CMP Asking for Revenue Increase To Cover Storm Costs
It's the time of the year when Central Maine Power Company submits its information to the Maine Public Unities Commission for the PUC to decide if CMP is due a rate increase.
Central Maine Power has submitted some, but not all, of its information.
Other reviewed areas are the cost of transmitting the power, efficiency programs, and assistance to lower-income customers. It will take a few months for all that information to be submitted and reviewed for a decision.
The story at centralmaine.com pointed out that any increase would not be determined until all the information is reported to the PUC for this yearly review.
Regarding the storms, there were five storms that affected the CMP service area of central and southern Maine that put them over budget by $26.5 million.
The storms were in April, August, September, November, and December.
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