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Central Maine Power Co. has asked regulators to approve adding nearly $2 a month to its average home bill in the company's latest five-year rate case.
The Portland Press Herald reported the rate increase would fund distribution upgrades and billing systems to improve reliability and offer new pricing options for off-peak energy use.
In a separate case, the company will ask regulators to approve adding another $1.90 to the average home bill to recover installation costs for 615,000 "smart meters" around the state.
The paper reported that the company's latest five-year plan proposal, to be filed with the state's Public Utilities Commission today, also asks the state to "decouple" its sales of electricity as a commodity and its revenue, a system that has a disincentive for reducing overall power consumption.
Details of CMP's five-year plan, covering the years 2014 through 2019, will be deliberated by state regulators over the next year, the paper reported.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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