News
Power grid bill pros and cons aired for panel
AUGUSTA -- A bill that allows the Maine Public Utilities Commission to pull Maine out of the New England power grid won endorsements from several large manufacturers at a legislative hearing Wednesday, but opponents warned that it could hurt Maine consumers in the long run.
February 16, 2006
by Tom Bell
in Blethen Maine Newspapers
Maine is now battling with southern New England over a rate increase to be imposed later this year by ISO New England, which manages the flow of electricity on the region's 8,000 miles of high-voltage transmission lines. The not-for-profit agency also oversees the region's wholesale electricity market.
The increase would cost Maine electricity users $300 million to $400 million over the next four to five years. It is a payout to power companies so they'll stop legal challenges to a new system for expanding the region's electrical capacity, according to Kurt Adams, chairman of the commission.
Maine generators today produce... [continue via Web link]
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