The bill, which will be considered by the Legislature, would use low-interest revenue bonds to buy the transmission and distribution assets of Maine’s two largest for-profit utilities.
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Posted inBusiness, Local & State
Regulators consider extending window for CMP bill disputes
The Public Utilities Commission also is coming under fire for its handling of some complaints.
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Posted inBusiness, Local & State
Maine regulators decide to open full investigation of CMP billing problems
The Public Utilities Commission’s legal process includes power to compel witnesses to testify, participation by stakeholders, technical conferences and public hearings.
Posted inBusiness, Local & State, News
Audit fails to quell anger over CMP bills
A third-party audit answered some questions, but many customers remain unsatisfied. Regulators will decide this week what to do next.
Posted inBusiness, Local & State, News
Data show Maine had most frequent, longest power outages
The state’s electricity customers went through an average of three service interruptions in 2017, lasting more than 40 hours on average.
Posted inBusiness, Local & State
Audit shows CMP billing and metering systems didn’t cause skyrocketing bills
However, Liberty Consulting Group concludes in the report to regulators that the company made the situation worse with a poor response to the thousands of complaints.
Posted inBusiness, Local & State
Maine electricity customers across the state can expect $6 monthly increase come Jan. 1
Reflecting regional trends, the supply side of home electricity bills will rise 14 percent, from 7.9 cents per kilowatt hour to a 10-year high of 9 cents.
Posted inBusiness, Local & State
CMP-area customers to learn 2019 electricity price Monday
The standard offer is the price set by the supplier for about 80 percent of customers.
Posted inBusiness, Local & State
Canadian hydropower supplier says it has plenty of capacity for New England
Hydro-Quebec says it’s bringing 13 more hydroelectric plants online and has untapped potential for others, but opponents of the 145-mile transmission line through Maine say that’s no guarantee more clean energy will be generated.
Posted inBusiness, Local & State
Ratepayers won’t be charged for CMP’s lost revenue, company official says
A vice president for the power distribution company tells regulators that CMP – and possibly its shareholders – will cover the cost of delayed bills to about 3,400 new customers.