Lawmakers will be under pressure to find some compromise on making power companies more accountable in Maine.
Versant Power
Posted inBusiness, Local & State
Dozens weigh in on Maine utility report card proposal in marathon hearing
A legislative committee hearing on the proposal for greater scrutiny of the state’s major electric utilities led to hours of public comment, both for and against.
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Posted inBusiness, Local & State, News
Gov. Mills’ plan to rein in power companies faces two-pronged opposition
Many opponents either said the bill is a cynical ploy to maintain the status quo, or government overreach to address problems that don’t exist.
Posted inBusiness, Local & State, News
Regulators approve $90 electric bill credit for low-income Mainers
The one-time credit is expected to be applied automatically to about 90,000 customers’ accounts by March 30.
Posted inBusiness, Local & State, News
Gov. Mills proposes electric bill credit for 90,000 low-income Mainers
The one-time, $90-per-customer credit, to be issued by the end of March, would help offset higher electricity rates.
Posted inBusiness, Local & State
Gov. Mills preparing utility accountability bill, with threat of consumer-owned option
The proposal could emerge as a competing alternative to the push for a statewide consumer-owned utility in Maine to replace CMP and Versant.
Posted inBusiness, Local & State
Advocates of consumer-owned power utility running out of time for 2022 ballot
Organizers won’t say yet, but there are signs that signature-gatherers won’t meet Friday’s deadline for the November ballot.
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
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.