AUGUSTA, Maine (AP) Central Maine Power wants regulators to boost rates by nearly $3 per month on average to recover costs from five major storms in 2020 and the pandemic.
The company asked the Maine Public Utilities Commission to boost rates by $26.5 million to cover costs. If approved, bills would increase on July 1.
CMP’s requested increase for the distribution portion of monthly bills is nearly 9.6%, or a little less than $3 per month for the average bill, the company said.
CMP home customers averaging 550 kilowatt hours of use monthly now pay just under $87 per month. CMP is asking that proposed rate increase be stretched over three years to mitigate the effect on customers.
