As CMP calls for rate hike, Governor Mills’ energy office steps in to oppose

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The Governor is following through on his promise to direct his Office of Energy to fight an increase

Following a directive from Governor Janet Mills, the Governor’s Office of Energy today intervened to oppose Central Maine’s Power (CMP) filing of an electricity rate increase with the Maine Public Utilities Commission.

In its filing, CMP is asking for a three-year increase that would increase the electricity bills of average Maine residential customers by about $10 per month, or $120 per year. This request comes at a time of high electricity prices – due to global volatility in energy markets and New England’s reliance on natural gas – which are now hurting families and businesses around the world. Maine and are expected to continue into next year.

“Today I have requested that the Governor’s Office of Energy intervene with the PUC to oppose the CMP’s request for a rate increase,” said Governor Janet Mills. “While improving our electrical system is key to ensuring a strong grid, the timing of these costs must be balanced against the high costs – including already high energy prices – that are currently hurting residents and Maine businesses. CMP pursuing this case at this time is not in the best interest of the people of Maine, and we oppose it.

Governor Mills also said she would direct the governor’s energy office to oppose a potential upcoming filing from Versant, which recently announced it intended to seek a 10.50 raise. $ per month — or about $126 per year — to the average residential ratepayer in its Maine service area starting in summer 2023.

Maine’s transition to renewable energy to reduce energy prices, as well as helping Maine residents and businesses with rising electricity and fuel oil prices, are priorities of the administration. Mills.

Following bipartisan legislation signed by Governor Mills in 2019, Maine advanced competitive renewable energy purchases that resulted in 24 renewable energy projects to provide low-cost home-generated electricity to Maine taxpayers.

Low-cost renewable energy from three of these projects already in operation led the Maine Public Utilities Commission to approve electricity rate reductions in June of 5.5% for CMP customers and 4% for customers. from Versant Power.

If all 24 projects under this law were operational in 2022, the Governor’s Office of Energy estimated that Maine ratepayers would have saved 22% on electricity compared to the current standard supply.

The governor and legislature have also strengthened accountability and oversight of Maine’s electric utilities. Governor Mills signed landmark legislation this year to significantly reform the state’s approach to public service oversight.

This legislation, LD 1959, establishes minimum service standards for service, increases penalties for substandard service, and strengthens utility accountability to protect the people of Maine.

With respect to energy costs, the Mills administration has taken several important steps this year, including:

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