PORTLAND PRESS HERALD • April 6, 2021
Central Maine Power has begun the process of applying for a rate increase before the Maine Public Utilities Commission, saying it spent $26.5 million more than was budgeted to cover the cost of repairs for damage caused by five major storms last year. CMP says 5 major storms required repairs beyond what it had budgeted and is asking regulators to allow it to recoup the costs over 3 years to mitigate the rate increase.