Janet Mills vows to fight for CMP's proposed rate hike - Bangor Daily News

Janet Mills vows to fight for CMP’s proposed rate hike – Bangor Daily News

Central Main Power notified regulators Thursday that it would request higher distribution rates to cover a $570 million reliability improvement plan that could create up to 85 new jobs over three years, but the plan quickly met strong opposition from the governor and attorney general.

The average CMP customer will pay $5 per month in the first year of the plan, bringing the average bill for a home using 550 kWh of electricity to $131 per month. The rate will increase to $2.5o per month in each of the next two years of the plan, bringing the rate in the third year to $136 per month.

The CMP is asking the Maine Public Utilities Commission to approve its plan and allow the rate hike to take effect in the third quarter of 2023.

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