PORTLAND PRESS HERALD • June 5, 2024
Maine regulators have ordered a broad audit of the state’s second-largest electric utility, citing unspecified “questions and concerns” related to rate increases and other actions. The Public Utilities Commission did not say precisely why it directed the audit of Versant Power on May 29. It cited four cases before the agency, including two for distribution rate increases that Versant says are needed to improve service and bolster operations. The utility serves 165,000 customers in northern and eastern Maine.