It’s unclear what, if any, impact the deal would have on the customers of Central Maine Power Co., the state’s largest electric utility.
CMP
Posted inBusiness, Local & State
Central Maine Power asks regulators for $162 million reimbursement for storm repairs
If approved by regulators, electricity rates will go up for more than 635,000 CMP customers.
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Posted inLocal & State
Power restored to most electric customers in Maine after gusty winds had caused 11,000 outages
Winds gusted to 50 mph in southern and central Maine on Thursday.
Posted inBusiness, Local & State, News
Lawmakers consider authorizing regulators to set electric rates based on performance
The Maine Public Utilities Commission would use metrics gauging the service provided by Central Maine Power and Versant Power when considering a rate increase.
Posted inLocal & State, News
Storm kills 2, knocks out power to more than 400,000 in Maine
CMP says some customers could be without power for days because repair crews can’t go up in buckets until wind speeds drop below 30 mph, which isn’t expected to until Tuesday.
Posted inBusiness, Local & State, News
Another rate cut will further reduce electricity costs for CMP customers in 2024
A complicated formula drafted by federal and New England energy officials is behind the second announcement in as many weeks of an electricity rate cut.
Posted inBusiness, Local & State, News
CMP, Maine’s public advocate dispute cost of power restoration following 2022 storms
Maine’s Public Advocate accuses Central Maine Power of hiring too many storm repair crews, inflating costs. The utility questions its critic’s cost calculations and says electricity was restored quickly.
Posted inBusiness, Local & State, News
Some relief expected for Maine electricity customers come January
Analysts expect a 20%-30% drop in supply rates, but there’s still plenty of uncertainty with the Public Utilities Commission set to select bids next month for 2024 standard offer service.
Posted inBusiness, Local & State, News
CMP accused of overspending on storm recovery by $53.6 million
While Maine’s advocate for ratepayers says the utility exceeded staffing guidelines in 12 of 23 storms in 2022, the company says it spent the money to restore power more quickly and to avoid the criticism that has contributed to a referendum calling for a publicly owned utility.
Posted inBusiness, Local & State, News, Politics
Millions of dollars in foreign campaign funds pour into Maine as lawmakers push to ban them
Lawmakers say they will try to override Gov. Janet Mills’ veto of the foreign spending ban, but it won’t prevent foreign-owned companies from pouring money into Maine politics this fall.