Lawmakers consider authorizing regulators to set electric rates based on performance

PORTLAND PRESS HERALD • February 27, 2024

Lawmakers responding to complaints about Central Maine Power and Versant Power are looking at ways to authorize regulators to consider the companies’ performance when setting rates. Legislators reviewed a bill Tuesday that would give the Maine Public Utilities Commission the ability to set electricity rates using the utilities’ performance as a guide. The move comes in the wake of the resounding defeat in November of a referendum to create a publicly owned utility.