About GMP
Dear Shareholder:
By Thomas P. Salmon and
Douglas G. Hyde

The Year In Review

Serving the Customer
Customer Satisfaction
Low Prices
Operating Efficiently Restructuring
Hydro-Quebec
Renewable Resources
Economic Development
Rates
The Vermont Economy
Sales and Expenditures
New Union Contract Negotiated
Revenue and Sales
Subsidiaries
Dividend
Stock Performance
Finance/Debt

Viewpoint

The World According to Customers

Board of Directors

Board of Directors and Committees

Management's Financial Analysis

Management's Financial Analysis

Charts and Graphs

Financial and Operating Highlights
GMP Service Territories
Customer Attitudes Towards GMP
Vermont Rates - Five Largest Utilities
Operating Efficiently
GMP Customer Outages
GMP's Proposed Structure For Electric Competition
Energy Source Comparison
Annual Mwh Savings
Industrial Rate Comparison
New England Retail Rates
Sources of Revenue
O & M Spending
Power Supply Costs By Source
Distribution of Revenue
Unregulated Subsidiaries' Earnings As % of Consolidated Earnings
Dividends Paid / Earnings per Share
Cumulative Total Return
Common Stock Data
Capitalization Ratios
Quarterly Stock Market Price Data

Photos

GMP's Lineworkers
Vermont Teddy Bear Co.
La Gabelle Generation Plant
VT Dairy Farmer
Electric Car Road Rally