Green Mountain Power Corporation sells electricity, energy services and products to about one-third of Vermont's retail electricity customers located in half of the state's 14 counties.
The Company's retail rates are the lowest among all major New England electric utilities. The franchise territory served by GMP is among the most economically healthy in the region, based on unemployment statistics and job-growth rate.
GMP also sells electric power at wholesale in New England and sells energy-management and operations services to other utilities in Vermont.
The GMP factsheet:
Serving Vermont customers for 103 years, the Company is the ninth largest business in the state based on sales volume.
With headquarters in South Burlington on the shore of Lake Champlain, GMP operates seven district offices.
The Company has ownership interest in facilities that supply 51 percent of its total power capacity of 396 megawatts. The remainder of the generating capacity and 64 percent of the energy GMP distributes is purchased from other utilities.
GMP holds a 30 percent interest in the Vermont Electric Power Company, Inc. (VELCO), which owns nearly all of the transmission system that serves Vermont and that connects with the transmission system serving New England.
GMP has two wholly owned, unregulated energy-related subsidiaries, Green Mountain Propane Gas Company and Mountain Energy, INC., and an unregulated water heater leasing operation.
The Company's common stock is traded on the New York Stock Exchange under the symbol GMP. At the end of 1995, there were 8,483 shareholders.