ASSOCIATED PRESS • October 30, 2024
Three Massachusetts utilities and Central Maine Power’s parent company have agreed that Massachusetts ratepayers must shoulder $512 million in additional costs caused by delays in construction of a power transmission project in Maine that will allow Canadian hydropower to reach the New England power grid. The project’s cost grew from $1 billion to at least $1.5 billion because of inflation and delays caused by opponents. Supporters of the project say the 1,200 megawatts of electricity it provides would lower electric rates across the region, reduce carbon pollution and help Massachusetts to meet its clean energy goals.