U.S. Ambassador to Canada Presents Annual Leadership Award to Vermont Lt.Governor(BOSTON, MA) – U.S. Ambassador to Canada Paul Cellucci introduced VermontLt. Governor Brian Dubie to a full house of 85 New England and Canadianbusiness leaders Friday morning (9/17)at the New England-Canada BusinessCouncil’s (www.necbc.org(link is external)) annual Leadership Award breakfast atthe Fairmont Copley Plaza.Dubie addressed the group about his experiences over the past 20 monthsreviving relationships between Vermont and Canada in the areas ofcommerce, the environment, energy, education, transportation and bordersecurity. He concluded his remarks to a standing ovation.Paul Raymond, senior vice president for the Canadian informationtechnology firm CGI Group, Inc., is president and CEO of the Council. Hejoined Dubie and Cellucci at the podium to present the award to Dubie,which reads, “In recognition of your exemplary achievements with regard tointernational trade between Canada and New England.””NECBC presents this award annually to an individual who has displayedexceptional leadership in promoting economic, political and culturalrelations between Canada and New England,” said Raymond.As Governor of Massachusetts, Cellucci was the first recipient of theaward in 1999. Other previous award recipients include Nova Scotia PremierJohn F. Hamm, former Canadian Consul General to New England Mary Clancy,former Maine Governor Angus King, and President & CEO of ManulifeFinancial, Dominic D’Alessandro.
Sign*A*Rama, Where the World Goes for Signs of South Burlington, announces that Bambi Shanahan has joined the company as Marketing Assistant. She has over six years of marketing and business administration experience and she owned her own consulting firm prior to joining our location at 3073 Williston Road.
MAINE REGULATORS TO RE-CONSIDER TERMS OVER FAIRPOINT’S ACQUISITION OF VERIZON(January 16, 2008) — The Maine Public Advocate is suggesting that the states regulators revisit the conditions they approved earlier this month for Fairpoints acquisition of Verizon. The readjustment was suggested after The Vermont Public Service Department agreed on a deal with Fairpoint that differed from terms made between the company and Maine.The Vermont Public Service Department, which represents consumers, reached an agreement with the phone companies on January 8. That agreement is now before the Vermont Public Service Board, which acts as the states regulatory body and has the final say in the decision.Vermonts pending terms and conditions involve a performance enhancement plan that requires Fairpoint to put $12.5 million aside annually for improvements and advancements in service quality if certain standards are not met. Maines deal with the company requires Verizon to provide Fairpoint with more than $235 million for debt reduction. Maines public advocate is worried that certain conditions being debated in the Vermont deal would mean that some of that money will be used for other purposes. Maines public advocate is concerned that conditions of the Vermont deal will threaten Fairpoints financial viability.This backwards step in the drawn out struggle over the approval of Fairpoint’s acquisition of Verizon comes after the Federal Communications Commission January 9 approval of the transfer of Verizon’s landline business in Vermont, New Hampshire and Maine to FairPoint Communications, Inc (NYSE: FRP).The FCC commissioners voted 3-2, with both Democrats voting against, to approve the assignment of authorizations and licenses associated with the proposed acquisition by FairPoint of Verizons wireline operations in Northern New England.The FCC order concludes, “We find that no significant public interest harms are likely to result from the merger, and that public interest benefits are likely to occur.”In dissenting, Commissioner Jonathan Adelstein wrote, in part: “I am particularly concerned about these issues because Vermont, Maine, and New Hampshire have an exceptionally high percentage of rural residents. Consumers in these rural areas, despite the efforts of state and local governments, face some of the lowest levels of broadband penetration in the country. A rural-focused company may provide real benefits for the consumers in this region, but more careful attention to the benefits proffered seems warranted here, particularly given the size and scale of the transaction. Like a python swallowing an elephant, the acquiring company here will be taking the reins of an entity that is approximately six times larger than its current