VLITE designates three independent directors to serve on the VELCO board
The Vermont Low Income Trust for Electricity, Inc (VLITE) today announced it has designated three independent directors to serve on the Board of Directors of Vermont Electric Power Company, Inc (VELCO). VLITE is a nonprofit public benefit corporation, formed as a part of the GMP-CVPS merger, to hold and exercise an ownership interest in VELCO. One of VLITE’s responsibilities is to designate three independent directors to VELCO’s Board of Directors.
The three nominees, Theresa Alberghini DiPalma of Burlington, Michael Dworkin of Montpelier, and Cort Richardson of East Montpelier, will bring a considerable amount of experience in a broad range of technical, governance, and public interest areas to their service on the VELCO Board. VLITE’s president, Dick Marron, a former legislator and business owner in Stowe, said: “We took seriously our mission to serve the public interest by choosing three VELCO Board members who are among the “best and the brightest” in Vermont, as the Vermont Public Service Board ordered when it approved the merger and our role as shareholders of VELCO. Theresa, Michael, and Cort will add their new and valuable perspectives to a Board that has served as excellent stewards of VELCO’s critical mission.”
Theresa Alberghini DiPalma is currently serving as Senior Vice President for Marketing and External Relations at Fletcher Allen Health Care. Her career has been in government and the non-profit sector, focused on health care policy, regulation and management. She spent ten years in Washington, working for U.S. Senator Patrick Leahy, before returning to Vermont to serve in Governor Howard Dean’s administration. For the past twelve years, Alberghini DiPalma has worked at Vermont’s academic medical center, serving first at the University of Vermont College of Medicine before joining Fletcher Allen. She is involved in numerous state and local activities and serves on several boards. She currently chairs the board of the United Way of Chittenden County.
Michael Dworkin has been a utility regulator, an appellate litigator, and management partner in a telecommunications engineering firm. He is currently Professor of Law and Director of the Institute for Energy and the Environment at Vermont Law School. He also serves on the Board of the Vermont Energy Investment Corporation, which manages Efficiency Vermont. In the past he has been Chairman of the Vermont Public Service Board, a board member of the Electric Power Research Institute and of the American Council for an Energy Efficient Economy, and is a recipient of NARUC’s Kilmarx Award for “contributions to clean energy, good government and the environment.”
Cort Richardson works for The Council of State Governments in Montpelier, Vermont, as the Director of the Northeast High-Level Radioactive Waste Transportation Project. Richardson formerly served as the executive director of the Vermont Public Interest Research Group (VPIRG), as a state energy policy analyst, and as a Washington Electric Cooperative Trustee. During the 1980’s Richardson was appointed by Governor Madeleine Kunin to state commissions working on low-level radioactive waste, underground storage tanks and solid waste policies and by the Vermont Public Service Board in the 1990s to represent residential customers in their investigation of utility restructuring and on the Efficiency Vermont advisory committee. He has also served as a consultant and expert witness representing state agencies, intervener groups, municipal utilities, and electric cooperatives in regulatory proceedings concerning energy efficiency and renewable energy resource programs and policies. Richardson is an active member of various community organizations and non-profit boards.
The Vermont Low Income Trust for Electricity, Inc. (VLITE) is a Vermont nonprofit public benefit corporation which holds a 38% share of VELCO, pursuant to the Vermont Public Service Board’s order approving the CVPS-GMP merger in June 2012. VLITE is charged with selecting three independent VELCO Board members, and with investing dividends from its ownership of VELCO in initiatives that advance the state’s energy policy goals.