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Christopher Dutton

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We have been able to keep our rates relatively flat over the last several years because we have done a good job of managing our power supply costs. Our low-cost power contracts with Vermont Yankee, Hydro Quebec and Morgan Stanley have brought significant value to our customers. However, as the Morgan Stanley contract expires at the end of this year, we are forced to replace it in a significantly higher cost marketplace.

While we know any increase in rates is difficult for our customers, we believe we have been able to keep our request comparatively low through our aggressive power supply management and efficient operations.

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