Central Maine Power is again requesting a rate change after its previous request was turned down by regulators.
CMP is asking the Maine Public Utilities Commission to instate a $189 million increase in distribution rates, with $70 million of that increase being temporary and going into effect this summer.
The proposed changes would reduce customers’ bills by about $4 a month for the average household starting in July as reduced storm-related costs offset an increase in the distribution rate.
Rates would then increase by $7 a month for the average ratepayer starting in May of 2027 running through April of 2028.
CMP says it’s looking to fund grid upgrades and bring on more workers as it faces rising costs. CMP CEO Linda Ball said in a statement:
“This plan also allows us to continue the progress CMP has made in reducing both the frequency and duration of outages. Frequent or prolonged outages can create real hardships for households, businesses, schools, healthcare providers, childcare centers, and others. Our focus remains on preventing outages whenever possible and restoring power more quickly when they do occur.”
Maine Public Advocate Heather Sanborn says the company wants to increase profits:
“CMP’s filing makes clear that the company is not only seeking to recover higher operating costs and capital investments, but also to increase its profits. This comes at a time when Maine families are already facing the rising costs of everything from gas to groceries and housing.”
The proposal will need approval from the Maine Public Utilities Commission before it moves forward.
