GMP supports GlobalFoundries to become own private utility in 2023
Plan Designed to Protect Manufacturing Jobs in Vermont and Provide Greater Certainty to GMP Customers and GlobalFoundries Vermont Business Magazine Green Mountain Power (GMP) today announced an agreement with GlobalFoundries (GF) to support its petition to the Public Utility Commission to become a self-managed utility at its Essex manufacturing site starting in 2023. If approved, GF would directly manage its own transmission connections, distribution system, and power supply costs according to its own goals, needs and operational standards. The agreement is aimed at strengthening GF’s po...