A contractor’s federal lawsuit accuses Avangrid of price-fixing and overpaying for products, while the energy company has accused the contractor of attempted extortion.
central maine power
Posted inBusiness, Maine
Lawsuit accuses CMP parent Avangrid of racketeering, fraud
The plaintiff, a former subcontractor, alleges Avangrid bought unnecessary equipment knowing it could recover the costs through higher electricity rates for customers in Maine and elsewhere.
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Posted inBusiness, Maine
CMP announces leadership changes it says will improve reliability
Central Maine Power Co. said it is focused on making changes recommended in a recent management audit of the utility.
Posted inNews, Oxford Hills
Buckfield’s former Town Manager’s experience with CMP last summer leads to proposed bill in Maine legislature
The bill would require utility companies to give a 60-day notice before it could disconnect service to public safety facilities such as fire, police and ambulance departments.
Posted inBusiness, Maine
Costly electricity supply will add $30 to average home’s monthly CMP bill in 2022
Customers face a jolt in electricity supply costs, raising questions of whether Maine’s policy of updating supply rates annually exposes them to greater volatility.
Posted inBusiness, Maine
Rate increase will raise average Versant Power bills by $30 a month next year
The sharp increase likely foreshadows a similar change in the supply rate for Central Maine Power customers in 2022, to be determined Wednesday.
Posted inBusiness, Maine, News
Memorial service honors David Flanagan, Maine business icon and former CMP chief
Flanagan was most widely known for his 1990s leadership at Central Maine Power, where he used his finely honed business instincts and dry humor to build trust in the utility.
Posted inBusiness, Maine, News
State regulator sets hearing on power line as opponents call for immediate halt to construction
Maine voters roundly rejected the NECEC project on Tuesday, but its developer said in a lawsuit filed this week that Question 1 is unconstitutional.
Posted inBusiness, Maine
Here’s what you need to know about Question 1
CMP’s $1 billion project has been painted both as a clean-energy link and as a scar across the Maine landscape, and some ads have made it seem to be about something other than a power transmission line.
Posted inBusiness, Maine, News
David Flanagan, Maine business icon who led CMP, dies at 74
Flanagan, a Maine native best known for his leadership at Central Maine Power in the 1990s, also held many leadership positions in higher education and ran for governor in 2002.