Maine’s biggest electric utility and consumer advocates are at odds over how much money the company should be allowed to make on its infrastructure investments.
Central Maine Power Co.
Posted inBusiness, Maine, News
As Iran war continues, Maine PUC bets electricity prices won’t go down
The utilities commission agreed to acquire some of next year’s electricity now, and some later, to soften a potentially harsh increase on consumers.
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Posted inBusiness, Maine, News
6 ways to cut your electricity use during a heat wave
Actions as simple as closing the curtains and grilling your dinner outdoors can trim summertime power costs.
Posted inBusiness, Maine, News
Electricity use spiked during the July 4th heat wave. Here’s what that tells us.
Demand grew as the holiday weekend approached and many Mainers turned on their air conditioners, pushing peak loads well above a typical summer day.
Posted inBusiness, Maine, News
CMP’s new rate plan could mean short-term bill decrease, long-term hike
The utility’s latest proposal could bring bills down about $4 this summer, but critics say the savings won’t last.
Posted inBusiness, Maine, News
Mainers could see refunds, decreased electric rates after overpaying for more than a decade
Federal Regulators ruled that transmission owners in New England set an unreasonable return on equity rates, effectively overcharging customers for years.
Posted inBusiness, Maine, News, Politics
How a change to net energy billing could cost a few Mainers tens of thousands
A ‘drafting error’ in a 2025 law could force dozens of residents to forfeit investments in community solar. Lawmakers are working on a fix.
Posted inBusiness, Maine, News
Somerset County group secures NECEC funds for broadband improvements
The $4.2 million, from a 2019 agreement related to the controversial power corridor project, will support efforts to improve internet access and infrastructure.
Posted inBusiness, Maine, News
CMP bills could drop slightly this summer
Maine’s largest utility is proposing a slight decrease in monthly costs as it plans a longer-term rate plan.
Posted inBusiness, Maine, News
Massive battery storage facility opens in Gorham, furthering Mills’ energy agenda
At 175 megawatts, Cross Town Energy Storage is the largest facility of its kind in New England.