Maine regulators approve new electric rates
The new rates going into effect March 1 reflect a 10 percent drop in the electricity supply costs, which account for about 60 percent of the monthly bills. Transmission and distribution rates, which account for the other 40 percent, also are expected to change on March 1.
Maine Public Utilities Commission Chairwoman Sharon Reishus said the dip in electric rates is good news after several years of rising energy prices.
MPUC also approved new rates for Maine Public Service Co. Those reflect a 2 percent decrease for small and medium-sized customers, and a 6 percent increase for large businesses.
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Major U.S. utilities spending more on electricity delivery, less on power production
WASHINGTON - Over the past decade, major utilities in the United States have been spending more on delivering electricity to customers and less on producing that electricity.
After adjusting for inflation, major utilities spent 2.6 cents per kilowatthour (kWh) on electricity delivery in 2010, using 2020 dollars. In comparison, spending on delivery was 65% higher in 2020 at 4.3 cents/kWh. Conversely, utility spending on power production decreased from 6.8 cents/kWh in 2010 (using 2020 dollars) to 4.6 cents/kWh in 2020.
Utility spending on electricity delivery includes the money spent to build, operate, and maintain the electric wires, poles, towers, and meters that…
