Manufacturers shipments, 2007 ($1000)10,751,4615,338,306,501Merchant wholesaler sales, 2007 ($1000)5,121,6944,174,286,516Retail sales, 2007 ($1000)9,310,1193,917,663,456Retail sales per capita, 2007$15,005$12,990Accommodation and food services sales, 2007 ($1000)1,367,630613,795,732Building permits, 20101,319604,610Federal spending, 200967,720,27131,753,360,502Geography QuickFactsVermontUSALand area in square miles, 20109,216.663,531,905.43Persons per square mile, 201067.987.4FIPS Code50 Total number of firms, 200778,72927,092,908Black-owned firms, percent, 2007S7.10%American Indian- and Alaska Native-owned firms, percent, 20070.50%0.90%Asian-owned firms, percent, 20070.80%5.70%Native Hawaiian and Other Pacific Islander-owned firms, percent, 2007S0.10%Hispanic-owned firms, percent, 20070.60%8.30%Women-owned firms, percent, 200726.00%28.80% Living in same house 1 year & over, 2006-201086.00%84.20%Foreign born persons, percent, 2006-20104.00%12.70%Language other than English spoken at home, pct age 5+, 2006-20105.40%20.10%High school graduates, percent of persons age 25+, 2006-201090.60%85.00%Bachelor’s degree or higher, pct of persons age 25+, 2006-201033.30%27.90%Veterans, 2006-201052,76522,652,496Mean travel time to work (minutes), workers age 16+, 2006-201021.525.2Housing units, 2010322,539131,704,730Homeownership rate, 2006-201071.40%66.60%Housing units in multi-unit structures, percent, 2006-201023.20%25.90%Median value of owner-occupied housing units, 2006-2010$208,400$188,400Households, 2006-2010256,612114,235,996Persons per household, 2006-20102.342.59Per capita money income in past 12 months (2010 dollars) 2006-2010$27,478$27,334Median household income 2006-2010$51,841$51,914Persons below poverty level, percent, 2006-201011.10%13.80%Business QuickFactsVermontUSAPrivate nonfarm establishments, 2009215,6717,433,465Private nonfarm employment, 20092,647,661114,509,626Private nonfarm employment, percent change 2000-20094.4%10.40%Nonemployer establishments, 200959,10821,090,761 1: Includes data not distributed by county. 2: Includes data not distributed by state.Download these tables – delimited | Download these tables – Excel | Download the full data set White persons, percent, 2010 (a)95.30%72.40%Black persons, percent, 2010 (a)1.00%12.60%American Indian and Alaska Native persons, percent, 2010 (a)0.40%0.90%Asian persons, percent, 2010 (a)1.30%4.80%Native Hawaiian and Other Pacific Islander, percent, 2010 (a)Z0.20%Persons reporting two or more races, percent, 20101.70%2.90%Persons of Hispanic or Latino origin, percent, 2010 (b)1.50%16.30%White persons not Hispanic, percent, 201094.30%63.70% The US Census has revealed its results from the 2010 census, which shows that Vermont has a population of 626,431, of which 95.3 percent are white (Asian is second at 1.3 percent), there are more women than men, and there are 2.34 persons per household. Compared to the rest of tthe nation, Vermont is older; has a much smaller percent of non-whites; is of about the average income, but with a lower poverty rate; homeownership and home prices are higher, even though fewer people live there; has a higher high school and college graduation rate; retail sales per capita in Vermont is a lot higher than the US average; Vermont is more rural, yet people have a shorter commute to work. VermontWant more? Browse data sets for VermontPeople QuickFactsVermontUSAPopulation, 2011 estimate626,431311,591,917Population, 2010625,741308,745,538Population, percent change, 2000 to 20102.80%9.70%Population, 2000608,827281,421,906Persons under 5 years, percent, 20105.10%6.50%Persons under 18 years, percent, 201020.70%24.00%Persons 65 years and over, percent, 201014.60%13.00%Female persons, percent, 201050.70%50.80% Population estimates for counties will be available in April, 2012 and for cities in June, 2012.(a) Includes persons reporting only one race.(b) Hispanics may be of any race, so also are included in applicable race categories. D: Suppressed to avoid disclosure of confidential information F: Fewer than 100 firms FN: Footnote on this item for this area in place of data NA: Not available S: Suppressed; does not meet publication standards X: Not applicable Z: Value greater than zero but less than half unit of measure shown US Census Bureau