size.”Yet, inexplicably, there are no special measures in this Order to address the concerns about broadband deployment, wholesale service, or service quality for customers in these three states. The Order itself does not wrestle in any serious way with the ultimate question for consumers, as posed by the consumer commenters, of what level of service these new customers will be receiving and at what price. Instead, this Order takes at face value assertion after assertion without engaging in meaningful analysis. I might have been persuaded that, with the proper analysis and conditions, this merger could serve the public interest. Sadly, neither is offered in this Order.”Commenting on the FCC’s approval, Gene Johnson, chairman and CEO of FairPoint, said, “In providing the approval for the necessary license transfers related to this merger, the FCC has recognized this transaction is in the best interest of consumers and businesses. As we continue to make progress toward closing this transaction, we look forward to serving our new customers in northern New England and offering enhanced communications products and services.”The Order can be found at:http://hraunfoss.fcc.gov/edocs_public/attachmatch/FCC-07-226A1.doc(link is external)
South Burlington resident John Henning has been named General Manager for Lewis Motors Inc. He held a similar position with Courtesy Toyota/Scion and Twin City Subaru in Berlin, VT for the past 18 years and is widely regarded as one of the most successful dealer operators in Vermont.The opportunity to bring John on board presented itself and I enthusiastically seized the opportunity, said David A. Lewis, President and Owner of the South Burlington dealership. It is rare to have local talent become available, especially someone with Johns experience and successful track record. We believe he is a perfect fit for our growing organization.Lewis Motors, the exclusive, authorized dealer for the Acura, Audi and Volkswagen brands, was founded in 1974, by Al Lewis and has been operated as a family-owned business for the past 34 years.
Vermont specialty wood products manufacturer Classic Designs by Matthew Burak continues to grow at a double digit pace, despite overall weakness in the housing market.The company manufactures high-quality turned columns for kitchen and bath cabinetmakers. Company sales have grown at an annual rate of 12% over the last 20 months. Internet sales from the companys website, www.tablelegs.com(link is external) have grown 61% over the same period last year.Remodeling is driving our business right now, says General Manager David Redmond. Our customers are cabinetmakers from all over the country. They are telling us a couple interesting things. One, homeowners trying to sell their home in slow markets are remodeling kitchens in an effort to attract buyers. These people use our columns and corbels to update an older home with its first kitchen island. Two, were hearing that clients whose homes are not on the market are doing some serious cocooning. Instead of the big travel vacation, homeowners are investing in spending leisure time at home, Redmond says.Kitchens are getting bigger, with more ambitious trim packages at the high and upper-middle end levels, Redmond continues. Our products give cabinetmakers an easy way to make cabinetry look more luxurious. Classic Designs can modify any stock to give a custom look without the big expense of truly custom-turned components.Classic Designs by Matthew Burak84 Central StreetSt. Johnsbury, VT 05819-2326www.tablelegs.com(link is external)
RUTLAND, VT — (Marketwire) — 03/13/09 –Source: Released: 03/13/09 04:59 AM EDT Central Vermont Public Service (NYSE: CV Central Vermont Public Service reported consolidated annual earnings of $16.4 million, or $1.52 per diluted share of common stock for 2008, compared to $15.8 million, or $1.49 per diluted share of common stock for 2007. CV reported fourth-quarter 2008 consolidated losses of less than $0.1 million, or 1 cent per diluted share of common stock, compared to earnings of $5.3 million, or 50 cents per diluted share of common stock, for the same period last year.Highlights: — Annual earnings of $16.4 million, or $1.52 per diluted share, up 3 cents compared to last year — Fourth-quarter loss of less than $0.1 million, or 1 cent per diluted share, 51 cents lower than last year — Increased annual resale revenues of $9.7 million and increased annual earnings from affiliates of $9.8 million contributed favorably — Retail rate increase of 2.3 percent effective Feb. 1, 2008 — Vermont Public