A report that residential prices rose in Maine by more than a third raised some alarms, but state officials say the true cost to ratepayers is much lower.
Versant Power
Posted inBusiness, Local & State, News
Versant Power customers will see another rate increase next month
Maine’s second-largest electric utility serves about 165,000 customers in northern and eastern Maine.
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CMP electricity bills to increase in July
Customers of the state’s largest electric utility will see monthly bills go up by about $5.
Posted inLocal & State, News
Power outages impact thousands on a windy Easter Sunday
Gusts reached 50 mph in some areas, and the majority of outages occurred in Aroostook, Penobscot and Somerset counties.
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Maine regulators investigating Versant Power’s management practices
The Public Utilities Commission says that Versant has regularly increased rates without improving service and questioned whether its Canadian parent company is providing sufficient oversight.
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Starting in April, utilities can cut off power to Mainers with unpaid bills
State law prohibits Central Maine Power Co. and Versant Power from pulling the plug on delinquent customers from Nov. 15 to April 15. Consumer advocates and utilities are urging people to reach out.
Posted inBusiness, Local & State, News
Maine regulators rap Versant for delaying audit over electricity rates
The cost of reviewing the utility’s operations, to be paid by ratepayers, has soared to $554,025, over than $140,000 more than the original contract price.
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Regulators seek approval to cut bills for Mainers who use electricity during off-peak hours
It would take years to establish the new rates, Maine’s top utility regulator told the Legislature’s Energy, Utilities and Technology Committee.
Posted inBusiness, Local & State, News
Maine approves rules to restrict utilities’ lobbying, prevent costs from being passed to customers
The new regulations are based on a 2023 law requiring greater transparency by utilities, spurred by multimillion-dollar campaigns both in favor of and against a power line project that was on voters’ ballots.
Posted inBusiness, Local & State, News
Maine electricity bills increased again this month
The money will pay for costly improvements to transmission lines across New England, but critics say it’s excessive.