Opened a satellite campus in Colchester, Vermont in fall 2009. The campus is now home to nearly 270 students and remains the only pharmacy program in the state. It will graduate its first class of students on May 19, 2013. Increased enrollment from less than 600 students in 1998 to more than 1,700 students today. Expanded the Albany Campus from one building to eight buildings and from two acres to more than 25 acres. New buildings and enhancements on the Albany Campus included the construction of a Student Center in 2006 (the College’s first newly constructed building in 80 years), an $11 million library expansion, the development of three residence halls, acquisition of the former Bender Laboratories building for academic research, and the fall 2012 opening of a new athletics field and track. Initiated community service programs such as the ACPHS Academy (a mentoring program to engage elementary schoolchildren in the sciences and math) and the Summer High School Enrichment Program (a program that provides local high school students with hands-on research opportunities and exposure to career options in pharmacy and related scientific fields). Albany College of Pharmacy and Health Sciences – Vermont Campus,Albany College of Pharmacy and Health Sciences President James J Gozzo announced today that he will be stepping down as president of the College effective June 30, 2014. The college is based in Albany, NY, and operates a campus in Colchester.”This was a most difficult decision, but I have confidence that it is the right one, both for me and my family. It was made knowing that the College is in a strong position — both academically and fiscally — and I have no doubt that the faculty, staff, and administrators in place will ensure that ACPHS continues to be the great institution that it is,” said President Gozzo. “I expect to remain fully active during the next year as we collectively work towards the full implementation of our strategic plan.””During the past 15 years, Jim has led ACPHS through a period of unprecedented growth, executing a vision for the institution that few thought was achievable. From the expansion of academic programs to the growth of the physical campus to the development of a burgeoning research program, Jim has transformed the College into a modern, forward looking institution. For those reasons and more, the Board was saddened to learn of his decision,” said Herbert Chorbajian, Chair of the ACPHS Board of Trustees. “We will soon begin a national search for his replacement.”Dr. Gozzo was hired as the seventh president of the College on July 1, 1998, and currently ranks as the longest serving President among colleges and universities in the Capital Region. Below are some of the College’s many achievements during his tenure as President: Grew the College’s endowment from $8 million to more than $20 million.About Albany College of Pharmacy and Health SciencesFounded in 1881, Albany College of Pharmacy and Health Sciences is a private, independent institution committed to graduating the best health care minds in the world. In addition to its doctor of pharmacy program, ACPHS offers five bachelor’s programs and five graduate programs in the health sciences. The College’s main campus is located in Albany, New York; its satellite campus is in Colchester, Vermont. For more information, please visit www.acphs.edu(link is external). Added five bachelor’s programs and five graduate programs around the school’s core Doctor of Pharmacy program. Launched the College’s first-ever Capital Campaign in 1999 with a goal of raising $10 million (the campaign closed in October 2006 after raising $18 million). The College is currently in the midst of a $50 million Capital Campaign. Established the Pharmaceutical Research Institute (PRI) in 2003 and subsequent addition of the Center for Nanopharmaceuticals (made possible through a $2 million grant from New York State).
