Central Vermont Public Service Books 4Q Loss
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"Restoring service after the ice storm cost the company more than $5 million," he noted.
For the full fiscal year, Central Vermont's profit gained 4 percent to $16 million, or $1.52 per share, from $15.4 million, or $1.49 per share, in 2007. Revenue rose 4 percent to $342.2 million from $329.1 million. The company said resale revenue grew on higher average prices and an increase in excess power available for resale. Retail revenue increased due to higher average unit prices. Central Vermont shares gained 11 cents to close at $18.68 Friday.- Loading Comments...
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