The money will be spent installing new devices that allow power to be restored more quickly and often remotely. The limited number of new devices already in service restored power to 74,000 customers in less than five minutes, said CMP.
central maine power
Posted inBusiness, Local & State, News
CMP receives $30 million grant to improve grid reliability
The money is expected to be used to buy equipment mounted on the poles that will act like circuit breakers and allow the grid to rebalance more quickly following outages.
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Posted inBusiness, Election 2023, Local & State, Politics
Foreign ownership in CMP parent clouds 2 ballot measures
A foreign government’s ownership stake in a utility is complicated, and some experts say it doesn’t matter anyway because ownership of a regulated utility doesn’t translate into governance.
Posted inBusiness, Election 2023, Politics
Conservation Law Foundation opposes public power measure
The New England environmental group’s stance on the controversial Pine Tree Power ballot initiative differs from that of 2 other well-known conservation groups.
Posted inOp-Eds, Opinion
Commentary: Question 3 aims to fix what’s wrong with CMP, Versant
Their rates are too high and their reliability is too low. And they’ve had plenty of time to fix both and haven’t.
Posted inEditorials, Opinion
Our View: Pine Tree Power not the answer to Maine’s utility challenges
Mainers want to save money, reduce outages and, focused on climate change, exert more control over grid decision-making. How do we best achieve those ends?
Posted inBusiness, Local & State, News
Who could be a third-party operator? Here’s the test
As part of the legislation connected with Question 3, the Public Utilities Commission would determine that a transmission and distribution utility that serves more than 50,000 customers is considered “unfit” to operate if four or more of the conditions listed below are met. Using this criteria, neither Central Maine Power not Versant could be considered […]
Posted inBusiness, Local & State
If there’s a new Maine utility, who will manage it?
Politics, qualifying credentials and managerial expertise collide in the debate over who would operate a publicly owned utility.
Posted inLocal & State
Saturday’s storm hit northern, coastal Maine with power outages
Saturday’s storm delivered some rain and breeze for southern and central Maine, but the Down East region got clobbered with heavy amounts of rain and strong winds.
Posted inBusiness, Election 2023, Local & State, News, Politics
Natural Resources Council of Maine backs public utility ballot measure
The state’s most well-known environmental advocacy group says that Pine Tree Power ‘offers our best chance to advance the clean energy transition with the accountability, creativity and collaboration necessary to keep costs as low as possible.’