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Vt. gov likes new offer for electric utility

WCAX - 9:51 am Thu Jun 30th, 2011

Vermont Gov. Peter Shumlin says he thinks an unsolicited offer to buy the state's largest electric utility by a Canadian company is the better deal than the other offer that's on the table.

At the end of May, the Central Vermont Public Service Corp. announced that it had reached a deal to be sold to the Canadian utility Fortis Corp. for $35.10 a share.

Then last week another large Canadian utility, Gaz Metro, made an

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