investment corporation type non profit founded 1986 chittenden county vermont founder beth sachs blair hamilton headquarters chittenden county vermont key people beth sachs website http www.veic.org index.cfm vermont energy investment corporation or veic is a non profit organization in chittenden county vermont that seeks to reduce the economic and environmental costs of energy consumption through energy efficiency and renewable energy adoption . since its founding in 1986 the organization has been involved in designing energy efficiency and renewable energy programs in north america and worldwide . veic also operates three large scale energy efficiency programs in the united states including efficiency vermont the nation s first statewide energy efficiency utility . 1 contents 1 history 2 publications 3 see also 4 references 5 external links history edit veic was founded in 1986 by beth sachs and blair hamilton with a goal to reduce energy costs for consumers by promoting energy efficiency and encouraging the conservation of natural resources . 2 in particular they focused their early efforts on helping reduce the burden of energy costs for low income consumers . by 1997 veic had implemented energy efficiency measures in nearly 100 low income multifamily buildings throughout the state of vermont ; it also led a successful effort to establish an ordinance requiring landlords in the city of burlington to meet a minimum efficiency standard before their buildings could be sold to new owners . through a partnership with the vermont housing finance agency veic also helped to establish financing programs and a home energy rating system to help low income and first time homebuyers avoid being burdened with high energy costs . 3 in 2000 veic won a competitive contract to operate efficiency vermont the first statewide energy efficiency utility in the nation . efficiency vermont has been credited as an effective program by the end of 2005 annual energy usage in vermont had been reduced by 98 000 megawatt hours 4 in 2007 vermont became the first state in the nation to turn electrical load growth negative 5 between 2009 2011 estimated energy savings produced by efficiency vermont were 304 000 megawatt hours 6 in 2011 efficiency accounted for a 1.91 percent reduction in vermont s electricity supply requirements and 790 000 tons of avoided co2 emissions 7 in 2007 veic established a 20 year goal to offset twice the amount of greenhouse gas emissions projected to be emitted in vermont in the year 2027 . 8 over the course of 2010 2011 veic won competitive contracts to start up and begin operation of additional large scale energy efficiency programs based in ohio and washington d.c. 9 efficiency smart based in columbus ohio is a program of energy efficiency services offered to a network of public power companies that are members of american municipal power incorporated amp . 10 veic operates efficiency smart under contract to amp and has designed the program to save 70 000 megawatt hours of electricity over the course of its first three years in operation . 11 the district of columbia sustainable energy utility dc seu is operated under contract to the district department of the environment in washington d.c. the dc seu contract is held by the sustainable energy partnership with veic serving as the partnership lead . 12 in february 2012 veic the clark group and vermont law school were awarded a 34 million blanket purchase agreement to help the environmental protection agency improve energy efficiency for commercial institutional and industrial customers throughout the u.s. 13 at a 2012 u.s. senate forum on jobs scott johnstone the executive director of veic reported that the organization continues to grow despite the economic recession that began in 2008 . according to his statement from 2005 2012 veic increased its number of employees by 130 % and its revenues grew by 286 % . 14 veic is also an active resource on transportation efficiency . it is facilitating the state of vermont s participation in the rocky mountain institute s project get ready program which is working to prepare for the electrification of the transportation system . it is also conducting research on least cost transportation strategies and best practices for applying energy efficiency principles to travel behavior and consumer purchase decisions in the transportation sector . 15 publications edit veic and the energy efficiency imperative 2009 by blair hamilton 16 the imperative wider and deeper 2007 by blair hamilton 17 what does it take to turn load growth negative 2008 by scudder parker michael wickenden and blair hamiltonzz 18 fast capacity reduction through geographically targeted aggressive efficiency investment early results from a vermont experiment by jim massie nancy wasserman and blair hamilton citation needed those are incentives not rebates using dsm funds to leverage investments in low income multifamily housing by elizabeth chant michael sherman and jennifer chiodo 19 playing with the big boys energy efficiency as a resource in the iso new england forward capacity market 2008 by cheryl jenkins blair hamilton and chris neme 20 see also edit energy efficiency implementation efficient energy use american council for an energy efficient economy electric vehicle energy star plug in hybrid electric vehicle rocky mountain institute references edit vermont legislature resolution pdf . p. 1 . vermont legislature resolution pdf . p. 1 . climate change solutions vermont trims energy bills for low income families . epa . kardashian kirk 30 july 2008 . energy stars . seven days . johnstone scott . energy efficiency as a resource moving from inclusion to front of the line pdf . american council for an energy efficient economy . efficiency vermont 2011 annual savings claim pdf . efficiency vermont 2011 annual savings claim pdf . vermont legislature resolution pdf . p. 1 . d ambrosio dan 22 november 2010 . efficiency vermont serves as a model of energy savings pdf . burlington free press . efficiency smart about us . efficiency company to help utilities in 6 states . vermont public radio . 16 june 2010 . district of columbia sustainable energy utility about us . sands laura . clark group press release on epa contract pdf . united states senate steering committee meeting on jobs . glitman karen 12 april 2012 . creative corner a vision for vermont s transportation future . burlington free press . 1 2 3 4 5 external links edit vermont energy investment corporation efficiency vermont district of columbia sustainable energy utility efficiency smart retrieved from https en.wikipedia.org w index.php title vermont energy investment corporation & oldid 647097255 categories companies based in vermontsocial programsnon profit organizations based in vermontburlington vermonthidden categories pages using infobox company with unsupported parametersall articles with unsourced statementsarticles with unsourced statements 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