in News Departments > New & Noteworthy
print the content item

As Vermont endures another cold snap, power prices in the region are escalating. However, utility Green Mountain Power (GMP) says power from the company's Kingdom Community Wind (KCW) continues to offset the high peak prices in the marketplace and provide other benefits for Vermonters.

GMP built the 21-turbine project on Lowell Mountain, which is located in Vermont Electric Co-op's (VEC) service territory, and the project came online in November 2012. VEC worked closely with GMP to support the project and is purchasing power generated by KCW.

During the bitter cold in December, GMP says energy prices on the open market hit a high of $0.60/kWh. During that same period, KCW generated enough power for 16,500 homes from low-cost wind, the company adds.

Furthermore, GMP says another important commitment was to give back to surrounding communities by sharing with them the benefits of this project through the Good Neighbor Fund.

"We are so pleased to announce that thanks to the strong power generation at the Kingdom Community Wind Farm, five Northeast Kingdom towns will receive more than $126,000 this month," says GMP President and CEO Mary Powell. "The Good Neighbor Fund is an innovative approach by Green Mountain Power to offer direct value to neighboring towns."

GMP says the communities will continue to get Good Neighbor payments for the first 10 years the plant operates.

Jacques Couture, owner of Couture's Maple Shop/B&B and member of the Westfield selectboard, comments, "As a business owner and a selectboard member in Westfield, I really appreciate that Green Mountain Power has deemed it appropriate to create this fund as a gesture of goodwill to the local communities. I see the windmills from my kitchen window every day and I love it. I love that they are generating local power. My guests at the B&B love watching the turbines - I've never heard a negative comment."




Mortenson Construction_id2024

Trachte Inc._id1770
Latest Top Stories

Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Canwea_id1984
Renewable NRG_id1934