The Public Utilities Commission is considering new rate-setting options for Cent

Source

Portland Press Herald

Date

6-16-1994

Pages

12B

Abstract

The Public Utilities Commission is considering new rate-setting options for Central Maine Power Co. (CMP). One proposed by the utility is known as the rate alternative plan, which would set a cap of 3 percent a year on rate increases over the next five years. It would reward CMP financially for being efficient and keeping price hikes below the cap. A second option, recommended by a coalition of dominated by commercial trade groups, would allow modest increase of rates, based on inflation. It would contain formulas that control CMP's earnings. Ratepayers chip in if earnings fell below a certain level and would share in the benefits if they exceeded a certain level. Details.

Subjects

Central Maine Power Company, Electric utilities -- Rates, Maine -- Public Utilities Commission

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