The costs of restoring power after storms and funding state renewable energy policies are the biggest factors increasing Central Maine Power Co. bills.
Versant Power
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.
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Posted inLocal & State, News
1,000 Mainers still without power, days after ice storm
In all, 203,809 CMP customers were left in the dark by storm outages.
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, News
Lawmakers consider authorizing regulators to set electric rates based on performance
The Maine Public Utilities Commission would use metrics gauging the service provided by Central Maine Power and Versant Power when considering a rate increase.
Posted inBusiness, Local & State, News
As Mainers use more electricity, plans for a new grid ramp up
More heat pumps in homes and businesses and electric vehicles on the road are pushing Maine to figure out how to handle increased electricity demands.
Posted inEditorials, Opinion
Our View: Rejection of Pine Tree Power opens the door to reform
With greater regulatory muscle, Maine can check off some of the boxes that dominated the public power campaign.
Posted inBusiness, Election 2023, Local & State, News, Politics
After voters reject public power, Maine’s path to utility reform is unclear
One lawmaker is proposing performance-based ratemaking as a possible way to address problems highlighted by the failed campaign to take over Maine’s investor-owned utilities.
Posted inElection 2023, Local & State, Politics
Effort to create Maine publicly owned electric utility fails
A proposal to create a publicly owned utility by taking over Maine’s 2 big investor-owned utilities failed by a wide margin in Tuesday voting.
Posted inBusiness, Local & State, News, Politics
Opponents of public utility takeover far outspend supporters as Election Day nears
The owners of Maine’s largest power companies have spent more than $37 million to defeat Question 3, while the leading supporter of a public utility takeover has spent just over $1 million.