Vt. Congress Divided Over $700M Utility Merger Plans

Law360, New York (April 27, 2012, 7:28 PM EDT) -- Vermont's House of Representatives on Friday voted against intervening in regulatory proceedings over a proposed $700 million merger of the state's two largest utilities, Central Vermont Public Service Corp. and Green Mountain Power Corp., defying a Thursday Senate vote in favor of getting involved.

The houses are dueling over whether the legislators have a right to get involved with merger approval proceedings currently before the Public Service Board, and whether the state Congress should specifically order that $21 million the companies have set aside for energy...
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