More than 17,000 Central Maine Power customers lost power during the height of outages Thursday, but less than 4,500 were without electricity by late afternoon.
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Posted inBusiness, Local & State, News, Uncategorized
Lawmakers scrutinize proposal for consumer-owned power company
A consultant’s report predicting mixed financial impacts has drawn criticism from proponents of a public takeover of Central Maine Power and Emera Maine.
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Posted inOp-Eds, Opinion
Sen. Woodsome: Public control isn’t the answer to concerns about Maine’s power utilities
A state takeover of CMP and Emera Maine risks higher debt, higher property taxes and disinvestment in the electric grid.
Posted inBusiness, Local & State, News
CMP brings back former CEO in effort to regain public’s trust
David Flanagan will serve as executive chairman of the electric utility’s board of directors, and CMP President and CEO Doug Herling will report directly to him.
Posted inBusiness, Local & State, News, Politics
Panel endorses bill requiring CMP to renegotiate lease along corridor route
The bill now goes to the full Legislature for consideration.
Posted inBusiness, Local & State, News
Public takeover of Maine’s electric utilities could bring higher rates, tax revenue losses
But the switch could lead to lower rates over 30 years, according to an analysis by independent consulting firm London Economics.
Posted inBusiness, Local & State, News
CMP shrugs off referendum, plans to start work on $1 billion transmission corridor
Central Maine Power, which needs 2 more permits for the power line, says it plans to begin construction this spring and has contracted with 3 Maine companies to provide wooden ‘mats’ it will use to move heavy equipment through the North Woods.
Posted inBusiness, Local & State, News
Company that studied grid may have had conflict of interest
A company paid $500,000 by Maine regulators to study the state’s electric grid may have been ineligible to receive the contract based on conflict of interest rules.
Posted inOp-Eds, Opinion
Maine Compass: Don’t expect Maine ‘public power’ plan to deliver on its big promises
L.D. 1646 could keep CMP, as the private operator of the publicly owned utility – at higher rates.
Posted inBusiness, Local & State, News
Opponents of CMP power line submit signatures for referendum
The opposition group, No CMP Corridor, says it has enough signatures to force a statewide vote, but legal experts say the move to overturn a regulatory body’s decision is unprecedented.