Service Board (PSB) approved alternative regulation plan effective Nov. 1, 2008 — Deferred $4.1 million of Dec. 2008 ice storm costs for recovery over one-year beginning July 2009 — Common stock issuance of 1,190,000 shares provided $21.3 million of net proceeds — 2009 earnings guidance of $1.40 to $1.60 per diluted share.”Extremely high storm restoration costs due to a historic ice storm in December would have significantly affected our fourth-quarter and annual earnings, but we received a favorable Public Service Board regulatory decision, with the Department of Public Service’s endorsement, under our alternative regulation plan and were able to defer $4.1 million of those costs,” President Bob Young said. “Restoring service after the ice storm cost the company more than $5 million. Despite the tremendous costs and challenges, the storm showcased the incredible spirit and professionalism of our employees, who rose to the occasion and restored service to all customers quickly and safely. What could have been a disaster operationally became one of our finest hours.”Year-end 2008 results compared to 2007Annual operating revenues increased $13.1 million, including $9.7 million in resale revenues, $1.3 million in retail revenues and $2.1 million in other operating revenues. Resale revenues increased due to higher average prices and an increase in excess power available for resale. We had more power available for resale because retail sales volume decreased 2.6 percent, while output from Vermont Yankee, Independent Power Producers and our owned and jointly owned generating units increased compared to 2007.The increase in retail revenues included $5.7 million from the 2.3 percent rate increase and $2.2 million from higher average unit prices resulting from customer usage mix and rate redesign. This was partially offset by a $6.6 million decrease in sales volume. The volume decrease reflects lower average usage resulting from a slowing economy and energy conservation, and the effect of the loss of three industrial customers due to plant closures. Other operating revenues increased largely due to the sale of transmission rights.Purchased power expenses increased $4.7 million due to increased purchases of output from the Vermont Yankee plant, Independent Power Producers and short-term purchases, partially offset by reduced deliveries from Hydro-Quebec due to a 5 percent decrease in the annual load factor. Vermont Yankee operated at nearly full capacity during 2008 with the exception of a few derates and the scheduled refueling outage in the fourth quarter of 2008. The plant had a scheduled refueling outage in the second quarter of 2007, and a derate and unplanned outage in the third quarter of 2007.Other operating expenses increased $8.3 million. This was largely the result of higher transmission-related expenses, due to higher rates under the New England transmission tariff and costs from Vermont Transco LLC (“Transco”) for its capital projects and increases in its operating costs. As a result of a favorable regulatory decision from the Public Service Board, pursuant to our alternative regulation plan, we were able to defer $4.1 million of service restoration costs resulting from the ice storm in December 2008. We also had higher tree trimming and employee-related costs, higher net regulatory amortizations and reserves for uncollectible accounts, partially offset by lower professional service costs. In 2007, Other operating expenses included $3.5 million of service restoration costs related to the so-called Nor’icane.Other factors impacting 2008 results compared to 2007 include a $9.8 million increase in equity in earnings from affiliates as a result of the additional $53 million investment in Transco that we made in December 2007, partially offset by the related income taxes, a $2.3 million decrease in other, net, principally due to a decline in the cash surrender value of variable life insurance policies held in trust to fund supplemental retirement plans, which are affected by the equity markets, and a $3 million increase in interest expense largely due to the $60 million first mortgage bonds issued in May 2008.Fourth-quarter 2008 results compared to 2007Operating revenues decreased $3.2 million in the fourth quarter, including $3 million of lower resale revenues, $0.4 million of lower retail revenues, and $0.1 million of provision for rate refunds, offset by $0.3 million of higher other operating revenues. Resale revenues decreased due to less power available for resale due to planned nuclear refueling