The Town of Stowe Electric Department (SED), a municipally-owned electric system serving Stowe, Vermont, announced today that it will soon apply a 3.5 percent uniform rate reduction to all current rates as well as issue approximately $125,000 in customer refunds retroactive to July 2013.’ While still subject to Public Service Board approval, the rate reduction will result in yearly savings to Stowe ratepayers of an estimated $400,000.
‘Maintaining a continued focus on cost containment, while ensuring the reliability of our system, has allowed us to pass savings on to our valued customers,’ said Ellen Burt, General Manager SED. ‘As a municipal utility, all efficiencies we achieve result in direct savings to our ratepayers; we are committed to pushing the envelope to provide the greatest possible value without compromising on reliability and customer service.’
Burt noted that refunds are expected to be issued in the spring of this year.
"I want to thank SED and the Town of Stowe for their efforts in finding cost savings for their customers,’ said Scott Reeves, VP of Mountain Operations at Stowe Mountain Resort.’ ‘We are pleased with the customer service and attention to detail demonstrated by SED to secure this rate reduction and refund.’’
Stowe Mountain Resort is SED’s largest customer.’
SED, Vermont’s second largest municipal utility by load share, serves some 4,200 customers in the Stowe area including Stowe Mountain Resort and Trapp Family Lodge. SED is the first utility to have an electric vehicle charging station served under a special tariff.
Stowe, VT (January 21, 2014) The Town of Stowe Electric Department
Stowe Electric Department announces 3.5 percent rate reduction, refund
Submitted by tim
on