Customers face a jolt in electricity supply costs, raising questions of whether Maine’s policy of updating supply rates annually exposes them to greater volatility.
Versant Power
Posted inBusiness, Local & State
Rate increase will raise average Versant Power bills by $30 a month next year
The sharp increase likely foreshadows a similar change in the supply rate for Central Maine Power customers in 2022, to be determined Wednesday.
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Posted inBusiness, Local & State
Referendum would require vote on cost of buying out CMP and Versant
CMP-backed opponents of a proposed consumer-owned utility in Maine say voters should have the final say on the purchase price.
Posted inEditorials, Opinion
Our View: Gov. Mills’ veto won’t end public power debate
Fed-up consumers will still likely get the last word on the future ownership of Maine’s electric grid.
Posted inBusiness, Local & State
CMP customers to see double-digit rate increase next month
The new rates approved by regulators Wednesday will hike Central Maine Power customers’ bills by 11.5% starting Aug. 1.
Posted inBusiness, Local & State, News, Politics
Mills vetoes bill calling for forced buyout of CMP and Versant Power
The governor calls the performance of Maine’s electric utilities ‘abysmal’ but says the bill to form a consumer-owned utility was ‘hastily drafted’ could create more problems than it solves.
Posted inLocal & State, Uncategorized
Supporters, foes weigh in on utility bill on governor’s desk
Supporters of a proposal to scrap Central Maine Power and Versant Power and replace them with a consumer-owned utility say they’re prepared to force a referendum if the bill is vetoed by Gov. Janet Mills
Posted inLocal & State, News, Uncategorized
Legislature passes consumer-owned utility bill after Maine Senate reverses course
But supporters would have to pick up additional votes to override a likely veto from Gov. Janet Mills, who has expressed concerns about the buyout of CMP and Versant Power’s assets.
Posted inMaine Voices, Op-Eds, Opinion
Maine Voices: I don’t like CMP. But I don’t support a publicly owned Maine utility.
More aggressive enforcement by the PUC is a better way to ensure the utility is prepared for the dramatic demands on the grid we’re going to face.
Posted inMaine Voices, Op-Eds, Opinion
Maine Voices: Young Mainers will be inheriting the grid – we would like to own it
If we’re going to increasingly rely on electricity for our basic needs in the future, consumer ownership, not investor ownership, is the way to go.