Table of Contents

1.     Introduction

1.1            Statement from CEO

1.2            Introduction.

1.3            Focus on Materiality.

1.3.1          Top Three Material Issues.

1.3.1.1       Climate Change Risk.

1.3.1.2       Power and Other Contracts.

1.3.1.3       Merger with Gaz Métro.

1.4            Sustainability Highlights and Recent Awards.

1.4.1          Environmental

1.4.2          Social

1.5            Key Performance Metrics

2.     GRI Summary

2.1            Report Scope and Boundaries.

2.2            Report Content

2.3            How This Year's Report is Different

2.4            Stakeholder Engagement

2.4.1          Process.

2.4.2          Results

2.4.2.1       Environmental Footprint of Operations

2.4.2.2       Types of Power Generation

2.4.2.3       Customers and Community

2.4.2.4       Employee Benefits

2.4.2.5       Gaz Métro Merger

2.4.3          Report Audience

2.5            Assurance

3.     Overview of Green Mountain Power

3.1            Green Mountain Power History

3.2            Green Mountain Power’s Vision

3.2.1          Organizational Changes at Green Mountain Power in 2006

3.3            Financials

3.3.1          Corporate Governance

3.3.2          Membership in Organizations

3.4            Indirect Economic Impacts — Reliable, Affordable Power

3.4.1          Reliability and Retail Sales Stats

4.     Our Sustainability Strategy

4.1            Environmental Commitment Statement

4.2            Sustainability Strategy

4.3            Materiality

4.3.1          Top 10 Material Issues

4.4            Challenges

5.     Identifying and Reducing Our Environmental Footprint

5.1            Our Power Profile and Its Impacts

5.1.1          Generation Facilities

5.1.2          Power Mix

5.1.3          Renewable Energy Credit Sales

5.2            Hydro

5.3            Wind

5.4            Wood/Biomass

5.5            Nuclear Power

5.5.1          Overall Footprint of Nuclear Power

5.5.2          Safety at Vermont Yankee

5.5.3          Waste from Vermont Yankee

5.5.4          Green Mountain Power’s Position on Nuclear Power

5.6            Fossil Fuels

5.7            Air Emissions and Climate Change

5.7.1          Our Air Emissions

5.7.2          Disclosure of Climate Change Risk

5.7.3          Programs to Reduce Climate Change Risk

5.7.4          Chicago Climate Exchange (CCX)

5.7.5          Regional Greenhouse Gas Initiative (RGGI)

5.7.6          Commitment to Renewable Energy

5.8            T&D System Upgrades and Impacts

5.8.1          Northwest Reliability Project

5.8.2          Sulfur Hexafluoride (SF6)

5.8.3          Electromagnetic Radiation

5.8.4          PCBs

5.8.5          Impacts on Native Ecosystems and Species

5.8.6          Biodiversity-Rich Habitats

6.     Impacts from Infrastructure and Operations

6.1            Energy Use and Energy Efficiency

6.2            Water Use

6.3            Impacts from Transportation

6.3.1          Fuel Efficiency

6.3.2          Emissions Reductions

6.3.3          Vehicle Performance and Service Life

6.3.4          Airline Travel

6.4            Raw Material Usage

6.4.1          Use of Recycled Materials

6.4.2          Street Light Initiative

6.4.3          Fuel Use

6.5            Purchasing Policy

6.6            Impacts from Wastes and Releases

6.6.1          Solid Waste and Chemical Waste

6.6.2          Recycling

6.6.3          Berlin Landfarm

6.6.4          2006 Releases

6.6.5          Pine Street Barge Canal

6.7            Sidebar: “Go Forth and Compost”

7.     Our employees have spoken: Green Mountain Power is a great place to work.

7.1            Work Environment

7.1.1          Our Philosophy and Code of Ethics

7.2            Employee Benefits

7.3            Our Commitment to Professional Growth and Training

7.4            Next Generation University (Green Mountain Power U)

7.5            Human Rights

7.5.1          Restructuring

7.5.2          Human Rights

7.6            Employee Reaction to Gaz Métro Merger

7.7            Workplace Diversity and Equal Opportunity

7.8            Employee Health & Safety

7.8.1          Executive Safety Committee

7.8.2          Employee Health and Wellness Programs

7.8.3          Promoting Healthy Lifestyles

7.8.3.1       Work-Related Injuries and Illnesses

7.8.4          Formal Commitment to Health & Safety through “SHARP”

8.     Giving Back to Vermont through Reliability and Social Responsibility

8.1            History of Serving and Listening to Our Customers

8.2            Commitment to Reliability (through Technology)

8.3            We Listen to Our Customers

8.3.1          Customer Reaction to Gaz Métro Merger

8.4            Local Energy Forums

8.5            Giving Back to Communities

8.5.1          Supporting Communities and Local Environmental Research

8.5.2          Assisting Limited-Income Customers

8.5.3          Third Annual Community Energy Fair

8.5.4          Wind Tours

8.6            Corporate Giving

8.6.1          Ralph Nading Hill Writing Contest

8.7            Product Responsibility

8.7.1          Renewable Energy Product Information

8.7.2          Safety and Environmental Tips


LIST OF FIGURES

Figure 1-1: Performance and Targets

Figure 3-1: MWH Generation 2004-2006.

Figure 3-2:  Green Mountain Power’s Transmission & Distribution (T&D) System

Figure 3-3: Green Mountain Power Service Area.

Figure 3-4:  Retail Sales and Lease Transmissions, in MWH

Figure 3-5: Earnings per Share and Dividends Paid

Figure 3-6: Debt and Equity

Figure 3-7: System Average Interruption Frequency Index (SAIFI) and Customer Average Interruption Duration Index (CAIDI)

Figure 3-7: Average Residential Rates of New England Large Investor-owned Utilities

Figure 5-2: Wood Usage in Power Production (2004-2006)

Figure 5-3: Trend of CO2 Emissions (2004-2006) – Includes Purchased Power

Figure 5-4: Air Emissions (2004-2006)

Figure 6-1: Electricity Use 2000-2006

Figure 6-2: Green Mountain Power Total Water Use (2004-2006)

Figure 6-5:  Gasoline Fleet Miles & Efficiency Trends

Figure 6-6:  Diesel Fleet Miles & Efficiency Trends

Figure 6-7:  Transportation Fuel Use

Figure 6-3: Hazardous Waste Generation (2004-2006)

Figure 6-4: Scrap Wire Generation 2006

Figure 6-5: Scrap Metal Generation 2006


LIST OF TABLES

Table 3-1: Our Customers

Table 3-2: Financial Data

Table 3-3: Service Quality Performance Index

Table 5-1: Power Mix: 2004-2006

Table 5-2:  Fossil-Fueled Power Sources

Table 5-3: 2006 Wholesale Power Profile

Table 5-5: Impacts of Power on Habitats and Wildlife

Table 6-1: KWH Usage by Location

Table 6-2: Green Mountain Power Water Use by Location

Table 6-4:  Biodiesel Use and Emissions Avoided

Table 6-3: Raw Material Usage 2005-2006

Table 6-4: Propane/Natural Gas Use in 2006 (by Location)

Table 6-5: Trended Waste Data for 2005-2006

Table 6-6: Recycling Methods

Table 6-7: Spills 2006

Table 7-1: Employee Summary

Table 7-2: Recruitment Areas

Table 7-3:  Green Mountain Power’s Workforce

Table 7-4: OSHA Injuries and Illnesses (2004-2006)

Table 8-1: 2006 Corporate Contributions


Phone Number
Pin Or Account