CMP

The federal award will kick in if the company gets a contract to build transmission to planned wind farms in Aroostook County.

Central Maine Power had initially asked state regulators to be reimbursed $117 million over two years for its efforts to restore power after multiple storms in 2022. A new settlement agreement reduces costs to ratepayers by $850,000.

Newly released documents from the Maine Ethics Commission show that energy giant NextEra secretly financed two groups working to defeat a transmission project through western Maine between 2018 and 2019

The Maine Public Utilities Commission says the new standard-offer rates for customers of CMP, and Versant customers in Aroostook County, are about 30% lower than this year's.

The majority of Mainers who lost power Monday had it restored by the late afternoon.

At one polling location, voters were split over a public buyout of the state's electric grid.

The Conservation Law Foundation said the proposal for a statewide, consumer-owned electric utility would create too much uncertainty at a time when Maine must move aggressively to address the climate crisis.

Made possible by the Bipartisan Infrastructure Law, the grant is part of a $3.5 billion package the Biden administration announced Wednesday for 58 projects in 44 states to strengthen electric grid resilience and reliability.

The campaign committees representing Central Maine Power and Versant Power have spent a combined $17.4 million this year and have been funded exclusively by their parent companies, Avangrid and ENMAX, respectively.

The distribution rate increases will come in four steps starting July 1, and will cost the average residential customer about $5 per month over the next two years.