News

Regulators May Force CMP To Absorb Cost For Billing Delays

Regulators May Force CMP To Absorb Cost For Billing Delays

Photo: 560 WGAN Newsradio


AUGUSTA, Maine (AP) — Maine utility regulators say they may force Central Maine Power to absorb costs for unbilled electricity.

The Portland Press Herald reports about 3,400 new customers went unbilled for months due to the company’s inability to keep up with new accounts. Central Maine Power Co. has said it may shift lost revenue to other customers under a stabilization procedure in place with the state Public Utilities Commission.

The PUC asserted their position on Monday, saying they will make the final call, not CMP. The utility regulator says it could decide CMP shareholders should bear the brunt the costs for delayed billing.

Commission Administrative Director Harry Lanphear says that “if we find the utility’s practices in this particular incident to be not prudent, we will protect the ratepayers.”

Latest Headlines

35 minutes ago in Local

Biddeford Motorcyclist Arrested going 114 in 40-MPH Zone

Fresh

A Biddeford motorcyclist was arrested Saturday night after deputies clocked him going almost three times the speed limit in Arundel.…

11 hours ago in Local

Brewer woman accidentally shot during northern Maine hunting trip

31-year-old Amber Oaks was taken to a hospital in Caribou where wardens said she is getting surgery to clean the wound.

1 day ago in Local

New report suggests Maine already/will soon be in a recession

Credit rating company Moody's reports that the current economic problems are driven largely by a mixture of slowing immigration, increasing tariffs, and federal job cuts.

2 days ago in Local

Biddeford man charged with manslaughter in death of 5-week-old

Police have arrested a man charged in the killing of an infant in Biddeford last year.

2 days ago in Local

Deputies seeking teenager reported missing in Pownal

Police are looking for a teenager who may have run away from her home in Pownal.