RUTLAND, VT--(Marketwire - January 22, 2009) - Central Vermont Public Service (NYSE: CV) has lowered its earnings estimate for 2008 from a range of $1.50 to $1.60 per share to a range of $1.28 to $1.38 per share. The revised range reflects the unanticipated, record-breaking service restoration efforts related to the ice storm that hit the New England region in mid December. The company is consulting with its regulators regarding its ability to defer a portion of the extraordinary costs under its Alternative Regulation plan.
Morrisville, VT January 21, 2009 - Union Bankshares, Inc. (NASDAQ - UNB) today announced net Income for the fourth quarter of 2008 was $1.34 million or $.30 per share compared to $1.51 million or $.34 per share for 2007. Net income for the year ended December 31, 2008 was $5.11 million or $1.14 per share compared to $5.66 million or $1.25 per share for the same period in 2007. Results for 2008 reflect a year to year decrease in net interest income of $501 thousand or 2.8%. The loan portfolio grew $35.1 million or 11% which caused an increase of $70 thousand in the loan loss provision.
January 22, 2009. Secretary of State Deb Markowitz announced today that the number of new businesses registered with the Secretary of State's Corporations Division during the year 2008 have decreased considerably. As of January 1, 2009, there were registered in Vermont 15,495 Vermont corporations, 8,704 foreign corporations (out-of-state companies doing business in Vermont), 38,290 trade names (sole proprietorships), and 17,345 limited liability companies. Of these, 8,631 were newly formed in 2008. This is significantly less than the 9,452 new businesses that registered in 2007.
National Life Insurance Company, a member of National Life Group, recently launched Investor Select, a new variable universal life product. With more riders and new funds, this VUL product offers more flexibility and individual policy customization to meet a wide variety of personal and business insurance needs.
Westminster, VT - In a partnership between two Vermont companies that know a thing or two about electricity, Green Mountain Power (GMP) and groSolar have teamed up to construct one of the state's largest solar power systems.
Vanasse Hangen Brustlin, Inc. (VHB) is assisting the Vermont Association of Snow Travelers, Inc. (VAST) with the proposed conversion of a 93-mile former rail corridor to a multi-use trail called the Lamoille Valley Rail Trail (LVRT).
The National Certification Board for Diabetes Educators (NCBDE) announced that Connie Lanphear, RN achieved Certified Diabetes Educator (CDE®) status by successfully completing the Certification Examination for Diabetes Educators. Connie is a member of the Outpatient Health Education Department at Central Vermont Medical Center and a resident of Williamstown. Registered Dieticians Illene Siegel and Sylvia Gaboriault complete the team of certified diabetes educators at CVMC.
The Magic Hat Brewing Company & Performing Arts Center has announced sales results for the 2008 calendar year, and the numbers show that the brewer continues to perform well despite a shaky American economy and the rising prices in production costs.
Vermont Organic Fiber Company (VTOF), the nation's leading manufacturer of fabrics, blankets, and hand knitting yarn made with certified organic wool, has hired veteran outdoor industry entrepreneur Edward ("Ed") Kiniry as CEO December 1, 2008. Kiniry will be responsible for driving the growth of the company's popular O-Wool® brand of products made with wool grown and certified to the U.S. Department of Agriculture's organic standard. Formerly, he was president of Winterquest, LLC, the parent company of Tubbs and Atlas snowshoes, selling the company to K2 Inc. in 2003.
Lt. Governor Brian Dubie is among a group of 24 elected public officials convening for the first time today in Aspen, Colorado as 2008's recipients of The Aspen Institute's Rodel Fellowships in Public Leadership. The opening session runs through this weekend.
According to the Institute, participants are "selected on their reputation for intellect, thoughtfulness, and a bipartisan approach to governing." The class is evenly divided between Republican and Democratic office-holders who serve in state and local government, and this year represent 22 states.
Founded in 1963, the Vermont Fuel Dealers Association (VFDA) represents more than 100 independent heating fuel dealers in the state, that have first hand experience with the growing need for fuel and heating assistance in our communities. The Patch Chit/Neighbor-in-Need Program has responded to emergency home fuel situations statewide for over 20 years, and serves as a "safety net" for Vermonters who do not qualify for state sponsored heating assistance programs, but find themselves in dire need. The Patch Chit Program was created in honor of the late David Patch, the owner of Patch's Pet
RANDOLPH - Gifford Medical Center has been awarded an Avon Foundation Breast Care Fund grant for the eighth consecutive year. The only hospital in the state to receive the national award, Gifford has been granted $40,000 for 2009 to increase awareness of the life-saving benefits of early detection of breast cancer.