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Customers of Central Maine Power could soon see reductions of around $3 to their monthly bills as the utility company looks to phase out select long-term expenses.
Maine Public reported that those expenses are known as stranded costs and assets, which include power contracts that might cost more than the current market rates and the potential sale of another long-term contract with Hydro-Quebec, which CMP said it could resell for a profit.
“What we’re seeing now is that some of the larger negative contracts, some of the ones that have been very expensive from going back decades, those are finally ending, so the continual losses on that [have] stopped,” John Carroll, CMP’s spokesman, told Maine Public.
The 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.
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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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