Federal Regulators ruled that transmission owners in New England set an unreasonable return on equity rates, effectively overcharging customers for years.
Central Maine Power Co.
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.
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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.
Posted inBusiness, Maine, New England, News
NECEC power line to begin commercial operations Friday
The 145-mile line, which became a political flashpoint, is set to bring electricity from Canada to the New England grid via northwestern Maine.
Posted inBusiness, Maine, News
Maine expands low-income electricity savings program
Starting next fall, funding will be increased nearly 50%, and thousands more residents are likely to benefit.
Posted inBusiness, Maine, News
What does your CMP bill pay for?
As electricity rates continue to climb, here’s where the money ends up.
Posted inBusiness, Maine, News
Regulators dismiss CMP’s controversial 5-year rate increase
Bills will still likely go up, but the structure and timeline of CMP’s plan to fund infrastructure improvements and new hires could change significantly.
Posted inBusiness, News
Mainers turn out at PUC hearing to condemn CMP’s 5-year plan to raise rates
Attendees at the meeting in Freeport say that the proposed increase to fund infrastructure improvements — roughly $35 a month by late 2030 — would hurt the state’s most vulnerable residents.