The majority of states are failing miserably when it comes to enacting laws that enable regular citizens to fight corruption by attending public meetings, reviewing government documents and raising questions without fear of retribution, according to a national study released today by the Better Government Association, a Chicago-based non-partisan watchdog organization. Vermont ranked near the bottom at 43.The Integrity Index, a comprehensive report issued by the Better Government Association (BGA) and sponsored by Alper Services LLC, analyzes laws from all 50 states in four key categories: Open Meetings, Freedom of Information, Whistleblower Protection and Conflict of Interest.”The Integrity Index measures the level of commitment each state has made’or, more often, hasn’t made’to the enactment of laws that helps citizens access their government and its documents, and hold elected officials accountable, which is the framework of integrity and the first step in combating political corruption,” said Andy Shaw, President and CEO of the BGA. “Our findings show that current laws in most states are woefully inadequate, locking citizens out or forcing them to jump through unnecessary hoops as they attempt to exercise their fundamental democratic right to keep an eye on government.”Overall FindingsIn measuring ethics laws and government conduct in all 50 states, the Integrity Index determined the overall national average is an unacceptable 55 percent, with all states receiving scores categorized as mediocre or poor and not a single state cracking 70 percent. The low marks suggest the states are vastly underperforming at enacting tough transparency, accessibility and accountability laws, and much more needs to be done to inspire public trust and confidence.The report notes that several of the states receiving high marks’particularly Rhode Island, New Jersey,Illinois and Louisiana’aren’t commonly viewed as paragons of good government. Those states likely rank higher today because years of corruption and embarrassing scandals led to the adoption of stricter safeguards and more comprehensive sunshine laws. The BGA report also cautions not to assume that just because tougher laws are on the books, public officials are following them or states are enforcing them.By contrast, many of the states with the weakest overall laws have not experienced widespread abuse and have steered clear of high-visibility scandals, so they may have not been prompted to enact stricter ethics measures and wide-sweeping reforms.Final Integrity Index RankingsTop 10 StatesBottom 10 StatesStateRankTotal ScoreStateRankTotal ScoreRhode Island169.77%Montana5028.06%New Jersey269.18%Wyoming4936.46%Illinois368.49%Michigan4839.07%Nebraska468.14%South Dakota4739.82%California567.29%Idaho4643.46%Louisiana664.86%Alabama4543.93%Texas764.71%Tennessee4447.05%Washington862.73%Vermont4347.39%Kentucky962.20%South Carolina4247.96%Arkansas1060.99%Delaware4149.13%For more information about the Integrity Index and to find out where your state ranked in each category, visit www.bettergov.org(link is external).About the Better Government AssociationThe BGA works for integrity, transparency and accountability in government by exposing corruption and inefficiency; identifying and advocating effective public policy; and engaging and mobilizing the electorate to achieve authentic and responsible reform.About Alper Services, LLC Alper Services provides a full range of business, financial and insurance services, cost reduction consulting, claim management services, brokerage and other services to meet its clients’ diverse needs around the world.SOURCE CHICAGO, July 16, 2013 /PRNewswire/ — Better Government Association
Nearly 200 health care professionals from around the state gathered in Manchester to share their communities’ approaches to providing Vermonters with high-quality, patient-centered health care. ‘With all the state and federal policy changes underway, health care providers remain focused on why we are so deeply engaged in this work ‘ to create lasting improvements in patient care and community health,’ says Bea Grause, President and CEO of the Vermont Association of Hospitals and Health Systems (VAHHS). The meeting provided an opportunity for participants to learn about colleagues’ experiences with new approaches to clinical care, finance and governance issues. The meeting’s centerpiece was a ‘town hall’ session in which participants shared ideas and strategies health care providers are employing to ensure Vermonters receive high-quality health care. The session also focused on giving patients and families a voice in their care. ‘Patients want authentic engagement in care choices,’ says Ben Chu, Board Chair of the American Hospital Association. ‘It’s exciting to learn about the efforts underway in Vermont that will engage patients in a way that educates them about their options and respects their needs and values.’ The VAHHS Annual Meeting took place during a time of rapid and significant changes. Hospitals and other providers around the state are developing OneCare Vermont, a provider network established to eliminate unnecessary care, use resources wisely and engage patients in their health and wellness. In October, many individuals and small businesses will begin purchasing health insurance through Vermont Health Connect, the state’s new online health insurance marketplace. The state is also beginning work on a federally-funded State Innovation Model (SIM) project to test new health care delivery and payment models. ‘Vermont continues to lead on health care reform,’ says Raymond Hurd, Regional Administrator for the Centers for Medicare & Medicaid Services (CMS). ‘We are excited that Vermont is using an innovation model as another way to improve quality of care and patient experience while lowering the cost of health care for its citizens.’ The Vermont Association of Hospitals and Health Systems is working to create a financially sustainable, high quality, health care system accessible and affordable for all Vermonters. For more information about our work, visit www.vahhs.org(link is external).
