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Maine Ratepayers Will Likely Pay for Massive Damage Caused By Storm

| January 1, 2014

Power Outages

AUGUSTA, Maine (AP) – It looks like the millions of dollars in potential repair costs caused by the Christmas week ice storm will be passed onto Maine ratepayers. Officials say 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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