Ice Storm Recovery To Be Passed On To Ratepayers

Updated 7 months ago

AUGUSTA, Maine (AP) — The massive damage caused by the Christmas week ice storm likely means millions of dollars in repair costs will be passed onto Maine ratepayers.

Officials tell the Portland Press Herald that the ice storm is expected to be deemed an “extraordinary storm event,” allowing utilities to seek regulatory approval of an offset from ratepayers to recoup recovery costs.

It’ll take time for CMP and Bangor Hydro Electric Co. to tally expenses associated with the storm that knocked out power to 160,000 Maine homes and businesses.

Bangor Hydro set a target for completing the restoration effort of New Year’s Day, just a day before another winter storm is set to move into the state.

 


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