outages and lower average prices. Less power was available for resale due to the planned refueling outages at the Vermont Yankee and Millstone Unit #3 plants. Retail revenues decreased $0.4 million due to lower volume and customer usage mix, which were partially offset by the 2.3 percent retail rate increase effective Feb. 1, 2008.Purchased power expenses increased $0.5 million related to higher short-term purchases for replacement power during the planned nuclear plant outages and increased output from Independent Power Producers, partially offset by decreased output from the Vermont Yankee plant. Independent Power Producers consist primarily of hydro facilities and output levels are dependent on weather conditions.Other operating expenses increased $4.1 million due to transmission-related expenses principally due to higher rates under the tariff, partially offset by higher reimbursements under the New England open access transmission tariff. Other items are the same as those described above.Equity in earnings of affiliates increased $2.4 million, interest expense increased $0.8 million, and Other, net decreased $0.1 million due to the reasons described above.2009 Earnings GuidanceCV anticipates 2009 earnings in the range of $1.40 to $1.60 per diluted share. As part of an alternative regulation agreement approved by the Vermont Public Service Board, the company’s allowed rate of return on equity is 9.77 percent, but due to the earnings sharing provisions of the agreement, the actual return on equity from utility operations can fall between 10.21 percent and 8.77 percent.WebcastCV will host an earnings teleconference and webcast on March 13, 2009 beginning at 11 a.m. EDT. At that time, CV President and CEO Robert Young and CV Chief Financial Officer Pamela Keefe will discuss the company’s financial results, as well as progress made toward achieving its long-term strategy.Interested parties may listen to the conference call live on the Internet by selecting the “Q4 2008 Central Vermont Public Service Earnings Conference Call” link on the investor relations section of the company’s website at www.cvps.com(link is external). The dial-in number is: 1-877-407-0782. An audio archive of the call will be available at approximately 1 p.m. EDT at the same location or by dialing (Toll Free) 1-877-660-6853 or (International) 1-201-612-7415 and entering Passcodes: Account #: 286 and Conference ID #: 314464.About CVCV is Vermont’s largest electric utility, serving approximately 159,000 customers statewide. CV’s non-regulated subsidiary, Catamount Resources Corporation, sells and rents electric water heaters through a subsidiary, SmartEnergy Water Heating Services.Form 10-KToday the company filed its annual 2008 Form 10-K with the Securities and Exchange Commission. A copy of that report is available on the investor relations section of our web site, www.cvps.com(link is external). Please refer to it for additional information regarding our condensed consolidated financial statements, results of operations, capital resources and liquidity.Forward-Looking StatementsStatements contained in this press release that are not historical fact are forward-looking statements intended to qualify for the safe-harbors from the liability established by the Private Securities Litigation Reform Act of 1995. Statements made that are not historical facts are forward-looking and, accordingly, involve estimates, assumptions, risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Actual results will depend, among other things, upon the actions of regulators, performance of the Vermont Yankee nuclear power plant, effects of and changes in weather and economic conditions, volatility in wholesale electric markets and our ability to maintain our current credit ratings. These and other risk factors are detailed in CV’s Securities and Exchange Commission filings. CV cannot predict the outcome of any of these matters; accordingly, there can be no assurance that such indicated results will be realized. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this press release. CV does not undertake any obligation to publicly release any revision to these forward-looking statements to reflect events or circumstances after the date of this press release.Reconciliation of Earnings Per Diluted Share Three Twelve Months Ended Months Ended December 31 December 312007 Earnings per diluted share $ 0.50 $ 1.49 (Lower) higher operating revenues (0.17) 0.73 Higher equity in earnings of affiliates 0.13 0.54 Higher purchased power expense (0.03) (0.27) Higher transmission expense (0.01) (0.25) Higher interest expense (0.05) (0.17) Higher other operating expenses (1) (0.21) (0.21) Other (2) (0.17) (0.34) ———– ———–2008 (Loss)/Earnings per diluted share $ (0.01) $ 1.52 =========== ===========(1) Includes higher tree trimming, employee-related and net regulatory amortizations, offset by lower service restoration costs, largely due to the April 2007 Nor’icane.