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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 position in Vermont with its nearly 2,200 manufacturing jobs, while also helping to protect all other GMP customers from rising costs. The plan is subject to regulatory review and approval.

State of vermontUnited statesLisa ventrissMari mcclurePradip singhPublic utility commissionVermont electric power companyVermont public utility commissionPlan designedProtect manufacturing jobsProvide greater certaintyBusiness magazine green mountain powerVermont businessநிலை ஆஃப் வெர்மான்ட்ஒன்றுபட்டது மாநிலங்களில்மாரி ம்க்க்லூர்