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CMP Rate Hike Would Deliver Nearly $700M in Profits to Shareholders
Summary by Natural Resources Council of Maine
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CMP Rate Hike Would Deliver Nearly $700M in Profits to Shareholders
Acadia Center | Conservation Law Foundation | Natural Resources Council of Maine (Augusta, ME) — The five-year spending proposal by Central Maine Power (CMP) collects an additional $1.7 billion from Maine electricity customers for the stated purpose of investments to the electric grid, but according to new analysis, nearly $700 million would be delivered directly to shareholders as profit. Three clean energy organizations that have formally inte…
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