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.
Versant Power
Posted inBusiness, Local & State, News
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.
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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.
Posted inBusiness, News, Uncategorized
Maine seeks boost in energy storage to avoid costly grid upgrades
If approved, customers of Central Maine Power and Versant Power would pay more per month initially, but less in the following years, according to a report by Gov. Janet Mills’ Energy Office.
Posted inLocal & State, News
Thanksgiving storm knocked out power to more than 70,000 Maine customers
The areas hardest hit included Somerset, Kennebec and Androscoggin counties. By Sunday, all but a small handful of customers were without power.
Posted inBusiness, Local & State, News
Maine to explore electrifying ports in bid to cut pollution from cruise and cargo ships
Demand for electricity at the port of Portland would be significant if ships were to plug in to the grid – just 3 ships would require 25 megawatts, the equivalent of lighting as many as 25,000 homes.
Posted inBusiness, News
Maine gets $65 million to improve solar and wind power connections to the grid
Computer software and hardware are expected to boost power generation at solar and wind farms and help reduce bottlenecks in connecting renewable energy to CMP’s and Versant’s grids.
Posted inBusiness, Local & State, News
Manufacturers push back against rising electricity bills tied to renewable power incentives
One business said it may be forced to close because its power bills have jumped by thousands of dollars.
Posted inBusiness, Local & State, News
Maine utilities will be banned from spending ratepayer money on lobbying, advertising
Years after utilities paid millions of dollars to influence voters about a power line through western Maine, regulators are drafting rules about the kind of ‘educational’ or lobbying activities they can charge to ratepayers.