Analysts expect a 20%-30% drop in supply rates, but there’s still plenty of uncertainty with the Public Utilities Commission set to select bids next month for 2024 standard offer service.
CMP
Posted inBusiness, Local & State, News
CMP accused of overspending on storm recovery by $53.6 million
While Maine’s advocate for ratepayers says the utility exceeded staffing guidelines in 12 of 23 storms in 2022, the company says it spent the money to restore power more quickly and to avoid the criticism that has contributed to a referendum calling for a publicly owned utility.
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Posted inBusiness, Local & State, News, Politics
Millions of dollars in foreign campaign funds pour into Maine as lawmakers push to ban them
Lawmakers say they will try to override Gov. Janet Mills’ veto of the foreign spending ban, but it won’t prevent foreign-owned companies from pouring money into Maine politics this fall.
Posted inBusiness, Local & State, News
Here’s why electricity bills in Maine are getting more expensive this month
The Maine Public Utilities Commission explained some of the reasons for multiple rate changes that are beginning to impact customer bills.
Posted inBusiness, Local & State, New England, News
Much debated hydropower transmission corridor to be renegotiated because of cost increases
Maine lifted its stop-work order nearly 2 months ago but construction has not yet resumed on the project.
Posted inBusiness, Local & State, News
Work on NECEC transmission line may begin again soon
The Department of Environmental Protection has lifted a stop-work order on the stalled power line project, which is backed by Central Maine Power affiliates.
Posted inBusiness, News
Work can resume on CMP power-line project, jury rules
Construction of the 145-mile line through western Maine has been stalled since a 2021 voter referendum that opposed the $1 billion project.
Posted inBusiness, Local & State, News
Future of CMP power line corridor now rests in jury’s hands
Closing arguments in a civil trial focused on whether developers of the stalled 145-mile line sped up construction simply to gain legal rights to continue building.
Posted inBusiness, Local & State, News
Defense rests on day 6 of trial over fate of CMP corridor
Jurors heard more conflicting accounts of why construction work sped up on the electricity line, which is supported by Central Maine Power and would extend 145 miles through western parts of the state.
Posted inBusiness, Local & State, New England, News
After 5 days of trial over CMP corridor, many questions remain
In a week of proceedings, the trial over the fate of the Central Maine Power-backed corridor has often involved debate around the type of construction work performed.