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CMP rate hike approved by regulators, will increase home bills nearly $2 next month

Por: Portland Press Herald Nation June 06, 2023

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State utility regulators on Tuesday approved a rate hike for Central Maine Power – a compromise that will increase a typical home’s total electric bill by just over 1% next month, or $1.67, rising to roughly $5 or $6 a month in 2025. The two-year, $67 million plan reflects a settlement worked out last month by CMP and the Office of the Public Advocate. The new rates include money to upgrade the distribution grid to increase reliability,... + full article



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