Green MT Power (NYSE:GMP)
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From Aug 2019 to Aug 2024
Green Mountain Power Corporation (NYSE: GMP) has been
recognized by the Vermont Department of Environmental Conservation and
the Vermont Small Business Development Center as an Environmental
Partner in the Vermont Business Environmental Partnership for its
excellent environmental management practices, "green" purchasing, and
forward thinking environmental policies.
"Green Mountain Power is taking steps to address its environmental
impacts. In doing this, the Company has implemented numerous practices
that go beyond compliance," said Department of Environmental
Conservation Commissioner Jeff Wennberg.
Green Mountain Power serves 90,000 customers within the State of
Vermont and sells electricity and energy services to approximately 25%
of Vermont's retail electricity customers, serving half of the state's
14 counties. While most of the power-producing facilities in the
United States rely on burning coal to generate electricity, Green
Mountain Power has among the "greenest" energy portfolios of all power
companies in the nation. At present, Green Mountain Power generates
electricity without any coal, and only four percent of its generation
comes from fossil fuels. (Purchases on the New England wholesale
market account for 19 percent of the power mix, but cannot be broken
down into fuel source.) More than forty percent of Green Mountain
Power's energy comes from renewable sources: hydro, wood and wind.
Examples of Green Mountain Power's "green" practices include
eliminating two hazardous waste streams. To accomplish this Green
Mountain Power replaced chlorinated solvent-based parts cleaning with
non-hazardous citrus-based solvents and aqueous based cleaners.
Additionally, Green Mountain Power substituted ethylene glycol
antifreeze for less toxic propylene glycol in its vehicles when
possible, and recycles the antifreeze on-site for reuse in its
vehicles. Green Mountain Power's workspace is very efficient, as the
smaller, open-office design uses fewer resources. In addition, the
company has invested in energy efficient lighting and "green" building
practices in its facilities (i.e. installing recycled tire flooring
and carpeting), and diverts hundreds of pounds of solid waste from
landfill disposal through its recycling programs.
Other noteworthy practices include not using herbicides on power
line rights-of-way, the purchase and use of hybrid and low emission
vehicles in its fleet, and subscribing to vehicle idling guidelines to
minimize emissions. Green Mountain Power has also started to utilize a
20% biodiesel mixture in its larger vehicles.
According to Chris Dutton, Green Mountain Power's President and
Chief Executive Officer, "Energy efficiency and other environmentally
friendly practices make as much sense economically as they do for the
health of the environment. We're honored to receive this recognition
for the work that we do and for making our own office a healthy,
positive place to work."
The Vermont Business Environmental Partnership is a voluntary,
environmental assistance and business recognition program that is open
to any Vermont organization that proactively incorporates sound
environmental management practices into their operations. To find out
more about the Vermont Business Environmental Partnership, visit the
web at http://www.anr.state.vt.us/dec/ead/vbep/index.htm.