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

Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.

Navigant_id1983
Renewable NRG_id1934