 In 2010, Gaz Métro was restructured so that 71% of its capital was held by the private company Noverco, which was controlled by Trencap (61.11%) and Enbridge (38.9%), while 29% was owned by the new company Valener, listed on the TSX.In July 2011, ahead of Fortis, Gaz Métro acquired Central Vermont Public Service Corp., "the largest electricity supplier in Vermont," for US$472 million.CVPS operations were merged with those of GMP in 2012–making GMP the largest electric utility in the state, providing electricity to over 75 percent of Vermont residents.