Central Maine Power Faces Backlash Over Proposed Rate Hikes and Shareholder Profits

Central Maine Power Faces Backlash Over Proposed Rate Hikes and Shareholder Profits

The utility says the investment is essential for reliability and resilience. Critics say the 9.8 percent shareholder return would raise bills, violate state law and undercut Maine’s clean energy transition.By Ryan KrugmanFrustrated ratepayers and climate activists gathered in Freeport, Maine, last week to protest yet another rate hike proposal by Central Maine Power.