VEPPIVermont Electric Power Producers Inc.
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With the proceeds from the Administrative Securitization, VEPPI will be able to finance the buy-down of each of the contracts to much lower rates, with the savings being passed directly to Vermont ratepayers.
Prudential Securities also assisted VEPPI in obtaining tax-exempt status, which may enable the securitization financing to be done on a tax-exempt basis.
VEPPI is the authorized purchasing agent for all independent power projects in the state of Vermont.