Emera asks for rate hike in 2017
Emera Maine has asked state regulators for a hike in rates on power lines it uses to connect customers to the grid — a hike that would raise the average monthly bill by 3% in 2017.
The rate increase of $2.40 per month is based on households using 500 kilowatt-hours of electricity in a month. It will be shared by Emera’s 159,000 customers across two service territories.
In a regulatory filing, Emera Maine President Alan Richardson said the request was made to recover the costs of upgrades and to counteract lower revenue from energy use.
The costly new upgrades contributing to the hike include the energy company’s Hampden operations facility, a Acadia substation and a customer information system, according to the Bangor Daily News.
The drop in revenue, according to the filing, is being attributed primarily to “negative economic factors” and the prevalence of energy efficiency measures among customers.
As part of the request, Emera has asked that the company’s total revenue requirement for its transmission and distribution infrastructure be raised from $80 million to $86.6 million.
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