The proposal could emerge as a competing alternative to the push for a statewide consumer-owned utility in Maine to replace CMP and Versant.
Versant Power
Posted inBusiness, Maine
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.
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Posted inBusiness, Maine
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, Maine
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, Maine
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.
Posted inBusiness, Maine
CMP customers to see double-digit rate increase next month
The new rates approved by regulators Wednesday will hike Central Maine Power customers’ bills by 11.5% starting Aug. 1.
Posted inBusiness, Maine, News, Politics
Mills vetoes bill calling for forced buyout of CMP and Versant Power
The governor calls the performance of Maine’s electric utilities ‘abysmal’ but says the bill to form a consumer-owned utility was ‘hastily drafted’ could create more problems than it solves.
Posted inMaine, News, Uncategorized
Legislature passes consumer-owned utility bill after Maine Senate reverses course
But supporters would have to pick up additional votes to override a likely veto from Gov. Janet Mills, who has expressed concerns about the buyout of CMP and Versant Power’s assets.
Posted inBusiness, Maine, News, Politics
Bill to form consumer-owned utility rejected by a single vote in Maine Senate
The measure, which called for consumer purchase of Central Maine Power and Versant Power, cleared the Senate in a preliminary vote but was turned away on final enactment.
Posted inBusiness, Maine
Bill to replace CMP and Versant with consumer-owned utility gains committee approval
The Energy, Utilities and Technology Committee’s 9-2 vote, with 2 lawmakers absent, advances the bill for consideration by the full Legislature and, ultimately, Maine voters.