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Maine residents brace for power rate hikes over 60 percent

Maine residents brace for power rate hikes over 60 percent

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PORTLAND, Maine (AP) Maine’s public utility regulator believes most Maine people are going to see the rate they pay for home electricity increase this year, in some cases by a considerable amount.

The Maine Public Utilities Commission has informed the Maine Legislature of the coming bump in prices.

The Portland Press Herald reports a majority of Maine residents could see their rate go up between 60 and 80 percent.

Under expected increases, the cost of power would climb about $20 to nearly $53 per month for a typical household.

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