AmeriGas Propane, LP, America’s largest propane retailer, has agreed to pay $254,986 to Vermont consumers, $190,000 to LIHEAP — the Low Income Home Energy Assistance Program — and $100,000 in civil penalties to the State of Vermont, to settle claims that the company violated Vermont consumer protection laws. The Attorney General found that for many Vermonters, AmeriGas delayed in removing propane storage tanks or issuing refund checks after consumers terminated propane service, and charged a fee for reading propane meters without proper disclosure.‘Starting December 2010, my Consumer Assistance Program received over 100 propane complaints,’ said Attorney General William Sorrell. ‘As a result, we successfully lobbied the Legislature to amend our propane laws to better protect consumers and promote fair competition. Unfortunately, AmeriGas failed to pay close attention. Vermonters were harmed, and now AmeriGas will compensate consumers and the State of Vermont.’Current Vermont law requires companies to remove propane tanks within 20 days of a customer’s request to terminate service (or from the disconnection date), and to issue refund checks within 20 days of disconnection. Statutory penalties apply for delays beyond the allowable timeframes.AmeriGas identified 169 consumers who, between January 1, 2010, and June 30, 2013, experienced delays in propane disconnection, whether in removing the tank or providing a refund. This group of consumers will receive an average of $500 for tank delays, and in excess of $1,000 for refunds. Another 817 consumers may have experienced either a tank or refund delay, and will receive either $50 or $125, respectively. Both groups of consumers will receive a payment and explanatory letter.Sorrell added, ‘If you receive an envelope from the Attorney General in late November or December, open it. If it’s about AmeriGas, it will include at least some money to help with winter heating or holiday expenses.’Attorney General Sorrell also noted that, ‘AmeriGas’s decision to stop charging the meter read fee is another good outcome. Clear and conspicuous explanation of fees is a bedrock principle of Vermont consumer protection laws.’Vermont Consumer Protection Rules prohibit the billing or collection of any charge that is not clearly and conspicuously disclosed through contract or writing at least 60 days prior to the charge. Between January 1, 2010, and February 29, 2012, AmeriGas collected meter read fees from over 800 consumers without proper disclosure. As of May 1, 2013, AmeriGas stopped charging any meter read fee in Vermont, and has refunded all customers who were charged a meter read fee.Regarding the money contributed to LIHEAP, Governor Shumlin said, ‘I appreciate the Attorney General’s efforts to protect a program with the sole mission of helping low-income Vermonters heat their homes in the winter. As the State continues to fight for every dollar for LIHEAP, this settlement not only provides money for the program, but sends a message that Vermont will not tolerate violations of our consumer protection laws.’AmeriGas released the following statement: ‘The Company and its employees take great pride in our service; it was unfortunate that some of our customers were inadequately informed of fees for meter reading, or, did not receive timely refunds for unused propane fuel after the disconnection of service,’ said Bob Young, Vice President of the Eastern Region of AmeriGas. ‘We are no longer charging meter read fees, have taken steps to ensure updated Fee Disclosure Forms are provided to our customers, tanks are picked up as required by CF-111 regulations and refunds are issued on a timely basis going forward.’ ‘AmeriGas values its customers and all of our employees are committed to providing safe and reliable propane service every day,’ Young said. ‘We look forward to the opportunity to build relationships with new clients and re-establish relationships with former clients.’ ‘We welcome the resolution of this matter so that we can continue with the important business of ensuring that our customers have the heating fuels they need, especially heading into the cold winter months.’Under the terms of the’ settlement, AmeriGas will now: record all dates and other information necessary to comply with timeframes for terminating propane service; make payments of $255,000 to almost 1,000 Vermont consumers to resolve any actual or potential delay in propane service termination for the time period January 1, 2010, through June 30, 2013; revise its Fee Disclosure Form to reflect that meter read fees are no longer charged in Vermont; and promptly review any future consumer complaints regarding propane service termination. Vermont’s LIHEAP program will also receive $190,000 from this settlement.Consumers who have questions about the settlement (or to file a complaint) may contact the Attorney General’s’ Consumer Assistance Program, by phone: (802) 656-3183 or 1-800-649-2424, by email at’ [email protected](link sends e-mail), or by mail to: Consumer Assistance Program, 146 University Place, Burlington, VT 05405.Vermont Attorney General, November 4, 2013
