John Becker
CEDF Manager
Vermont
Clean Energy
Development
Fund
(CEDF)
Loan Program
Vermont Department of
Public Service (DPS)
112 State Street
Montpelier, VT 05620 -2601
(802) 828-2811 or
(800) 642-3281
www.publicservice.vermont.gov
The Clean Energy Development Fund
was established in 2005 through ACT
74 and is funded through proceeds due
to the state under the terms of two
memoranda of understanding between
the DPS and Entergy. The CEDF will
receive payments between $4 - 7 million
annually from Entergy through 2012.
The purpose of the CEDF is to promote
the development and deployment of
cost-effective and environmentally
sustainable electric power resources –
primarily with respect to renewable
energy resources, and the use of
combined heat and power (CHP)
technologies - for the long-term benefit
of Vermont electric customers.
The DPS administers the CEDF and a
seven member Investment Committee
directs final funding decisions.
For more information contact:
Phone: 802-828-4020
E-mail: john.becker@state.vt.us
What is the Clean
Energy Development
Fund?
1. Contact DPS for application form
2. Applications are due by the first
Thursday of every month
3. Investment Committee reviews
applications and will either send
applications on for underwriting or will
reject application
4. Underwriting is performed by the VT
Economic Development Authority
(VEDA)
5. Final approval or denial of loans by
the Investment Committee
The review period may be up to 60 days
for complete applications. If applications
are incomplete or unforeseen circum-
stances arise the review period could be
longer.
Application Process
Borrowers must pay an application fee of
1% on the loan amount, which is capped
at $1,500, once the loan is approved.
Borrowers are responsible for paying all
closing costs.
Interest rate fixed at 4%
Term for real estate loans is 10 years,
amortized on a 15-year basi