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."





Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Canwea_id1984
Renewable NRG_id1934
UnitedEquip_id1995
Tower Conference_id1965