Maine’s public advocate and environmentalists say a deal to take the utility’s parent company private would shield financial decisions from the public.
electric utilities
Posted inBusiness, Local & State
Maine regulators direct utilities to make power grid more resilient against storms
The utilities also are directed to apply cost-saving technology to help manage peak demand.
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Posted inBusiness, Nation & World
Texas Gov. Greg Abbott demands answers as customers remain without power after Beryl
Around 270,000 homes and businesses are still without power in the Houston area almost a week after Hurricane Beryl hit Texas.
Posted inBusiness, Local & State, News
Maine to study whether creating local electric grid operator could cut costs, improve reliability
The first-in-the-nation proposal could shift control over some aspects of Maine’s power system from the nonprofit that oversees transmission lines and power plants across New England.
Posted inBusiness
Maine regulators order audit of Versant Power after multiple rate increases
State utility regulators did not give reasons why they ordered an audit of Maine’s second-largest utility, but it acted after rate increases this year and in 2023 and a request for another in 2025.
Posted inBusiness, Local & State, News
Biddeford landlord claims CMP double-billed her and tenants for nearly 20 years
Maureen Verreault says Central Maine Power Co. overcharged her from February 2005 to January 2023 but will only reimburse her for 6 years of overbilling.
Posted inBusiness, Local & State, News, Politics
Maine House rebuffs plan to use performance as guide for utility rates
Several Democrats joined solid Republican opposition to reject legislation that proposes a first step in judging utilities’ performance when setting rates.
Posted inBusiness, Local & State
Maine regulators might let utilities report surges in power use as way to identify illegal cannabis grows
Versant Power, which calls illegal marijuana operations an ‘escalating problem,’ proposed the change to allow it, CMP and other utilities to disclose confidential customer information to law enforcement when there is ‘good faith belief’ of a crime.
Posted inBusiness, Local & State
Spanish energy giant Iberdrola offers to buy rest of CMP parent company for $2.5 billion
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.
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 […]