The sharp increase likely foreshadows a similar change in the supply rate for Central Maine Power customers in 2022, to be determined Wednesday.
Versant Power
Posted inBusiness, Maine
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.
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Posted inBusiness, Maine
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, Maine, 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 inMaine, 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 inBusiness, Maine, News, Politics
Bill to form consumer-owned utility rejected by a single vote in Maine Senate
The measure, which called for consumer purchase of Central Maine Power and Versant Power, cleared the Senate in a preliminary vote but was turned away on final enactment.
Posted inBusiness, Maine
Bill to replace CMP and Versant with consumer-owned utility gains committee approval
The Energy, Utilities and Technology Committee’s 9-2 vote, with 2 lawmakers absent, advances the bill for consideration by the full Legislature and, ultimately, Maine voters.
Posted inBusiness, Maine, News, Politics
Dozens testify on both sides of bill to create consumer-owned utility in Maine
Under the controversial proposal, regulators would direct a buyout of Central Maine Power and Versant Power’s infrastructure to create a nonprofit utility serving roughly 800,000 customers.
Posted inMaine
What Maine is doing to tamp down the worst power outages in the nation
Maine continues to top most other states in the number and duration of power outages caused primarily by severe weather and downed trees, but regulators and utilities are aiming to improve upon that dubious distinction.
Posted inBusiness, Maine
Costly power grid upgrade to boost renewables will test Maine’s commitment
It’s becoming clear that achieving Maine’s climate goals is going to require a makeover of its electric grid on a scale that hasn’t happened since the 1970s.