(2) Includes higher loss on life insurance policies, affected by the equity markets, and higher income taxes related to equity in earnings. Central Vermont Public Service Corporation – Consolidated Earnings Release (unaudited) (dollars in thousands, except per share amounts) Three Months Ended Twelve Months Ended December 31 December 31 2008 2007 2008 2007 ———- ———- ———- ———-Condensed income statementOperating revenues: Retail sales $ 71,732 $ 72,083 $ 283,073 $ 281,819 Resale sales 8,211 11,254 48,641 38,935 Other 2,741 2,520 10,448 8,353 ———- ———- ———- ———-Total operating revenues 82,684 85,857 342,162 329,107 ———- ———- ———- ———-Operating expenses: Purchased power – affiliates and other 41,132 40,590 165,451 160,722 Other operating expenses 42,059 37,946 153,403 145,119 Income (benefit) tax expense (947) 1,443 4,878 5,291 ———- ———- ———- ———-Total operating expense 82,244 79,979 323,732 311,132 ———- ———- ———- ———-Utility operating income 440 5,878 18,430 17,975 ———- ———- ———- ———-Other income: Equity in earnings of affiliates 4,022 1,618 16,264 6,430 Other, net 13 92 (879) 1,379 Income tax expense (1,512) (183) (5,862) (1,458) ———- ———- ———- ———- Total other income 2,523 1,527 9,523 6,351 ———- ———- ———- ———-Interest expense 2,968 2,149 11,568 8,522 ———- ———- ———- ———-Net (loss) income (5) 5,256 16,385 15,804Dividends declared on preferred stock 92 92 368 368 ———- ———- ———- ———-Earnings available for common stock $ (97) $ 5,164 $ 16,017 $ 15,436 ========== ========== ========== ==========Per common share dataEarnings per share of common stock – basic $ (0.01) $ 0.51 $ 1.53 $ 1.52Earnings per share of common stock – diluted $ (0.01) $ 0.50 $ 1.52 $ 1.49Average shares of common stock outstanding – basic 10,863,926 10,222,378 10,458,220 10,185,930Average shares of common stock outstanding – diluted 10,863,926 10,380,808 10,536,131 10,350,191Dividends declared per share of common stock $ 0.00 $ 0.00 $ 0.92 $ 0.92Dividends paid per share of common stock $ 0.23 $ 0.23 $ 0.92 $ 0.92Supplemental financial statement dataBalance sheet Investments in affiliates $ 102,232 $ 93,452 Total assets $ 626,126 $ 540,314 Notes Payable $ 10,800 $ 63,800 Common stock equity $ 219,479 $ 188,807 Long-term debt (excluding current portions) $ 167,500 $ 112,950Cash Flows Cash and cash equivalents at beginning of period $ 3,803 $ 2,799 Cash provided by operating activities 28,400 34,092 Cash used for investing activities (40,498) (76,620) Cash provided by financing activities 15,017 43,532 ———- ———- Cash and cash equivalents at end of period $ 6,722 $ 3,803 ========== ==========
William Maclay Architects WaitsfieldPaul SachsBradfordE&E Hospitality LimitedArlingtonWest Mountain Inn ArlingtonWind: Recipient Project LocationReverse Osmosis or High Efficiency Arch systems: USDA Rural Development has selected 35 Vermont businesses to receive $2,364,617 Rural Energy for America Program (REAP) energy efficiency and energy improvement grants and loan guarantees. Twenty-two businesses were announced today, by Agriculture Secretary Tom Vilsack, and are the final selections for the REAP funds this fiscal year. USDA Rural Development recognizes the importance of renewable energy and energy efficiency. said Rhonda Shippee, Acting State Director. We look forward to continued success in funding similar projects– helping finance projects that are good for the economy and good for the bottom line of the participating Vermont businesses.Recipients will use their awards for a variety of energy efficiency and renewable energy purposes. These awards will additional small wind, solar electric generation and lighting improvement projects to USDA Rural Developments energy program portfolio.As part of the selections, USDA Rural Development s REAP funds continue to be sought after by Vermont s agriculture producers. Dubois Energy LLC will partner their loan guarantee and grant with State, local, and private financing to purchase and install an anaerobic digester system to generate electricity and produce on farm bedding for their operation in Vergennes. Monument Farms Three Gen, LLC in Weybridge, are also receiving a grant and loan guarantee to