Letter: Corridor could have helped with high electricity prices

KENNEBEC JOURNAL • March 12, 2022

My office is getting many calls from constituents about their stratospheric rise in their electricity bills. I was and am a proponent of the corridor. Hydro-Quebec would have given us the competition needed to keep the rates much lower. With the help of those who voted for Question 1, Maine power is generated mostly by a Russian, Ukrainian-born billionaire who has citizenship in the U.S. and UK, a Florida-based behemoth, and a Texas rival, all using fossil fuels. If Avangrid through the courts wins the ability to complete the corridor, which many suspect they will, it will be Avangrid’s deck. The corridor will go in and rates should retreat. This will take a couple years. CMP is responsible for only about 15% of the increase due to distribution costs. The remaining 80-85% increase is the current power generators. ~ Rep. Mike Perkins, Oakland