Green MT Power (NYSE:GMP)
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Green Mountain Power (NYSE: GMP) today announced that it
is providing $15,000 in matching funds to the City of Barre to study
the feasibility of generating electricity from so-called micro-hydro
sources, including at the municipal water system. Micro-hydro is
defined as small-scale, low-impact sites such as water supply
facilities, run-of-the-river and farm ponds. This type of electrical
generation has minimal impact on rivers, fish and wildlife.
"We are pleased that we can help the City of Barre, one of our
largest customers, with this exciting project. In light of the
challenges we face in finding new generation to satisfy Vermont's
future energy needs, it is important to find new and cost-effective
ways to generate electricity," said Chris Dutton, president and chief
executive officer of Green Mountain Power. "We are interested in
learning from the Barre study whether there are other opportunities
across Vermont to harness electricity from potential micro-hydro
sites."
The City of Barre recently received a $16,700 grant from the
Vermont Community Development Program to conduct a feasibility study
of potential low-impact hydroelectric generation sites in Barre that
are typical of potential opportunities elsewhere in Vermont and New
England. In addition to examining the feasibility of these sites, the
study will also focus on the best method to finance their development.
David O'Brien, Commissioner of the Vermont Department of Public
Service, said, "This is a classic example of Vermont ingenuity,
harnessing the flow of water through water mains to generate
electricity. Like farm methane and landfill methane generation, we are
looking for new, creative ways to generate electricity. While these
sources will not become a dominant part of our power mix, they
certainly can play a contributing role. We commend Green Mountain
Power for supporting this feasibility effort."
Green Mountain Power's contribution to the study is supported by
funds available as a result of the sale of the Vermont Yankee nuclear
plant to Entergy in 2001. As a condition of the sale of the plant to
Entergy, the Vermont Public Service Board required that these funds be
targeted to renewable projects that benefit Green Mountain Power
customers.
"We're pleased to see Green Mountain Power and the City of Barre
explore innovative ways to generate new, renewable electricity with
very little environmental impact," said Andrew Perchlik, executive
director of Renewable Energy Vermont. "Local, renewable energy will
play an important role in Vermont's energy future."
Green Mountain Power Corporation (www.greenmountainpower.biz) is a
Vermont-based energy services company serving 90,000 electric
customers.
For further information, please contact Dorothy Schnure, Manager
of Corporate Communications, at 802-655-8418, Andrew Perchlik,
Renewable Energy Vermont, at 802-229-0099, or Peter Anthony, Mayor of
Barre, 802-476-0241.