Though state officials say Mainers are already struggling to pay their electric bills, the utility says the distribution rate increases for hiring and resiliency upgrades would occur as some temporary charges expire, mitigating the cost to customers.
Central Maine Power Co.
Posted inBusiness, Maine, News
Central Maine Power Co. taps longtime VP as new president
Linda Ball had worked as the utility’s vice president of customer service since 2019.
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Posted inBusiness, Maine, News
Federal data suggests Maine had the highest electricity hike last year. The picture is not so clear.
A report that residential prices rose in Maine by more than a third raised some alarms, but state officials say the true cost to ratepayers is much lower.
Posted inBusiness, Maine, News
CMP’s 5-year plan to add workers, lower storm costs carries big price tag
The company is asking state regulators for permission to increase revenue by more than $400 million between 2026 and 2031.
Posted inBusiness, Maine, News
CMP electricity bills to increase in July
Customers of the state’s largest electric utility will see monthly bills go up by about $5.