Vermont Electric Power Company (VELCO) announces the election of Michele Nelson to serve as VELCO's Chief Financial Officer effective immediately. Nelson had been serving as the company's Vice President of Finance since 2012. The VELCO Board of Directors unanimously approved Nelson's elevation at their February 5 meeting.
In making the announcement, VELCO Board Chairman Lawrence Reilly stated: "Michele earned this promotion through her sustained performance results and continuing expansion of responsibilities. Her unparalleled expertise in regional utility rate and tariff structures,project financing options and disciplined fiscal approach are more valuable than ever as the electric industry continues to rapidly evolve."
In citing Nelson's growth and accomplishments, VELCO President and CEO Tom Dunn stated, "Michele is a key member of my executive team. She couples her keen financial acumen with a strong commitment to live VELCO's values to produce work I rely on. Today's promotion was well deserved."
Michele previously served as Treasurer since 2010, Assistant Treasurer since 2008, and Manager of Accounting since 1995. Prior to joining VELCO, she was an Internal Auditor at Central Vermont Public Service. Nelson received a Bachelor of Science degree in Business Administration from the University of Vermont. Michele and her husband Dan and two sons live in Rutland Town.
Source: RUTLAND, VT, 2/5/15--Vermont Electric Power Company
Vermont Electric Power Company (VELCO) provides reliable, cost effective and environmentally sound electric transmission services to in-state electric distribution companies. VELCO was formed in 1956 when local utilities joined together to create the nation's first statewide, "transmission only" company in order to share access to clean hydro power and maintain the state's transmission grid. VELCO currently manages a system that includes: 738 miles of transmission lines, 13,000 acres of rights-of-way, 55 substations, equipment that enables interconnected operations with Hydro-Quebec, and fiber optic communication networks that monitor and control the electric system. The company's 150 employees work to: give Vermont's utilities and their customers a strong unified voice on regional energy issues; and ensure continued access to safe, reliable, cost-effective, and sustainable power technology. VELCO is committed to utilizing energy efficiency, power generation and system infrastructure to serve as Vermont's transmission reliability resource. For more information please visit our website atwww.velco.com.