purchase and install an anaerobic digester system to produce electricity which they will sale to the local utility, and produce energy to heat hot water for the milk house.Twenty-seven awards, totaling $427,626, will be used by maple producers throughout the state for the purchase and installation of reverse osmosis equipment or a new high efficiency arch systems. These systems will reduce energy consumption and increase net farm income.REAP loan guarantees and grants can be used for renewable energy systems, energy efficiency improvements, feasibility studies and energy audits. These funds are not part of the American Recovery and Reinvestment Act. For more information on the REAP program, which is authorized under the 2008 Farm Bill, please visit www.rurdev.usda.gov/rbs/farmbill/index.html(link is external).See below for a list of all projects receiving awards under this program.USDA Rural Development s mission is to increase economic opportunity and improve the quality of life for rural residents. Rural Development fosters growth in homeownership, finances business development, and supports the creation of critical community and technology infrastructure. Further information on our programs is available by contacting us at (802)828-6031 or by visiting USDA Rural Development s web site at www.rurdev.usda.gov/vt(link is external).Fiscal Year 2009 USDA Rural Development s Rural Energy for America Program selections: Damian BranonFairfieldRidgeview Farm, IncFairfieldCarlton Bertrand, Jr.SwantonScott BoyceRichfordWayne FifieldThetford CenterRodney & Glenda ParadeeSwantonJoseph A. JordanEssex Jct.Charles M. Cooley, Jr.MorrisvilleNorman Fecteau & David L. SteinhourRichfordMorse Farm Inc.MontpelierGary CoreyFairfieldClifford LaPointCraftsburyDouglas RoseLudlowDavid & Sharon DolloffLyndonvillePaul A. LaharAlbanyGabriel GervaisEast FairfieldRobert Lemire SrEssex Jct.Tator’s Sugar ShackSt. AlbansButternut Mountain FarmMorrisvilleFranklin YatesFairfieldPaul PalmerJeffersonvilleDaniel & Rose RoyerNewport CenterKenneth SaundersRupertFernand & Patricia GagneSwantonHoward & Carolyn CollinsNewport CenterRandi & Louise CalderwoodCraftsburyPriscilla WhiteFairfieldWalter Gladstone lighting improvementsBradfordPhoto Voltaic: Harvey McDonald small windDerby LineAnaerobic Digester Systems: Dubois Energy, LLCVergennesMonument Farms Three Gen, LLCWeybridge Source: Montpelier, VT, September 24, 2009 USDA Rural Development.
Responding to requests from citizens for information and answers about the impacts of industrial wind projects, Vermonters for a Clean Environment (VCE) has organized a forum on wind and energy issues faced by communities in Rutland County and around Vermont. The Forum will take place Thursday evening, Oct. 22, at the West Rutland Town Hall, starting at 7 pm.”VCE is committed to providing information about issues of concern to Vermonters who are facing big wind turbine projects,” said Annette Smith, Executive Director of VCE. “We are looking forward to a lively discussion about Vermont’s energy future, as well as learning from qualified experts about noise and health problems associated with living near big wind turbines.”Presentation topics will include Siting Wind Turbines to Prevent Health Risks from Sound, Can Industrial Wind Turbines Affect Your Health?, and Can Vermont Meet Renewable Energy and Climate Change Goals Without Ridge Top Wind? The topics address some of the key issues that have been raised by industrial wind developments recently proposed for Rutland, Chittenden, Franklin, Caledonia, Lamoille, and Orleans counties.The event will include both technical presentations and opportunities for residents to question the presenters. “I am looking forward to learning more about what these experts have to say, not only about noise and health problems from big wind turbines, but about how wind developers behave in other places,” said Middletown Springs resident David Wright.The experts giving the presentations have worked extensively in the fields of noise, medicine, and energy markets. Please see attached speaker biographies for more information.A social hour, with light refreshments, will begin at 6 p.m.”In my talk on renewable energy and climate change, I will be discussing how Vermont can meet our environmental goals, and what are our alternatives to 400 foot wind turbines on Vermont ridge tops, if they are found to be problematic for the local community,” said Kevin Jones, who lives in Chittenden and has worked for 20 years on energy market issues in the Northeast.www.vce.org(link is external).
