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metalandmeeples t1_j5r8a9w wrote

Reply to comment by New_Sun6390 in Remind us again why CMP is doubling and worse our electric bills? by easy_peasy_woeisme

You're right, as far as I can tell the increase is only "proposed" for summer of 2023 at this time. That said, how often does the Maine PUC deny rate increases?

https://www.cmpco.com/wps/portal/cmp/nonnavigationfooter/sitemap/!ut/p/z0/fYzBTgMxDES_Zo9W0u2qgiNCUIRaJA6gNpeVyZrINOukSWjZv8dHTlzGb0YzNs4cjBO8cMDGSTCqP7rNuF7tH56Ge_tysx9u7euw3r1tt-_2cbcyz8b9X9AP_HU-uzvjfJJGP80c_JwxlDF9F58UZensXxY_Cl2rgmpJae5sb_u-s7qDT45UIacrFZYAM7IQ5IgCLcFEkS9UIBTCpjcX9gS14QdHbovmPEGhqo7EL4AygY-kYxIqQQPvqVaTT-74CwI-dEg!/

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New_Sun6390 t1_j5rczct wrote

In virtially every case, the regulators cut the increase down to a fraction of what the utility asks for. This means the utility will not be able to invest in the grid to improve service.

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metalandmeeples t1_j5rdzmq wrote

Unfortunately for CMP, perception is reality. This is especially true when it comes to referenda. CMP has an uphill battle to fight and they are the lowest ranked utility in the entire country. They are currently spending millions on astroturf campaigns, but they need rate increases to improve the grid? Best of luck to them, they're going to need it.

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