Our Power will receive over $45,000 to cover fees it incurred while trying to block an ownership change involving CMP’s parent company.
Our Power
Posted inBusiness, Local & State, News
CMP moves one step closer to avoiding regulatory review of Iberdrola takeover
A report by utilities regulators says an exemption to the state law requiring the review is warranted based on previous approval of a ‘corporate structure’ and dozens of conditions that remain in effect.
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Posted inBusiness, Local & State, New England, News
Maine power companies are spending millions to defeat a vote to dethrone them
This fall, Mainers could cut ties with their utilities. The companies are buying influence to try to stay in power.
Posted inBusiness, Local & State, News
Rate hike approvals add to rising bills for CMP, Versant customers
The PUC approved an increase tied to renewable energy policies that will combine with a previous rate hike to raise an average CMP customer’s bill by more than $10 a month beginning July 1.
Posted inBusiness, Local & State, News
Judge orders rewording for referendum question on electric utility
The Maine secretary of state is ordered to draft a new referendum question that doesn’t use the word ‘quasi-governmental’ to describe a proposed consumer-owned electricity company.
Posted inBusiness, Local & State, News
Judge rejects attempt to throw out ballot proposal that could thwart CMP, Versant takeover
The ruling means that voters in November will likely see both a proposal to create a consumer-owned electric utility and a debt-limit measure meant to cripple the effort.