The Maine Public Utilities Commission said the credit would have shifted costs to other struggling electricity customers.
Versant Power
Posted inBusiness, Local & State, News
Have a heat pump? New electric rates could save you money
The new rates, which apply to the delivery portion of electricity bills, aren’t for everyone. Scrutinizing when and how much power you use is key to potential savings.
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Posted inBusiness, Local & State, News
CMP, Versant both score last in satisfaction survey of utility customers
The national study gave poor marks to Maine’s two investor-owned electricity companies, and both responded with explanations why.
Posted inBusiness, Local & State, News
State’s public advocate seeks $75 electricity credit for low-income Mainers
The request comes ahead of rate hikes for customers of Central Maine Power Co. and Versant Power that go into effect next month.
Posted inBusiness, Local & State, News
Petition to replace CMP, Versant with consumer-owned utility has valid signatures to get on ballot
But an opposition group, which is mounting a citizens initiative of its own, says it has gathered enough signatures to blunt the effort.
Posted inBusiness, Local & State, News
Most CMP customers to see rise of nearly 50% in electricity supply rates
Utility regulators blame high natural gas prices on the continued surge in cost. The new rate will take effect in January.
Posted inBusiness, Local & State, News
Rate hike will bump up average Versant Power electric bill by $24 a month
The standard-offer rate, the price customers pay for the supply of power, is rising 41% next year in northern and eastern Maine. A similar increase may be in store for Central Maine Power customers.
Posted inBusiness, Local & State, News
Advocates and foes of consumer-owned power say they have enough signatures for dueling 2023 ballot questions
Groups for and against the creation of Pine Tree Power, a nonprofit electric utility, say they have petitions that would create competing referendums.
Posted inBusiness, Local & State, News
Maine small businesses will get help with spiking electricity bills
A state program will provide credits of more than $2,000 to hundreds of businesses to provide relief from high electric rates.
Posted inBusiness, Local & State, New England, News
Rate hike 2.0: Electricity supply costs due to rise again next year
New England’s natural gas crunch and Russia’s war are pushing electric rates higher.