CMP meets with immediate pushback after proposing new rate hike

BANGOR DAILY NEWS • August 12, 2022

Central Maine Power met with immediate pushback on Thursday after the utility asked regulators to approve a 30 percent rate hike over three years. CMP, the state’s largest utility, said the hike is necessary to improve reliability, reduce outages and equip the grid to handle growth in renewable energy and energy storage technology. The Governor’s Energy Office requested intervenor status in the rate hike from the Maine Public Utilities Commission. The public advocate’s office also said Thursday it will “actively oppose” the rate hike.