by Chris Graff Those who have written off Governor Peter Shumlin as too wounded to be effective are ignoring history and the power of a governor. As for the history lesson, consider Governor Deane C Davis: Polling showed in 1970 that the governor was one of the most unpopular politicians in the country. He was so weak that his own lieutenant governor challenged his re-election in the Republican primary. In-depth polling in 1970 showed that Vermonters thought that Davis was cold and impersonal, didn’t care about the average man and, most importantly, that he had lied to them.At the heart of the dispute was the 1968 campaign when Davis quite openly said he would support a sales tax for the state, but would only propose one as a “last resort.” After he was elected and appreciated the full extent of the state’s budget crisis, he ended up proposing a sales tax in his inaugural address – and that’s what touched off the anger and distrust.But Davis fought back in that 1970 campaign, won re-election and went on to be one of the state’s most revered governors.Sure, Peter Shumlin has been hit hard. But he is the governor and still retains the power to shape the state’s agenda in the coming two years. When he stands before the Legislature in January and delivers his inaugural and budget addresses he can count on most all of his priorities passing into law. That’s just the way it is.But another story comes to mind as well.In the 1994 Legislature the top priority of Governor Howard Dean, a doctor, was health care reform. The lawmakers and the administration had been paving the way to passage for two years. Two options had been presented to design a new health delivery system that would contain costs yet ensure access to health care for all.House Speaker Ralph Wright appointed a special health House committee to consider the measure in hopes of streamlining the process and promoting passage. The plan, though, was incredibly complex and the press had tremendous difficulties understanding the proposal, much less communicating to the public what was going on.At one point Dean said the new system would cost $37 million but others estimated the true cost would be more than $100 million and even then there was talk that healthcare costs would remain high for most families.By mid-March it was clear that the comprehensive bill would not pass the House. In his autobiography, All Politics is Personal, Speaker Wright recalls that he turned to Dean when it became evident the bill was mired in the House, hoping to develop a strategy for continuing the fight in the Senate.“What are we going to do?” Wright asked.“Nothing,” said Dean. “It’s dead.”Wright was incredulous. “That’s it. It’s dead? Two years of grinding and fighting, and it’s dead? Everything went out of my mind, as the only visual I had was the governor in a hospital room, pulling another sheet over a patient’s face, and turning back to look at the charts on the patient in the next bed.”Dean knew when to move on. The collapse of the major healthcare initiative did not deter him from continuing to work on the issue. Year after year he promoted and passed some incremental changes. By the end of his time as governor all those little changes added up to big successes.Shumlin needs to do the same: It is time to move on. Single payer health care reform may make perfect sense as a policy initiative, but it does not make sense as a political initiative – at this time.The landscape is too complicated. The financing is too overwhelming. The failures of Vermont Health Connect have raised legitimate questions about the ability of the state to implement such sweeping change. The dust-up over the remarks and attitude of MIT Professor Jonathan Gruber have further eroded the credibility of the endeavor.Like Dean, Shumlin would be best served by taking a step back from pushing single payer sooner and develop a plan to build support over the longer term. And to educate Vermonters about all of the change that is happening here – right now – in Vermont in health care delivery, health care technology and health care reform.Lost in all of the debate on how to finance a single payer health care system are the incredible successes of the Green Mountain Care Board to bend the cost curve. The board has made marked improvements in controlling hospital costs and refocusing the health care delivery system on wellness and outcomes. Vermonters need to understand what accountable care organizations are and how their creation is a huge step forward in a health care model for the future.Shumlin is impatient. But in politics timing is everything.And this is just not the time.Chris Graff, a former Vermont bureau chief of The Associated Press and host of VPT’s Vermont This Week, is now vice president for communications at National Life Group. He is author of, Dateline Vermont: Covering and uncovering the newsworthy stories that shaped a state – and influenced a nation.PHOTO: Governor Shumlin holds a press conference two days after the election. He and the Legislature must address a large budget shortfall, as tax revenues so far this fiscal year are disappointing, and wide concerns about the property tax and the impact and revenue sources for the governor’s single-payer health plan. VBM photo.RELATES STORIES:Personal Income Tax continues to struggle, $3.08 million off targetSingle payer financing likely to start with 8 percent payroll tax
