Green Mountain Power Launches New Program for Customers to Combat Global Warming

first_imgGreen Mountain Power (NYSE: GMP)announced its introduction of a new monthly renewable energy service,CoolHomesm, that will enable its customers to take action in the fightagainst global warming. Voluntary charitable donations will help to buildVermont methane generators and other renewable energy projects, which willreduce the greenhouse gas emissions that contribute to global warming.”We’ve made it very simple for customers to do something that works everyday to fight global warming,” said Stephen C. Terry, Green MountainPower’s Senior Vice President of Corporate and Legal Affairs. “Now ourcustomers who are concerned about global warming can choose to include acontribution to the non-profit Clean Air-Cool Planet on their GreenMountain Power bill each month. Our electricity supply is alreadyunusually low in emissions. Now our customers can choose to lessen theimpact of their total energy use,” he says.Green Mountain Power’s new CoolHomesm program allows customers to supportfledgling renewable energy projects through $6 monthly tax-deductibledonations to Clean Air-Cool Planet (CA-CP), a nonprofit organizationbringing climate change solutions to the Northeast. CA-CP in turn usesthe donations to support development of new renewable energy projectsthrough Vermont-based NativeEnergy.Each household participating for one year reduces carbon dioxide emissionsby six tons – the annual fossil fuel and electricity-related emissions ofthe average Vermont household. CA-CP makes this happen by purchasing andretiring “renewable energy credits” from NativeEnergy, allowingparticipating households to enjoy a year of “climate-neutral” living.”We’re excited to work with Green Mountain Power in this initiative,” saidAdam Markham, Clean Air-Cool Planet’s Executive Director. “It’s a greatway to increase awareness about global warming and demonstrate theimportance of individual action.To show their support for the program, Green Mountain Power, theDepartment of Public Service and the Public Service Board have all offseta year’s emissions from their offices’ total energy use. The Departmentplayed a leadership role in calculating the annual carbon dioxideemissions for the entire office building the Department and the Boardshare with AARP and Chittenden Bank. Their collective participationresulted in Montpelier’s first “climate-neutral” large office building.”I’m delighted to see Green Mountain Power offering this fine choice toits customers,” noted Michael Dworkin, Chairman of the Vermont PublicService Board. “This kind of market-based initiative will give thousandsof Vermonters a chance to make a contribution towards a better world forall of us. At the same time, it shows how a small utility can be a leaderin an emerging field. I look forward to this innovation becoming a model,as others offer similar choices to their customers.”The Green Mountain Power program passes 100% of the donated funds to CleanAir-Cool Planet, which supports the development of new renewable energyprojects utilizing the services of Vermont-based NativeEnergy. Thefinancial support is provided through Clean Air-Cool Planet’s up-frontpurchase of long-term streams of the projects’ renewable energy credits,which Clean Air-Cool Planet will then retire to assure permanentenvironmental benefit and fulfill its mission to reduce global warming.last_img