Vermont Electric Power Company

What Vermont Electric Power Company does

Vermont Electric Power Company, Inc. (VELCO) is a privately held, FERC-regulated transmission utility founded in 1956 and headquartered in Rutland, Vermont. VELCO serves as Vermont's designated grid operator, managing the safe, reliable, and cost-effective transmission of electric power across the state and into the integrated ISO-New England regional network. It operates through its wholly-owned subsidiary, Vermont Transco LLC, which owns Vermont's high-voltage electric transmission system, providing service to all 17 of Vermont's local distribution utilities as well as a small adjacent area of New Hampshire. The company's customer base spans investor-owned, municipal, and cooperative utilities including Green Mountain Power, Burlington Electric Department, Stowe Electric Department, Vermont Electric COOP, Washington Electric CO-OP, and the Vermont Public Power Supply Authority.

VELCO's technical footprint centers on high-voltage transmission system operations, real-time grid monitoring through its Vermont Load Today platform (which compares forecast to actual load at 15-minute intervals), 20-year transmission planning via the 2024 VT Long-Range Transmission Plan, and supporting land management services including drone-based inspection and vegetation management along transmission rights-of-way. The company also provides interconnection services for generators under ISO-NE's Schedule 22 and Schedule 23, and operates governance through an Operating Committee that includes VELCO, Vermont distribution utilities, and VPPSA. VELCO complies with NERC Reliability Standards (FAC-001) and FERC Order 890 standards of conduct, filing quarterly FERC Form 1 financial reports.

VELCO's revenue model is a regulated, formula-rate transmission tariff under the ISO-New England Open Access Transmission Tariff. The 2026 Local Network Service rate is $4.8568/kW-mo ($4.7424 LNS Rate + $0.1144 Schedule 1 Rate), with the Annual Transmission Revenue Requirement (ATRR) determined by the Settled Formula Rate under Attachment F. As a regulated monopoly, VELCO has no traditional sales motion; customer acquisition and rate recovery occur through FERC and ISO-NE regulatory frameworks and long-term service agreements. The company filed $1,012,316 in U.S. Department of Energy Office of Electricity funding in July 2024, and was awarded Great Place To Work Certification in 2026.

Name

Vermont Electric Power Company

Legal name

Vermont Electric Power Company Inc.

Website

https://velco.com

Company type

Private

Founded year

1956

Operating status

Operating

Headcount range

101–250 employees

Short description

Vermont Electric Power Company (VELCO) is a FERC-regulated, privately held transmission utility that owns and operates Vermont's high-voltage electric grid through subsidiary Vermont Transco LLC, serving all 17 of the state's local distribution utilities as part of the ISO-New England regional network.

Ownership category

akta.pro rank

Product category

Electric Transmission Services

NAICS

Electric Power Transmission, Control, and Distribution (22112), Electric Bulk Power Transmission and Control (221121), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

HV Transmission Asset Owners (Transmission Companies/Transcos) (EUADAAAC)

akta.pro secondary industries

System Operations & Control Centers (EMS/SCADA for Transmission) (EUADAAAG), Network Operations, Monitoring & Management (NOC, OSS/NMS, Performance & Fault Mgmt) (EUADAIAI)

Keywords

• Electric transmission services
• High-voltage grid operations
• Utility transmission planning
• Power grid reliability
• FERC-regulated transmission

Headquarters

HQ city

Rutland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Transmission Service Revenue: VELCO generates revenue through regulated transmission services under the ISO-New England Open Access Transmission Tariff (OATT). Revenue is derived from Schedule 21-VTransco (Local Service), Schedule 22 (Large Generator Interconnection), and Schedule 23 (Small Generator Interconnection) services. The Annual Transmission Revenue Requirement (ATRR) for Local Service is determined in accordance with the Settled Formula Rate under Attachment F of the ISO-NE OATT.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

VELCO operates as Vermont's grid operator, managing the safe, reliable, cost-effective transmission of electric power throughout Vermont and as part of the integrated New England regional network. The company owns and operates the Vermont Transco LLC high-voltage electric transmission system, serving 17 local distribution utilities across Vermont and a small area of New Hampshire, with operations governed by FERC-regulated tariffs under the ISO-New England Open Access Transmission Tariff.

Product overview

VELCO operates as Vermont's grid operator managing the Vermont Transco LLC high-voltage transmission system. The company offers a portfolio of interconnected services centered on transmission management, grid planning, and system operations. Core offerings include the Vermont Transco transmission system ownership and operations, real-time load monitoring via Vermont Load Today, and long-range transmission planning. Supporting services include vegetation management, drone-based inspections, interconnection services for generators, and governance through the Operating Committee. The company works integrally with Vermont's 17 local distribution utilities and ISO-New England to ensure reliable electricity delivery throughout Vermont and parts of New Hampshire.

Differentiator

Problem solved

Functional benefit

Products and services

• Vermont Transco LLC Transmission System

Named customers7 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• ISO-New EnglandcoreStrategic or Co-development PartnerISO-New England is the Regional Transmission Organization (RTO) for New England. VELCO operates as a transmission owner/operator within the ISO-NE RTO, following ISO-NE's transmission, Markets & Services Tariff for interconnection processes, planning study requirements, and facility connection requirements.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Central Maine Power: Avangrid-owned transmission and distribution utility serving Maine. Highly comparable to VELCO as a New England state-level transmission owner operating under the ISO-NE OATT with similar FERC-regulated formula-rate economics and regional grid integration.
• ITC Holdings: Pure-play independent transmission owner operating in multiple US regions under FERC-regulated formula rates. Closest business-model analogue to VELCO as a transmission-only utility with formula-rate revenue and FERC oversight.
• NextEra Energy Transmission: Subsidiary of NextEra Energy focused on developing, owning, and operating transmission assets across multiple US regions. Comparable as a transmission-focused entity with FERC-regulated returns and capital-driven growth strategy.
• LS Power: Private infrastructure investor and developer with a significant transmission business. Comparable private-company transmission operator with FERC-regulated assets and project development pipeline, similar ownership profile to VELCO.

Broad incumbents

• Eversource Energy: Large multi-state transmission and distribution utility across Massachusetts, Connecticut, and New Hampshire. Operates within ISO-NE with substantial high-voltage transmission assets, providing a broader-incumbent comparison for VELCO's regional transmission model.
• National Grid (New England): UK-headquartered utility with major transmission operations in Massachusetts and Rhode Island within the ISO-NE footprint. Comparable as a fellow ISO-NE transmission owner but with materially larger scale and broader service territory than VELCO.
• Duke Energy: Major US investor-owned utility with substantial high-voltage transmission operations across multiple states. Comparable as a regulated transmission owner but operating at much greater scale and integrated with generation/distribution.

Regional players

• New York Power Authority: State-owned public power authority operating high-voltage transmission in New York. Comparable state-level transmission mandate and non-profit/governmental ownership structure, though operating in the adjacent NYISO rather than ISO-NE.
• Hydro-Québec: Canadian provincial utility with high-voltage transmission interconnecting into the New England grid. Comparable transmission system operator in the broader Northeast region but not directly competing in Vermont; relevant as an interconnection partner and supply source.

Others

• ISO New England: Regional Transmission Organization that operates the bulk power grid across New England. Comparable ecosystem participant as VELCO's RTO partner; sets the OATT under which VELCO operates and conducts regional planning and markets.

Market position

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/VELCOvt
• LinkedInlinkedin.com/company/velco
• Instagraminstagram.com/velcovt
• Xx.com/VelcoVT

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vermont Electric Power Company