The Vermont Public Power Supply Authority (“VPPSA”) is a private authority of the State of Vermont empowered under 30 VSA, Chapter 84 with broad authority to contract to buy and sell wholesale power within Vermont and wholesale and retail power outside Vermont, as well as to issue tax-free debt on behalf of municipal and cooperative electric utilities within Vermont. VPPSA has the latitude to provide such services as may be required in support of the activities of its member municipal utilities and to market its services to non-member utilities as is deemed appropriate.

VPPSA has been a member of the New England Power Pool for over 20 years and has been active in the New England power market for that entire period of time. VPPSA currently operates a central “dispatch pool” for its members and other interested parties as aggregated loads within that pool. VPPSA currently provides power transactions for approximately 120 MW of load annually.