Central Vermont Public Services Rate Case


Synapse prepared testimony that addressed the proposed allowed return on equity (ROE) and rate of amortization for Central Vermont Public Service Corporation (CVPS). Synapse determined the appropriate ROE for CVPS by using the discounted cash flow (DCF) and CAPM models. The Company originally requested a 5.0 percent rate increase, although it later reduced its requested increase to 2.9 percent. In the end, the Board accepted Synapse’s ROE recommendation in full. As a result Vermont customers’ rates were reduced by approximately 1.88 percent commencing April 1, 2005. Project completed in April 2005.

Completed April 2005