Vermont Business Magazine Following up on previous guidance(link is external) provided to solar projects this past December, the Vermont Attorney General’s Office and Department of Public Service provided additional guidance(link is external) to all companies, including utilities, who market renewable energy projects in Vermont. “Today’s Guidance follows the earlier statement on solar energy projects and clarifies that all renewable energy projects must comply with the law and avoid deceptive marketing statements,” said Attorney General Sorrell. See Guidance below.The Guidance only applies to renewable energy projects in which the renewable energy certificates or credits (referred to as “RECs”) are sold to out-of-state entities. When the RECs are sold, only the purchaser of the RECs can claim the renewable attributes. The Guidance advises any marketer of renewable energy projects selling the RECs out-of-state to avoid public claims that state or imply that Vermonters are consuming renewable energy from those projects. The Guidance is based on the Federal Trade Commission’s established regulations and “green guides” prohibiting deceptive claims by renewable energy projects that sell RECs.Consumers or businesses may file a complaint(link is external) with the Attorney General’s Consumer Assistance Program regarding renewable energy deception, or contact [email protected](link sends e-mail) for more information.Vermont AG: Apr 13, 2016
Vermont Business Magazine Wholesale power markets in New England operated competitively last year, bringing lower average power prices that reflected the drop in the price of natural gas in 2015, according to the 2015 Annual Markets Report(link is external) issued yesterday by the Internal Market Monitor (IMM) of ISO New England Inc. ISO is the operator of the region’s bulk power system and wholesale electricity markets. Natural gas in recent years has also increased its market share in generation. The average real-time price of wholesale electric energy in 2015 fell by more than a third, or more than $22 per megawatt-hour (MWh), to $41.00/MWh as a result of natural gas prices that were 41% lower than their 2014 average. Vermont prices were in the middle range at $41.58, with Maine lowest and the Boston area highest. The prices of both natural gas and wholesale power were the lowest since 2012. The price of natural gas is a key factor in the price of wholesale power because the fuel generates 49% of the electricity produced in New England. The cost of fuel is the largest input into the cost of electricity production.“Natural gas prices fell last year with increased domestic production, above-average storage levels nationally, and mild weather that moderated demand for natural gas for heating and power generation for most of the year. Because of the moderate demand, there was sufficient space in the region’s natural gas pipeline infrastructure to deliver low-priced natural gas to the region’s generators. The New England markets were competitive in 2015, as demonstrated by the close linkage between natural gas and wholesale power prices,” said Jeffrey McDonald, ISO New England’s vice president of market monitoring. McDonald noted that this year’s report includes several new features, including an enhanced methodology to account for energy market costs, new metrics to measure market competitiveness, and many new tables and charts.The capacity mix is characterized by an aging and declining fleet of oil- and coal-fired generators, many of which were constructed during the 1960s and 1970s. Also, with the retirement of the Vermont Yankee nuclear station, older generators are increasingly being displaced by new technologies. Most new investments have been in new natural gas generators rather than in new or upgrades in coal or oil generators. In parallel, there has also been new investment in renewable generation such as wind and solar.Key findings of the 2015 Annual Markets Report:· Wholesale electricity market value: The total value of the region’s wholesale electricity markets, including electric energy, capacity, and ancillary services markets, as well as the cost of transmission, fell about 25%, from about $12.4 billion in 2014 to about $9.3 billion in 2015.o In the 2015 Annual Markets Report, the cost of the region’s high-voltage transmission network is included in the total wholesale market value for the first time. Excluding the $2 billion transmission cost, the total value of New England’s wholesale markets in 2015 was $7.3 billion, down from $10.6 billion in 2014.· Wholesale electric energy prices: The average real-time price for wholesale electric energy fell by 35%, or more than $22/MWh, from $63.32/MWh in 2014 to $41/MWh in 2015. Electric energy comprised $5.9 billion of the total market value in 2015, down 35% from the 2014 energy market value of $9.1 billion.· Fuel costs: The average price of natural gas fell 41% last year, from $7.99 per million British thermal units (MMBtu) in 2014 to $4.73/MMBtu in 2015.o During January, February, and March of 2015, natural gas averaged $11.36/MMBtu, consistent with price spikes that occurred in previous winters when the total regional gas demand stressed the region’s natural gas infrastructure. However, the 2015 first-quarter price was 43% lower than the 2014 first-quarter average of $20.04/MMBtu.o Natural-gas-fired power plants set the real-time price for power 75% of the time in 2015, up from 70% in 2014.· Consumption: At 126,833 gigawatt-hours (GWh), total electricity usage in New England was 0.3% lower in 2015 than in 2014, when 127,175 GWh was consumed.