PORTLAND PRESS HERALD • June 12, 2024
Central Maine Power Co. ratepayers can expect monthly bills go up by at least $10 in July after regulators approved a rate increase on Tuesday. The 2024-25 rate hike will cover a $220 million tab CMP racked up while restoring power and cleaning up after destructive storms in 2023 and the second half of 2022. With climate change bringing more damaging and costly storms, the Public Utilities Commission said it will begin soliciting comments from the industry, consumers, environmentalists and others to look at ways to balance storm response with affordability.