AGP Executive Report
Last update: 9 hours agoElectric Utilities: Maine regulators rejected CMP’s request for a temporary rate increase that would have added about $7 a month to the average residential bill. The utility says the denied $69 million would support infrastructure work and warns it may delay projects and hiring; regulators said the amount was disputed and noted CMP’s recent capital spending exceeded forecasts by more than 50%. Heating Costs: Heating oil is nearing $6 a gallon across much of the Northeast. An industry group projects a 50% jump in winter heating costs, averaging $878 per household, putting added pressure on Maine residents and businesses. Renewable Energy: Maine is among nine states that now allow plug-in balcony solar panels, giving residents another way to generate electricity and potentially lower power bills. Construction: Ellsworth awarded local contractor RF Jordan and Sons a $1.63 million contract for an access road to the new Hancock Judicial Center, with completion expected by October 2027.
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