Central Maine Power has agreed to give $50 million to energy-assistance programs that will benefit low-income electric customers – in Massachusetts.
CMP will provide $50 million over 40 years to several programs and initiatives in Massachusetts, as a condition of winning the bid to build a high-voltage transmission line from Quebec through Maine that will carry hydroelectricity to the Commonwealth.
The disclosure comes as CMP is under multiple investigations and lawsuits over allegations it overcharged Maine ratepayers.
None of the money for the program will come from ratepayers in Maine or Massachusetts, according to Avangrid, CMP’s parent company. It will be taken out of profits.
The agreement to aid low-income Massachusetts ratepayers is contained in documents newly filed with the Massachusetts Department of Public Utilities and reviewed Tuesday by the Portland Press Herald. They include a Memorandum of Understanding signed last month by CMP.
But Maine’s consumer watchdog says the deal, which he calls “insulting,” raises questions about why Maine isn’t being offered a similar level of assistance as is being directed toward Massachusetts.
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