Public Utilities Commission Denies CMP's Request for Temporary Rate Hike

Maine regulators deny CMP’s $7 rate hike as utility weighs potential layoffs

With its revenue stagnating, Maine's largest utility is weighing major deferrals on infrastructure and has paused hiring for more than 70 positions.

Public Utilities Commission denies CMP's request for temporary rate hike

The Maine Public Utilities Commission has denied Central Maine Power's request for a temporary rate increase.

'Financial pressure' may force CMP to delay construction

Financial pressure on Central Maine Power could force it to delay construction projects aimed at improving reliable electric service and upgrading aging infrastructure, according to the company. The utility’s warning comes ahead of a Maine Public Utilities Commission decision on whether to grant CMP’s request to temporarily increase customer prices to raise about $70 million. CMP CEO Linda Ball said rising inflation, construction prices and borr…

Maine PUC denies CMP's temporary rate increase

Each member announced their decision during a meeting Tuesday morning.