Green Mountain Power Engages Deloitte & Touche LLP

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Green Mountain Power Engages Deloitte & Touche LLP

Wed, 07/17/2002 - 8:00pm -- tim

Green Mountain Power Corporation (NYSE: GMP)announced that effective immediately it has engaged Deloitte & Touche LLP as its independent auditor for the fiscal year ending December 31, 2002, replacing Arthur Andersen LLP.
The decision to engage Deloitte & Touche was made after careful consideration by the Green Mountain Power Corporation Board of Directors and senior management. The decision was not the result of any disagreement between Green Mountain Power and Arthur Andersen on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.
"Arthur Andersen's current difficulties and uncertain future convinced Green Mountain Power that this change was in the best interest of the Company’s customers and shareholders," said Stephen C. Terry, Senior Vice President of Corporate and Legal Affairs. "We look forward to working with Deloitte & Touche in its new role as our independent auditor," Mr. Terry added.