The company is asking state regulators for permission to increase revenue by more than $400 million between 2026 and 2031.
Maine Public Utilities Commisison
Posted inBusiness, Maine, News
Maine regulators investigating Versant Power’s management practices
The Public Utilities Commission says that Versant has regularly increased rates without improving service and questioned whether its Canadian parent company is providing sufficient oversight.
advertisement
Posted inBusiness, Maine, News
Maine OKs Unitil’s $72M acquisition of Bangor Natural Gas
Regulators approved the deal with a requirement that the company report greenhouse gases it discharges and not increase rates before 2027.
Posted inBusiness, Maine, News
CMP costs for ‘service agreements’ with other utilities under scrutiny
Tens of millions of dollars could be at stake for customers as the state Public Advocate looks into expenses split among 7 Avangrid subsidiaries.
Posted inBusiness, Maine, News
Regulators allow $2.5 billion corporate takeover of CMP to proceed without review
The PUC agrees to waive state review of the deal in which Spanish energy giant Iberdrola will acquire the remaining shares in Central Maine Power’s parent company, Avangrid.