The new "standard offer" supply rates for residential and commercial customers of CMP and Versant were set through a competitive bid process conducted by the Maine Public Utilities Commission.
Ahead of public hearings before the Maine Public Utilities Commission, Gov. Janet Mills said the proposed rate increase “blatantly ignores” the economic reality that Maine residents face every day.
A monthly increase for residential customers of nearly $5 reflects the utility's need to cover costs incurred by extreme storm cleanup and legislative mandates.