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Maine rejects CMP's proposed rate hike; Versant Power customers face $11 monthly increase in 2026.
The Maine Public Utilities Commission has unanimously rejected Central Maine Power’s proposed five-year rate hike, which would have raised average residential bills by $35 per month over five years.
Commissioners cited concerns over affordability, lack of a long-term grid plan, and insufficient ratepayer protections.
The decision follows strong opposition from state officials, consumer advocates, and the public, who argued the plan was excessive and unjustified without CMP’s upcoming 10-year integrated grid plan.
While a new rate request is expected next year, no timeline has been set.
Meanwhile, Versant Power customers in Bangor will see an average $11 monthly increase starting January 2026 due to approved electricity supply bids.
Maine rechaza el aumento de tarifas propuesto por CMP; los clientes de Versant Power se enfrentan a un aumento mensual de $ 11 en 2026.