Maine Public Utilities Commission Reviews Proposed CMP Rate Hike

The Maine Public Utilities Commission met Wednesday to begin reviewing Central Maine Power’s proposed five-year plan, which includes another potential rate increase for customers, WGME reported.

According to CMP, under the plan, the average residential customer could see their monthly electric bill rise by about $17 in the first year. Rates would then increase gradually over the next four years, culminating in a total increase of approximately $35 per month by year five.

The plan also calls for the addition of 400 new employees over the five-year period, a move CMP says is necessary to support the company’s infrastructure and operations.

During Wednesday’s meeting, commission members focused on the potential impact these rate increases could have on customers, especially those who may already be struggling with energy costs. WGME explained that Commissioners emphasized the need to balance the company’s operational needs with affordability for Maine residents.

No final decisions were made at the session. The news station said that the PUC plans to hold additional public hearings in mid-October, giving the public an opportunity to comment on the proposal before a final vote is taken.