Nearly 60,000 Central Maine Power and Versant Power customers were without electricity Thursday evening, but that number dropped to about 25,000 by 7:30 a.m. Friday morning.
Versant Power
Posted inBusiness, Maine, News
Mainers could see refunds, decreased electric rates after overpaying for more than a decade
Federal Regulators ruled that transmission owners in New England set an unreasonable return on equity rates, effectively overcharging customers for years.
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Posted inBusiness, Maine, News, Politics
How a change to net energy billing could cost a few Mainers tens of thousands
A ‘drafting error’ in a 2025 law could force dozens of residents to forfeit investments in community solar. Lawmakers are working on a fix.
Posted inBusiness, Maine, News
Maine expands low-income electricity savings program
Starting next fall, funding will be increased nearly 50%, and thousands more residents are likely to benefit.
Posted inBusiness, Maine, News
Maine electric bills to rise $12 to $16 in January
Maine regulators on Wednesday approved increases to the standard offer for Central Maine Power and Versant Power, which makes up a solid chunk of customers’ monthly bills.
Posted inBusiness, Maine, News
What does your Versant bill pay for?
As electricity rates continue to climb, here’s where the money ends up.
Posted inMaine, News
High winds knock out power to thousands across Maine
Central Maine Power reported about 15,000 customers without power early Tuesday evening, after over 28,000 were without power at one time during the day.
Posted inBusiness, Maine, News
Versant taps Canadian utility executive as new president
Erica Young will begin leading Maine’s second-largest electricity provider next year.
Posted inBusiness, Maine, News
Federal data suggests Maine had the highest electricity hike last year. The picture is not so clear.
A report that residential prices rose in Maine by more than a third raised some alarms, but state officials say the true cost to ratepayers is much lower.
Posted inBusiness, Maine, News
Versant Power customers will see another rate increase next month
Maine’s second-largest electric utility serves about 165,000 customers in northern and eastern Maine.