|07/08: The Maine Public Utilities Commission accepted bids on new standard offer energy prices for medium and large commercial and industrial customers of Central Maine Power Company (CMP) and Bangor Hydro-Electric Company (BHE). The prices are effective September 1, 2008, and extend for six months. The new standard offer prices apply only to customers that have not made their own electricity supply arrangements. For CMP’s medium business customers, standard offer prices will increase by 23%, and for CMP’s large business customers, standard offer prices will increase by 32%. For BHE’s medium business customers prices will increase by 21% and for large business customers, prices will increase by just under 20%. Source: Maine Public Utilities Commission http://www.maine.gov/mpuc/
01/08: The Maine PUC (PUC) today accepted bids on new standard offer energy prices for residential and small business customers of Central Maine Power Company (CMP) and Bangor Hydro-Electric Company (BHE). The bids are for 33% of the load of these customers, and when combined with prices secured in prior years, standard offer prices, effective March 1, 2008, will be about 9.97 cents per kilowatt hour for CMP customers, and about 10.05 cents cents/kWh for BHE customers. Source: Maine Public Utilities Commission http://www.maine.gov/mpuc/
01/07: The Maine Public Utilities Commission accepted bids on new standard offer energy rates for residential and small business customers of Central Maine Power Company (CMP) and Bangor Hydro-Electric Company (BHE). The rates, effective March 1, 2007, for CMP customers, were about 8.8 cents/kWh, and for BHE customers, about 9.0 cents/kWh. When combined with the CMP and BHE delivery charges, the rates would increase overall by about 1.7% and 2.7% for BHE and CMP customers, respectively.
02/06: The New England Independent System Operator (New England ISO) reached a settlement agreement with state regulators, consumer groups, and energy companies over a multi-billion dollar rate hike proposed for the region. The state of Maine did not sign the agreement and the Public Utilities Commission stated that it was considering withdrawing from the New England ISO.
9/05: In July 2005, the Maine PUC accepted bids for new standard offer energy prices for medium and large commercial and industrial customers of Central Maine Power Company (CMP) and Bangor Hydro-Electric Company (BHE) for a six-month term beginning September 1, 2005. For CMP customers, the new prices are, on average over the 6-month term, about 8.3 cents/kWh for both the medium and large classes. For BHE customers the average prices are about 8.5 cents/kWh for the medium class and 7.8cents/kWh for the large class. These reflect increases over existing standard offer prices: CMP medium class—up 22%; CMP large class—up 27%; BHE medium class—up 23% and BHE large class—up 24%. The increases result from corresponding increases in imported fossil fuel, the fuels that dominate New England wholesale power market prices, and may reflect potential FERC-set capacity costs (LICAP) that could be in place as of January 2006. The Commission prefers a relatively short term such as six-months for these customer classes to allow standard offer prices to track market changes and, thereby, better enable other retail suppliers to compete. The shorter term will also allow other retail suppliers to compete by offering customers longer terms with price stability. Currently, approximately 10 to 15% of the electric load of CMP and BHE large customers and 60 to 65% of the load of CMP and BHE medium customers is supplied by standard offer service; the remaining customers receive their energy supply from other retail suppliers.
1/05: In December 2004, the Maine PUC accepted bids and raised prices approximately 40% for standard-offer service (SOS) starting in March 2005 through February 2006 for small commercial and residential customers. The new prices reflect current wholesale energy prices which have risen substantially since SOS prices were set 3 years ago. More than 99% of Maine's residential and small commercial load is currently supplied by SOS.
2/04: In December 2002, the Maine PUC submitted a report recommending that the state extend standard-offer service beyond 2005 for small commercial and residential customers.
3/02: New standard offer rates for customers in the Central Main Power Company, Bangor Hydro Electric Company, and Maine Public Service Company service territories went into effect on March 1, 2002. According to a PUC press release, medium and large commercial and industrial CMP and Bangor Hydro customers "will see the largest overall price decreases."
3/01: Upon termination of the bid process, the PUC ordered Central Maine Power to provide standard offer service from March 2001 to March 2002 for medium and large nonresidential customers and set the standard offer rates for these classes of customers. The PUC approved CMP contracts with wholesale suppliers to supply the power for the standard offer customers, and approved nonresidential standard offer rates ranging from 5.6 cents for off peak non summer to 14.6 cents for on peak summer.
10/00: The PUC issued a request for bids to provide service for Bangor Hydro, Maine Public Service, and Central Maine Power standard offer customers. The bidding process was revised from last year's, streamlining the process and giving bidders more flexibility in hopes of attracting better offers.
1/00: In 1999, the PUC finalized the rules necessary to implement electric restructuring by March 1, 2000. Companies were selected to provide standard offer service at reasonable prices for the majority of electricity consumers in Maine. Principles were established for setting rates, including stranded costs, for distribution and transmission utilities in the State. The three IOU utilities sold their generation assets.
10/99: The PUC rejected the bids received for standard offer service for Central Maine Power and Bangor Hydro territories, saying they were too high. Using three service bids that were conditionally approved for Maine Public Service for a new ceiling, and revising some technical rules, a second round of bidding will be due November 8. The standard offer providers are to be selected by December 1.
5/99: The PUC issued a schedule for suppliers to offer standard service when retail competition begins 3/00. Standard service price will be set through a bid process, rather than a predetermined price, as in other states.
12/98: The PUC will begin a consumer education program in January 1999 to prepare the public for retail access and unbundled billing.
5/98: PUC adopted a requirement that beginning 1/1/99 utilities must issue bills showing "unbundled" charges for generation and distribution, rules for consumer education, and standard offer service for all consumers when competition begins 3/1/2000.
12/96: The PUC issued a plan requiring utility functional unbundling, divestiture of generation assets by 3/2000, and retail competition by 2000.