Current News

The People’s United Community Foundation, the philanthropic arm of People’s United Bank, announced today that it has awarded $5,000 to Life Bridge, Inc. Life Bridge, Inc, was started in 2004 as a teen mentoring organization. Together with full-time staff and numerous volunteers, their goal is to facilitate one-to-one mentoring relationships between students and healthy adults resulting in positive life changes.

Left to right: Michael Seaver, Officer, People’s United Community Foundation and Vermont Division President, People’s United Bank; David Kemper, Executive Director/President, Life Bridge, Jeff Fuller, Central Vermont Director, Life Bridge and Vince Santilli, Executive Director, People’s United Community Foundation.

Full-time faculty members at the University of Vermont represented by United Academics have ratified a new contract that will expire June 30, 2017. The contract provides for performance-based and across-the-board annual increases, as well as salary adjustments when faculty members are promoted.

UVM said in a statement that this contract will allow UVM to remain competitive in recruiting, rewarding, and retaining our high quality faculty. The agreement also reflects full health care benefits for more faculty and a 20 percent increase in the percentage of the premium faculty pay for those benefits, as has been the case for other faculty and staff.

GMP has restored power to nearly all its customers following one of the most difficult and lingering storms in its history. By Tuesday morning, GMP had restored power to more than 130,000 customers from last week’s storm, which continues to cause small outages across the state. GMP, Vermont Electric Cooperative and Washington Electric Cooperative were down to just over 400 combined outages. GMP crews numbered over 1,000 strong at the peak and worked round the clock and through the weekend restoring power, clearing trees and making repairs to infrastructure.

Electricity began flowing this afternoon from National Life Group’s newly built solar energy project. The 500 kilowatt project is made up of more than 2,000 panels arrayed on about 4 acres just south of the company’s Montpelier headquarters. The electricity will feed into the regional power grid. Combined with a 73 kilowatt solar project built in 2008, National Life Group will generate more than 15 percent of its own electricity demand.

“This project makes great financial sense to us as a company,” said Mehran Assadi, president and CEO. “We’re also proud to say it makes great environmental sense and moves both our company and the city of Montpelier closer to our mutual goal of energy independence and sustainability.”

Vermont PBS Board Chair Rob Hofmann announced Monday the appointment of Holly Groschner as president and CEO for Vermont’s statewide PBS affiliate. The Corinth, Vermont, resident expects to take the reins of the public media organization in mid-February. In her new position, Groschner will draw upon a wealth of experience in the communications industry, having most recently served as General Counsel for the Vermont Telecommunications Authority. There, she worked with staff and state legislators to improve public access to broadband and cell phone services across the state.

Newly appointed Vermont PBS President & CEO, Holly Groschner

Said Hofmann, “We are fortunate to find someone with Holly’s level of knowledge and experience to lead Vermont PBS into the future. I know she’s the right fit for the organization. I’m also delighted that she’s a Vermont resident, which makes this selection even more gratifying.”

The Association of General Contractors of Vermont (AGC/VT) recently announced new appointments to its Board of Directors for 2015. Judy Desrochers of JA MacDonald will lead the Association as its new President. Desrochers has been with JA MacDonald for over 30 years, and an active member of AGC/VT.

“I’m proud and honored that the members of AGC/VT have elected me to serve as their next President,” said Desrochers. “AGC/VT is the premier trade association for the construction industry in Vermont. We’ve built a strong national reputation as a leader in safety and education classes. And during my term, I will continue the remarkable education efforts, and will work to strengthen our incredible partnerships with state agencies.”

by Anne Galloway vtdigger.org A report released on Friday proposes three changes to Vermont’s property tax system. The changes include: a “renovation” plan that would lead to reductions in school spending; a “variable income tax” proposal that would replace a portion of the property tax revenues with income taxes; and a regional block grant plan that would replace Act 60/68.

The report was authored by an ad hoc group of lawmakers and former state officials. House Speaker Shap Smith called together the Education Working Group in September and the 10-member panel has met every two weeks since then.

Education finance reform is a high priority for the speaker this year.

Jim Merriam announced today that Liz Gamache will succeed him as Director of Efficiency Vermont beginning January 19, 2015. Efficiency Vermont is a nationally acclaimed statewide energy efficiency utility, which currently helps meet more than 13 percent of Vermont’s electric supply needs, and has helped reduce heating costs in more than 4,500 homes since 2008.

“I am thrilled to bring Liz on board as the next Director of Efficiency Vermont,” said Merriam. “She has a solid track record in the utility industry, a deep history of public service in her community, and an innate understanding of how to deliver exceptional service and value to Vermonters. I cannot think of a more gifted and qualified candidate to set the course for Efficiency Vermont as it helps Vermonters lower their energy costs and continues to raise the bar on Vermont’s national energy efficiency leadership.”

Governor Shumlin announced Friday that $814,000 from Round 1 of the Windham County Economic Development Program will be allocated to five projects. A small amount will be dedicated to legal costs and technical assistance to applicants and the remainder of the $2 million from this round will roll over to the next round in 2015 and the program will be redesigned to attract more business applications for loans and grant applications that meet specific entrepreneurial economic development objectives.

“I am allocating funds to a limited number of projects that promise job creation and investment in Windham County,” said Governor Shumlin. “The rest of the funding will roll over to the next round and I’ve asked Commerce Secretary Pat Moulton to redesign the application and allocation process.”

New England Federal Credit Union (NEFCU) of Williston has announced its acquisition of Health One Credit Union, a financial institution serving communities in Michigan and Ohio. The acquisition, which was finalized on December 12, makes Health One a division of NEFCU and adds more than 3,000 members and $15 million in assets to Vermont’s largest Credit Union.

NEFCU is one of the state’s leading financial institutions, with more than 91,000 members and over $1 billion in assets. The acquisition of Health One is part of NEFCU’s strategy to expand into new markets that provide opportunities for future growth.

by John Herrick vtdigger.org Entergy will draw from a $143 million line of credit to pay for the cost of transferring spent nuclear fuel at Vermont Yankee into temporary storage. Previously, the company had insisted on tapping decommissioning funds. The decision to borrow money for the transfer expenses means the facility could be decommissioned decades sooner than anticipated.

Entergy, the Louisiana-based operator of the Vermont Yankee nuclear power plant in Vernon, expects to stop generating power on or about December 29. The company will then begin moving spent nuclear fuel from the reactor into a cooling pool.

The Vermont Department of Environmental Conservation issued a water quality certification Thursday regarding the future operations of Green Mountain Power’s Waterbury Hydroelectric Project. Under this decision, the Waterbury Reservoir will be maintained at the current summertime level year-round, and flows will be managed to more closely mirror the natural flow of the Little River. The Department’s water quality certification ensures that dam operations are conducted in a manner that protects fishing, swimming, boating and other recreational uses of both the Waterbury Reservoir and Little River. The decision also ensures that the dam will continue to serve its primary purpose of flood control.