The agreement would require CMP to spend $700,000 in shareholders’ money to help speed grid connections.
maine public utilities commission
Posted inBusiness, Local & State
CMP announces leadership changes it says will improve reliability
Central Maine Power Co. said it is focused on making changes recommended in a recent management audit of the utility.
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Posted inBusiness, Local & State
Costly electricity supply will add $30 to average home’s monthly CMP bill in 2022
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.
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.
Posted inBusiness, Local & State
Mainers face double-digit shock in 2022 electricity supply rates
Experts say the expected increase is primarily a result of rising prices for natural gas. Maine’s solar policies also could increase rates in the coming years.
Posted inBusiness, Local & State, News
Documents reveal spending, legal strategy for embattled power line project
Avangrid Corp. has spent $350 million on the $1 billion New England Clean Energy Connect project and has developed contingency plans for its legal challenges.
Posted inBusiness, Local & State
Maine utility regulators order preliminary probe of CMP management structure
The Public Utilities Commission has asked Central Maine Power to produce a ‘performance plan’ that outlines how the utility will maintain progress on recent improvements and address concerns raised by a recent audit.
Posted inBusiness, Local & State
CMP touts customer service fixes in bid to lift state-imposed earnings penalty
Central Maine Power says it has met or exceeded state-imposed customer service benchmarks and paid a record penalty of $10 million in revenue over 18 months.
Posted inEditorials, Opinion
Another View: Nemitz got it wrong on Question 1, power line project
His Sept. 16 column misunderstands the ballot question’s retroactivity provisions and ignores the transmission line’s benefits.
Posted inBusiness, Local & State
CMP can defer, recover costs from 2020 storms, regulators decide
The Maine Public Utilities Commission rules that CMP spent more than $34 million prudently to restore service after 2 nor’easters.