Mount Family Group, LTD,The Mount Family Group (MFG), operator of Westaff offices in Burlington,St. Albans, St. Johnsbury and Barre was named Franchise Business of theYear by the Westaff Franchisor, The Select Family of Staffing Companies.MFG also operates Westaff branches along the Connecticut River Valley inNew Hampshire and in New York and southern New England.In presenting the award, Irwin Much, President of the Select FranchiseDivision cited the group s sales level and its expansion during therecent economic downturn. The award was presented at the Select ManagersMeeting in Newport Beach, California.Accepting the award were David Mount, James Mount and Karen Mount. Thisaward is really accepted on behalf of all of the employees of our company both our full-time staff and our temporary associates. It is a greathonor for us and for them and we thank them for all that they do, saidDavid Mount.Mount Family Group is a Vermont corporation with headquarters on MainStreet in Burlington.Source: Westaff. 5.4.2010
Name of AwardeeTownDescription of ProjectGrant $ Amount VT Law SchoolS. RoyaltonThermal energy efficiency retrofit of building (new home to Poverty Law & Environment Law Ctrs)250,000Burlington CollegeBurlingtonThermal energy efficiency retrofit of two old RC Diocese bldgs for the new home of Burlington College233,000VCFA (Fine Arts)MontpelierThermal energy efficiency retrofit of ten buildings and install one new insulated roof233,000North Country HospitalNewportExtend existing biomass district heating to new campus bldg149,478Castleton State CollegeCastletonThermal energy efficiency retrofit of Woodruff Hall137,964 Middlebury CollegeMiddleburyThermal energy efficiency retrofits of three old bldgs137,000College of St JosephRutlandInstall Sto Exterior Insulation systems on two dorm buildings122,749Goddard CollegePlainfieldInstallation of a wood chip district heating system for 22 buildings.100,000Marlboro CollegeMarlboroThermal energy efficiency retrofit in Dalrymple classroom building83,258NOTCH (Northern Tier Ctr for Health)RichfordThermal energy efficiency retrofit & upgrades (pumps, controls, meters, heat recovery) in Mill bldg72,500Brattleboro RetreatBrattleboroPurchase & install new highly efficient oil boiler (allow switch from #6 to #2 fuel oil)50,000VT Tech. CollegeRandolph CtrInstallation of a geothermal heat pump system to provide heating/cooling to the Allen House which is the home of VTC’s Ctr For Sustainable Practices50,000Visiting Nurses AssocColchesterThermal energy efficiency retrofit measures, including the replacement of 15 aged heat pumps50,000East Dorset & Dorset Fire DistrictsDorset, E. DorsetThermal energy efficiency retrofit at two fire station buildings37,052 The Vermont Clean Energy Development Board has awarded over $1.7 million worth of grants supporting 14 clean energy projects at public serving institutions across the state. The Clean Energy Development Board is excited to support these public serving institutions with clean energy grants. These funds will help these institutions save energy and money which will, in turn, benefit Vermonters throughout the State. said CED Board co-Chair Robert Dostis.The grants allocate funds received by Vermont from the federal American Recovery and Reinvestment Act (ARRA). In 2009 the state legislature allocated $2 million of the ARRA funds to be used to support clean energy projects at public serving institutions which was defined as hospitals, colleges, universities and government buildings. We are pleased to put these funds to work helping to stimulate the economy, create jobs and increase the state s investment in clean energy, while at the same time supporting these important public serving institutions said Sam Swanson, CED Board co-chair.The CEDF was created by the Legislature in 2005 to increase the development of renewable energy and combined heat and power technologies. The CEDF is funded by two MOU s with Entergy VT Yankee steaming from the plant s dry cask storage and power up-rate. In 2009, the fund received $31.5 million from the federal government under ARRA. Total Grants:$ 1,706,001 Source: Vermont Clean Energy Development Board. 6.16.2010