Tens of millions of dollars already have been invested in land purchases, design and engineering, contracts and materials.
central maine power
Posted inNews
Thousands in Midcoast lose power, no impact on Election Day voting
According to Catherine Hartnett, Central Maine Power’s spokesperson, customers lost power for about an hour Tuesday morning until an equipment replacement resolved the issue.
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Posted inBusiness, Maine, News, Politics
Bill to create consumer-owned electric utility meets Republican resistance
Republicans on the Legislature’s energy committee show no support for the Democratic bill to create a consumer-owned power authority to buy the assets of Maine’s two private electric utility companies.
Posted inBusiness, Maine, News, Uncategorized
Lawmakers scrutinize proposal for consumer-owned power company
A consultant’s report predicting mixed financial impacts has drawn criticism from proponents of a public takeover of Central Maine Power and Emera Maine.
Posted inBusiness, Maine, News
CMP brings back former CEO in effort to regain public’s trust
David Flanagan will serve as executive chairman of the electric utility’s board of directors, and CMP President and CEO Doug Herling will report directly to him.
Posted inBusiness, Maine, News, Politics
Panel endorses bill requiring CMP to renegotiate lease along corridor route
The bill now goes to the full Legislature for consideration.
Posted inBusiness, Maine, News
Public takeover of Maine’s electric utilities could bring higher rates, tax revenue losses
But the switch could lead to lower rates over 30 years, according to an analysis by independent consulting firm London Economics.
Posted inBusiness, Maine, News
Opponents of CMP power line submit signatures for referendum
The opposition group, No CMP Corridor, says it has enough signatures to force a statewide vote, but legal experts say the move to overturn a regulatory body’s decision is unprecedented.
Posted inBusiness, Maine, News
Some customers dissatisfied with regulators’ ruling on Central Maine Power
Numerous consumers who have complained of inexplicably high bills said they aren’t expecting any major changes as a result of the Maine Public Utilities Commission’s decision on the billing controversy.
Posted inBusiness, Maine, News
State jolts CMP with $10 million penalty for mishandling billing and customer service
Gov. Janet Mills called for greater accountability from the state’s utilities after the Public Utilities Commission voted to reduce Central Maine Power’s earnings as punishment for the problems with its mismanagement of a new billing system.