Electric Rates to Drop 

Electric bills will soon be going down for

Bangor Hydro-Electric Co.’s large business customers.

The Public Utilities Commission yesterday approved a 40 percent

decrease in the electricity portion of bills for Bangor Hydro’s

large business customers that use the default &quot:standard offer.&quot:

The price will fall from 13.3 cents per kilowatt hour to an average

of about 8.1 cents – the lowest price in three years.

Electricity costs account for about 60 percent of monthly bills,

with transmission and distribution rates accounting for the other

40 percent.

Electricity rates are going down for nearly all residential and

business customers in Maine come March 1. PUC Chairman Sharon

Reishus says the lower rates reflect falling prices for natural

gas, the dominant fuel for power generators serving Maine.