The numbers straight from Central Maine Power to the Maine Public Utilities Commission shows how severe Net Energy Billing and Long-Term Contracts are to electricity prices. The numbers reveal that CMP continues to pay out and needs to recover, year after year, an increasing amount to comply with "Green Laws" that the lawmakers said would reduce electricity prices. 

CMP's July 2024 recovery amounts due to "Stranded Costs" which include NEB and LTC for 2023 will account for the majority of the 20%+ increase in delivery rates. The "Service Charge" on residential customers' bills will go from the current $21.55 per month to $26.14 per month ( a $4.59 per month increase). Stranded Costs included in this increase go from $3.97 per month to $8.61 per month ( a $4.64 increase). Obviously, policies advanced by a democrat majority legislative and executive branches are not reducing energy prices. Increasing energy prices to consumers is not economically enhancing, it is inflationary.
All these NEB and LTC have at least 20-year terms. With each annual cost increase due to NEB and LTC, the amount paid out by CMP adjusts upward and causes a new rate increase each year following, for 20 years or more! The Northern Maine Renewable Energy Development Program includes a proposed 30-year transmission line construction contract.
So, what does "Stranded Costs" mean? Maine has been through this before. The seventies brought about "PURPA" (Public Utility Regulatory Policies Act) , enacted November 9, 1978, is a United States Act passed as part of the National Energy Act. It was meant to promote energy conservation (reduce demand) and promote greater use of domestic energy and renewable energy (increase supply).
 
Electric costs soared with this Act and CMP, along with other utilities, had to buy out the renewable energy contracts to stop the cost-bleeding of customers, thus, the term " stranded costs" became the term to describe these contract buyouts as ratepayers were assessed the costs of these buyouts to discontinue those expensive generators.  These stranded costs, paid by a spread-out formula over several years have now been paid in full.
 
Whether than learning anything from the original "stranded cost" fiasco, Maine Elites have quadrupled down on renewable energy and this time, is further penalizing ratepayers by adding 25%+ to production costs of natural gas-fired plants which, traditionally, lowered costs of electricity by setting the wholesale prices. Now, they must pay a carbon dioxide tax transferred into increased ratepayer costs by the "Regional Greenhouse Gas Initiative" which has rapidly increased the tax. Since December 2023 the carbon dioxide cost has increased by 31%. 
The present "Scam" is more unsustainable than PURPA. 

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Comment by Thinklike A. Mountain on June 29, 2024 at 11:07pm
Comment by Thinklike A. Mountain on June 17, 2024 at 8:50am
Comment by Willem Post on June 14, 2024 at 9:45pm

You voted Democrat, and now you see the result of your folly

This will only end by voting out the Democrats and return Maine to hard working Mainers

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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