Vermont’s largest electric utility says it has signed two new power supply contracts to fill a gap created by the end of the existing contract with the Vermont Yankee nuclear power plant.
The Central Vermont Public Service Corp. says the nine-month contracts that will begin April 1, 2012 provide power for 4.75 cents per kilowatt hour. The contracts are worth a total of $27 million.
The contracts will provide a total of 570,000 megawatt-hours of energy, or about 20 percent of CVPS’s power supply during the life of the contracts,
