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GMP, Tesla team up on electric storage plan

Sat, 05/13/2017 - 12:25pm -- tim

Vermont Business Magazine Green Mountain Power announced Friday a first-of-its-kind program that includes the Tesla Powerwall 2 and utilizes Tesla’s cutting-edge GridLogic software platform. According to Kristin Carlson, GMP's VP of Strategic & External Affairs, this partnership will help customers make a dramatic step forward in energy independence by using stored energy to help drive down the costs of the grid and improve the comfort, energy use, and resilience of their own homes.

Leonine: Adjournment delayed again

Sat, 05/13/2017 - 12:11pm -- tim

Leonine Public Affairs While the Vermont General Assembly initially planned to adjourn Friday, May 6th, a disagreement between the Democratic-controlled legislature and Republican Governor, Phil Scott regarding education spending and teacher health insurance contracts prevented that from happening. As a result, the plan was to come back on Wednesday of this week for a two day session to wrap things up. However, even after going an extra day through today (Friday), the legislature and administration still had not reached an agreement. As a result, the full Senate plans to return on Wednesday or Thursday next week (5/17 or 5/18). The full House could return as early as Tuesday (5/16) and will be notified by email as to the exact return date.

Ben & Jerry's celebrates Bob Marley with One Love flavor

Sat, 05/13/2017 - 11:03am -- tim

Vermont Business Magazine "One love, one heart..." So begins one of the most recognized songs in reggae history. Bob Marley's memorable refrain is a call for global compassion, and is a perfect anthem for Ben & Jerry's latest flavor, One Love. The flavor concoction that came to fruition in partnership with the Marley family pays homage to the legendary performer and his vision for a better world.

Sanders to deliver commencement addresses at Johnson State College (Saturday) and Lyndon State College (Sunday)

Sat, 05/13/2017 - 9:01am -- tim

Vermont Business Magazine US Senator Bernie Sanders (I-Vermont) will deliver the commencement addresses on Saturday and Sunday at Johnson State College and Lyndon State College. 

Saturday, May 13

What: Sen. Bernie Sanders will deliver the commencement address to graduating students at Johnson State College

When: 11 a.m.

Where: Johnson State College; Johnson, Vermont

Sunday, May 14

What: Sen. Bernie Sanders will deliver the commencement address to graduating students at Lyndon State College

When: 11 a.m.

Mamava stands up for the rights of mothers (and babies)

Sat, 05/13/2017 - 6:20am -- tim

Vermont Business Magazine This Mother's Day, Mamava, maker of the world's first free standing lactation suite, is standing in solidarity with breastfeeding mothers and their babes with the release of a video announcing their new mobile locator app. The Mamava app provides a digital solution for the struggle endured by every breastfeeding mom: the lack of dignified space to express breastmilk.

Cliff tops closed to protect nesting peregrines

Sat, 05/13/2017 - 4:33am -- tim

Vermont Business Magazine Hiking Vermont’s hillsides is a great way to enjoy a spring day, but the Vermont Fish & Wildlife Department and Audubon Vermont recommend you check to see if the area you’re planning to hike or climb is open. Several cliff areas are currently closed to protect nesting peregrine falcons. The Vermont Fish & Wildlife Department partners with Audubon Vermont to monitor the sites throughout the nesting season. 

Mehran Assadi elected chairman National Life Group board

Fri, 05/12/2017 - 4:44pm -- tim

Vermont Business Magazine National Life’s Board of Directors has elected Chief Executive Officer Mehran Assadi chairman of the board, effective immediately. Assadi has served as president and CEO of the company since 2009. He will retain those titles as he also assumes the chairmanship. He succeeds Thomas H. MacLeay, a former president and CEO who has served as chairman since 2002. MacLeay will remain on the nine-member Board as the lead director.

The unanimous election of Assadi by the Board of Directors followed the annual meeting on May 12, 2017.

Blue Cross requests 12.7 percent rate hike

Fri, 05/12/2017 - 4:32pm -- tim

Vermont Business Magazine The Green Mountain Care Board (GMCB) today received proposed rates for 2018 Qualified Health Insurance Plans (QHPs) offered on Vermont Health Connect (VHC), Vermont’s online health insurance marketplace. For its VHC plans with coverage beginning January 1, 2018, Blue Cross and Blue Shield of Vermont (BCBSVT), which insures more than 70,000 Vermonters through VHC, requests a 12.7 percent average annual rate increase. MVP, which covers approximately 10,000 Vermonters in VHC plans, requests an average annual rate increase of 6.7 percent.

'Last real bank' Merchants to become Community Bank on Monday

Fri, 05/12/2017 - 2:24pm -- tim

by Timothy McQuiston Vermont Business Magazine Merchants Bank and Community Bank, NA will formally merge this weekend, May 12-14. Branches will close at 3 pm Friday and re-open Monday morning as Community Bank. Merchants Bank was formed in 1849. Last October 22, Merchants Bancshares, based in South Burlington, and Community Bank System, Inc of Syracuse, NY, entered into a definitive agreement under which Community would acquire Merchants in a cash and stock transaction valued at $304 million. Regulators approved the deal at the end of April.

Moody’s upgrades VSAC bond ratings

Fri, 05/12/2017 - 1:31pm -- tim

Vermont Business Magazine Moody's Investors Service has upgraded the ratings of the Senior Series 2015A bonds of Vermont Student Assistance Corp, which VSAC says signals continued confidence in the performance of its Vermont Advantage loan program. VSAC said in a statement Friday that Advantage customers are successfully repaying their loans because of VSAC’s trusted customer service and affordable rates.