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GMP’s network of Powerwall batteries delivers first-in-New England benefit for grid

Thu, 05/13/2021 - 2:08pm -- tim

Vermont Business Magazine Green Mountain Power announced today that a new program is benefiting customers and the grid, and marks the first time stored energy in a network of residential batteries is being used to help keep the regional grid balanced. GMP’s pioneering new Frequency Regulation Pilot program allows customers to share stored energy with regional grid operator ISO-New England to keep a steady, regulated flow of energy on the grid at all times, a critical function for regional system safety and reliability for customers.

KeyBank's support for small businesses in 2020 wins Greenwich Excellence Awards

Thu, 05/13/2021 - 12:16pm -- tim

Vermont Business Magazine KeyBank, with branches across Vermont, is being recognized for its support of small business clients by the Greenwich Excellence Awards, both nationally and regionally in 2020, highlighting the bank's accomplishments in client satisfaction, Relationship Manager interaction, and cash management. The awards – determined through a survey of more than 12,000 interviews with businesses between $1 million and $10 million in revenues, evaluated 600 banks and named KeyBank among a select group of organizations performing in support and service for small businesses.

LEAP to begin offering some workshops

Thu, 05/13/2021 - 11:32am -- tim

​Vermont Business Magazine As COVID-19 is starting to come under control, LEAP (Logger Education to Advance Professionalism) will begin offering some workshops again. To deal with the no-training year of 2020, we are bumping everyone up one year from wherever you are at currently. In other words, if your Certification Period was 2018-2020, then you will now be 2019-2021 etc. We will work with everyone to get your status with LEAP back to normal. As per the Governor’s Emergency Order regarding COVID-19, we will continue to follow the recommended guidelines. 

Plunkett named president of Hickok & Boardman Insurance

Thu, 05/13/2021 - 10:55am -- tim

Vermont Business Magazine Hickok & Boardman Insurance Group has announced the appointment of Paul Plunkett as President and Chief Operating Officer. Scott Boardman will continue as Chief Executive Officer. Plunkett brings over 33 years of insurance experience to this position. He began his career at Hickok & Boardman Insurance Group in 1988, as a Commercial Property and Casualty Agent, became a Principal of the firm and was elected to the Board of Directors in 1994. He was elected Senior Vice President in 1999.

Vermont leads nation in equity-rich homes

Thu, 05/13/2021 - 10:45am -- tim

Vermont Business Magazine Vermont boasts the highest percentage of "equity-rich" properties (51.5 percent) in the United States and is also among the states that gained the most over the last quarter. ATTOM Data Solutions today released its first-quarter 2021 US Home Equity & Underwater Report, which shows that 17.8 million residential properties in the United States were considered equity-rich, meaning the mortgage was 50 percent or less of the estimated market value. The count of equity-rich properties in the first quarter of 2021 represented 31.9 percent, or about one in three, of the 55.8 million mortgaged homes in the US. 

iSun postpones for two weeks 2020 and 2021 annual meetings of stockholders

Thu, 05/13/2021 - 9:57am -- tim

Vermont Business Magazine iSun, Inc, a solar energy and clean mobility infrastructure company based in Williston, has announced that its Board of Directors has determined to postpone and reschedule the 2020 and 2021 Annual Meetings of Stockholders which were scheduled to be held on May 11, 2021, due to delays in the process of printing and mailing the proxy materials to the Stockholders on a timely basis. The 2020 and 2021 Annual Meetings of Stockholders will now be held on Tuesday, May 25, 2021, beginning at 1 pm.
 

Preservation Trust of Vermont accepting proposals for former Vermont Marble building

Thu, 05/13/2021 - 6:45am -- tim

Vermont Business Magazine The Preservation Trust of Vermont (PTV) is soliciting proposals from individuals, organizations, and businesses interested in acquiring 52 Main Street, Proctor, VT, home of the Vermont Marble Museum. PTV acquired 52 Main Street in 2014 as part of an effort to preserve and protect the collections of the Vermont Marble Museum when they went up for sale by the previous owner. PTV has since stabilized the building and now plans to transfer ownership to the next steward of this remarkable property.

Gas prices in US hit $3 per gallon, first time since 2014, VT still lower

Thu, 05/13/2021 - 5:23am -- tim

Vermont Business Magazine The national average price of gasoline today has passed the $3 per gallon mark, according to GasBuddy, the travel and navigation app used by more North American drivers to save money on gas. This is a milestone not seen since David Letterman still hosted Late Night, Pharrell’s hat was introduced to the world, and Kim and Kanye got hitched. Meanwhile, Vermont gasoline prices increased 6 cents since last week to $2.89. Vermont gas prices have been slightly under the US average for several months.

Proposal to scuttle ferry in Lake Champlain dropped

Thu, 05/13/2021 - 3:58am -- tim

Vermont Business Magazine Citing opposition from environmental groups and the public, Lake Champlain Transportation Company and Vermont Division for Historic Preservation announced on Tuesday the withdrawal of its application for a permit to sink the Adirondack, a retired ferry, in Lake Champlain. Instead of being abandoned underwater to create an artificial reef for scuba divers, the vessel will be scrapped.

Vermont opens vaccination Thursday to ages 12 to 15 following CDC Pfizer approval

Wed, 05/12/2021 - 5:48pm -- tim

Vermont Business Magazine Vaccination registration will open to Vermonters ages 12 to 15 on Thursday morning, following the Centers for Disease Control and Prevention’s action late Wednesday authorizing use of the Pfizer-BioNTech COVID-19 vaccine for this age group. The Food & Drug Administration authorized this emergency use of the vaccine earlier this week. On Wednesday, the CDC’s Advisory Committee on Immunization Practices overwhelmingly recommended, and the CDC approved, this use of the vaccine, based on clinical trial data that found it to be safe and effective. Meanwhile, the VDH is reporting 28 new cases of COVID-19 and one more death for 252 total statewide.

Insurers file proposed 2022 small group rates, BCBSVT decrease of 7.8%, MVP 5% increase

Wed, 05/12/2021 - 5:21pm -- tim

Vermont Business Magazine Taking advantage of the enhanced subsidies available to individuals under ARPA, the Vermont Legislature has “unmerged” the individual and small group markets for 2022. Unmerging the individual and small group markets is expected to lower small group premiums and increase individual premiums from what they otherwise would have been, with the enhanced subsidies offsetting the increased premiums in the individual market. These changes will not impact how individuals, families, and small businesses purchase health insurance plans. For small group, Blue Cross Blue Shield of Vermont (BCBSVT) is requesting an average annual decrease of 7.8% over 2021 rates, while MVP Health Plan (MVP) is requesting an average annual increase of 5.0% over 2021 rates.

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