Governor Directs Energy Office to Intervene Against Electricity Rate Increase Sought by Versant Power


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At the direction of Governor Janet Mills (D), the first woman Governor of Maine and it’s first AG., the Governor’s Energy Office (GEO) today intervened in opposition to Versant Power’s filing for an electricity rate increase with the Maine Public Utilities Commission, (PUC).

In its filing,Versant is seeking a 32% increase in its distribution rate for electricity, which if approved, would raise bills for average residential customers by about $13. per month, or about $156. annually, starting in the summer of 2023.

Versant’s request comes at a time of high electrcity prices – driven by global energy market volatility from the Russian invasion of Ukraine and excaberated by New England’s dependence on natural gas – that are now harming Maine families and businesses and are expected to continue into next year.

“I have directed my energy office to intervene with the PUC to oppose Versant’s request because Maine people are already grappling with high electric bills and this request would only make matters worse,” said Governor Janet T. Mills.  “I agree with strengthening our electric system, but the timing must be balanced against costs now facing Maine people and businesses today.  These filings from CMP and Versant are not in the best interest of Maine people and my Administration opposes them.”