· Reliability commitments: Resources can receive payments, in addition to energy market revenues, to cover their costs if they are needed to help ensure the reliability of New England’s bulk power system. These additional payments fell by 32% to about $119 million in 2015, consistent with lower natural gas prices.· Ancillary services: Ancillary services ensure the reliable operation of the regional power system. Additional resources are maintained in reserve at all times so the system can recover from the unexpected loss of a resource. Some resources can provide regulation, or the ability to alter their output on a minute-to-minute basis to balance supply and demand and maintain system frequency. The cost of ancillary services fell by 39% to about $144 million as a consequence of lower fuel costs.· Capacity: The cost of capacity in 2015 rose by 5% to $1.1 billion. The report notes that natural-gas-fired generation represents about 78% of the new capacity clearing in the past eight auctions.· Demand resources: Participation in the capacity market by demand-side resources, which include both energy-efficiency measures and active demand-response resources, increased 15%, or 274 MW, to total 2,095 MW in December 2015. Payments to demand resources providing capacity totaled $85.2 million in 2015, down 5.7% from the $90.3 million paid in 2014.The ISO relies on two independent market monitors, one internal(link is external) and one external(link is external). The market monitors annually review and report on market results and offer insights into the markets’ efficiency and competitiveness, as well as the markets’ design and needed operational enhancements.The average absolute difference between the Hub annual average price and average load zone prices was $0.45/MWh in the day-ahead energy market and $0.58/MWh in the real-time energy market – a difference of approximately 1.0-1.5%. The Maine load zone had the lowest average prices in the region, while the NEMA-Boston load zone had the highest. This occurred in both the day-ahead and real-time energy markets. Maine’s prices averaged $1.09/MWh and $1.77/MWh lower than the Hub’s prices during the year for the day-ahead and real-time energy markets, respectively. NEMA-Boston’s average prices were slightly higher than the Hub’s prices, by $0.66/MWh and $0.59/MWh, respectively.The IMM reports directly to ISO New England’s Board of Directors, giving the market monitoring unit the independence needed to objectively perform its functions. The IMM submits the annual report simultaneously to the ISO and the Federal Energy Regulatory Commission, which is charged with ensuring that markets within its jurisdiction are free of design flaws and inappropriate market behavior.Holyoke, MA—May 26, 2016—ISO
Community College of Vermont,Vermont Business Magazine The Community College of Vermont (CCV) held its graduation ceremony Saturday at Norwich University’s Shapiro Field House. More than 550 students from across the state received associate degrees at the event. Students representing all 14 Vermont counties graduated along with students from 12 other states and 18 countries worldwide. The youngest graduate was 17 and the eldest was 66. Also among the graduates were 41 veterans and active duty military personnel.Spectrum Youth and Family Services Executive Director Mark Redmond and Governor Peter Shumlin addressed the Class of 2016. CCV President Joyce Judy officiated the event.Redmond, spoke about the importance of grit and perseverance in achieving one’s goals.“I can only imagine the challenges and difficulties some of you have overcome while in school: around transportation, around child care, around finances, finding the time to study while you are also working one or maybe even two jobs,” said Redmond. “Maybe your family wasn’t even supportive of you obtaining a college degree. But you did it. You didn’t give up. You got your college degree, and you know, very few people make it to the point you have.”LEFT, All smiles from CCV-Winooski graduates. ABOVE, A CCV-Montpelier graduate hugs her advisor after receiving her diploma. CCV photos.He also told the story of a young refugee whom he and his wife hosted when she first arrived in Vermont with her family from Kenya. She went on to graduate from CCV and is now an education student at the University of Vermont.“She surrounded herself with responsible people and listened to their advice,” he said. “She surrounded herself with people who were role models for her, who could help her and coach her and mentor her. She recognized her dignity and what she deserved in life.”CCV-Upper Valley student Ashley Andreas addressed the attendees as the student speaker. She spoke of her transformative experiences at CCV and the desire to create change in the world around her.“CCV is not only an academic center; it is a community where everyone is included and valued regardless of socioeconomic standing, family history, past experiences or learning styles,” said Andreas. “It is the diversity of students that makes us unique, that makes us better prepared to cope with the real world, and that teaches us tolerance.”Andreas passionately encouraged her fellow graduates to engage with their communities, citing public figures ranging from Florence Kelley to Bernie Sanders.