Vermont Electric Power Co Inc

VELCO manages the safe, reliable, cost-effective transmission of electrical energy throughout Vermont. Our goal is to provide an optimal system of electric transmission facilities as part of an integrated regional network designed to meet both current and future energy needs.

Our vision

VELCO's vision is to serve as a trusted partner in all we do.

Our values

VELCO values people, safety, creativity and great work.

To live our values we…

• Treat everyone with respect.
• Act with care.
• Empower people.
• Expect the best from everyone.

Corporate and Leadership Information

VELCO is owned by the Vermont electric distribution utilities (73%) and the Vermont Low Income Trust for Electricity or VLITE (27%). Three separate corporate entities comprise VELCO: Vermont Electric Power Company, Inc., or VELCO, Vermont Transco LLC, and Vermont Electric Transmission Company, Inc., or VETCO. The companies are collectively referred to as VELCO

History

The creation of VELCO’s first transmission lines was an efficient solution for moving newly available St. Lawrence power into Vermont. In response to rising demand for services and the oil embargo of the early 1970s, VELCO's role grew to include acting on behalf of Vermont's utilities as the agent for out-of-state power contracts. Assuming this responsibility saved money and substantially increased reliability through newly interconnected operations. Later, VELCO was specifically tasked to serve as representative for Vermont's combined utilities at what was the precursor to today's ISO-New England, where VELCO gave Vermont’s utilities a strong unified voice. VELCO's construction of the Highgate Converter made interconnected operations with Hydro-Québec possible and so played a role in securing the HQ power contract.

The initial 224-mile 115 kV VELCO system was placed in service in September 1958. Since that time, VELCO has expanded its facilities and services as required by law, the needs of its participants and the development of the industry. Currently, it manages a transmission system consisting of 738 miles of transmission lines* from 115 kV to 450 kV direct current, 55 substations, a 200 MW back-to-back high-voltage direct current converter** and over 13,000 acres of rights-of-way. To monitor and control this system VELCO uses extensive fiber optic communication networks.