PORTLAND PRESS HERALD • December 6, 2021
Maine regulators say they are closely watching a lawsuit accusing the parent company of Central Maine Power of bid-rigging and racketeering, but no decision has been made about launching a formal inquiry. A federal lawsuit filed last week by a former subcontractor for the parent company, Avangrid Networks, charges that the company favored some subcontractors, paid higher-than-needed prices and ordered unnecessary equipment while knowing that the cost of capital expenditures, plus a profit margin, can be recouped through higher electric rates. Avangrid has denied the allegations.