“While our individual successes are valuable and something to be proud of, I believe we sell ourselves short if we don’t give back to our communities and empower every person we come in contact with,” she said. “I believe my impact on others defines who I am. I have always been inspired by people who put the greater good of others before their own personal gains.”In her speech to the graduates, President Judy spoke on the diverse backgrounds of the graduating class, and the experiences at CCV that united them.“While you come from different towns and diverse backgrounds, there are common qualities and beliefs all of our graduates possess,” said Judy. “You share the determination that has been required to overcome many challenges and complete your degrees. You share the belief that education is the foundation of success. You share the experience of waving away any last doubts and walking through the front doors of the Community College of Vermont on your first day of class.”Governor Peter Shumlin also addressed the graduates, congratulating them on their accomplishments.“I’m here just to say congratulations. You will be the best Vermonters, because you know how to fight, you know how to overcome obstacles, you know how to make it work, you know how to use your imagination and your courage and your determination and your incredible intellect to get where you are right now. And I see in front of me huge successes ahead in each and every one of you.”He also made a point of encouraging them to keep their talents in Vermont.“You have made it. Many of you [will] go farther and that’s great. But just this huge accomplishment is going to lift your life and I’m just going to beg you to do it here in Vermont. You know there are 50 governors in America, but this I’m convinced of. There is nothing better than the Green Mountain State, to live, to work, to raise a family.”Several individuals were recognized during the ceremony for both academic accomplishments and community service.Tom Stearns, founder of High Mowing Seeds, received a community service award for his work advocating for Vermont’s agricultural community and healthy food systems.CCV-Springfield faculty member Brad Houk received the faculty community service award for his dedication to inspiring students to become good citizens and active community members through innovative mapping.CCV-Rutland student Amy McClure and CCV-Winooski student Luke Fountain were awarded CCV alumni scholarships.CCV is Vermont’s second largest college, serving over 7,000 students each semester. With 12 locations and extensive online learning options, our students don’t have to travel far from their communities to access our degree and certificate programs, workforce, secondary and continuing education opportunities, and academic and veterans support services.Graduate procession from Kreitzberg Arena to Shapiro Field House
Vermont Business Magazine Martin Hahn, Executive Director of Community Capital of Vermont, announced in Community Capital’s newsletter today that he is leaving the micro business lender and will become the Housing Director at the Vermont Housing & Conservation Board next month.Martin Hahn. CCVT photo.”In case you haven’t heard, I am leaving Community Capital of Vermont to become the Housing Programs Director at the Vermont Housing & Conservation Board effective July 27,” Hahn wrote in the newsletter. “I have been honored to work for Community Capital with a great board, staff, borrowers, and network of supporters. Community Capital has begun its search for a new Executive Director – please pass this job great opportunity along to anyone who may be interested: http://www.communitycapitalvt.org/about-us/jobs-at-ccvt/(link is external). It has been a pleasure working with all of you!”Based in Barre, Community Capital of Vermont is a nonprofit community-based lending organization. Its mission is to help small businesses and lower income entrepreneurs prosper through the provision of flexible business financing. It was founded in 1995. Community Capital is a nonprofit 501(c)(3) organization. it is certified as (1) a Community Development Financial Institution (CDFI) by the US Department of Treasury, (2) a Nonprofit Community Development Organization by the State of Vermont, and (3) a Microloan Intermediary by the US Small Business Administration.The VHCB primarily offers grants for working lands programs and affordable housing in downtowns. Its stated goal is: “creating affordable housing for Vermonters, and conserving and protecting Vermont’s agricultural land, forestland, historic properties, important natural areas, and recreational lands (which) are of primary importance to the economic vitality and quality of life of the State.”Community Capital of Vermont Executive DirectorExceptional position opening for Executive Director of vibrant, growth oriented state-wide microenterprise and small business lender serving low and moderate income entrepreneurs.Reporting to a Board of Directors, the Executive Director is responsible for the day-to-day management of the organization and supporting the Board’s leadership on policy and long-term planning. Areas of responsibility include: oversight of our lending and business advisory programs; generation and expansion of revenue resources including fundraising; financial management; staff hiring, development and supervision; and marketing and outreach. A full description of the position and application process is available by following this link(link is external). Note that the deadline for applications is Friday July 15, 2016.