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Business and Economy

Electricity Maine Agrees To Pay Damages Up To $14 M In Lawsuit Settlement

Electricity Maine has agreed to pay up to $14 million in damages to customers who claim the electricity supply company charged Maine ratepayers at least $35 million more than they would have paid if they had taken the ‘standard offer’ from Central Maine Power or Emera Maine.

Electricity Maine is owned by a Texas company that also distributes power in New Hampshire and Massachusetts.

The case, filed in 2016, alleged the company used fraud and deception to enroll 200,000 Maine households and small businesses with the promise of substantial cost savings, which didn’t happen.

The settlement provides for payments to residential and small-business customers who purchased electricity from Electricity Maine between 2011 and 2019.

The settlement is pending court approval, and the company is denying the allegations as part of the settlement.

To receive a payment, plaintiffs must submit a claim form by September 10, 2020.

Correction 4:30 p.m. June 18, 2020: An original version of this post called Electricity Maine an electricity distribution company. It is an electricity supply company.