team deserves the thanks and praise of Vermonters for achieving this accreditation,” Governor Douglas said. “We have worked hard in recent years to ensure that our disaster preparedness and response systems are coordinated and ready to meet the needs of Vermonters in a crisis.”VEM underwent a baseline EMAP assessment in 2004 and only met 12 of 54 criteria at that time. Through ongoing efforts since 2004, VEM led the charge with other state agency and local partners to meet the expanded 63 criteria. During 2009 a concentrated effort was made to catalog existing plans and programs as well as to develop a new emergency operations plan. An EMAP assessment team visited the state in November to review operations and interview staff as well as other state and local emergency response agencies. A final review earlier this week was the last step before the official accreditation was approved by the EMAP Commission.“I am proud of the dedication and leadership our VEM staff has shown to ensure that Vermont meets the highest national standards for emergency preparedness,” said Commissioner of Public Safety Tom Tremblay. “Demonstrating that the entire state’s readiness efforts meet national standards is not just a welcomed recognition; it means that the state has the tools and coordination to respond effectively in the event of disaster. We will continue to work on a collaborative basis to update and enhance our disaster response preparedness.”Source: Governor’s office. 4.8.2010###
KeyCorp (NYSE: KEY) has announced that Chairman of the Board and CEO Henry L. Meyer III, 60, will retire effective May 1, 2011, and will be succeeded by Beth E. Mooney, currently Vice Chair of KeyCorp and leader of Key’s Community Banking business. In the interim, the Board elected Mooney as President and COO and a member of the KeyCorp Board of Directors. Source: CLEVELAND, November 18, 2010 /PRNewswire/ ‘ KeyCor