If Maine had a real Attorney General, she would challenge the legality of the Alternative Compliance Payment rules in the Renewable Energy Portfolio Standards of Maine. The ACP is the cap price applied to electricity costs associated with the development of renewable forms of electrical production.
The 2008 initiation date set this price at $57.12 per megawatt-hour. Annual price changes with the consumer price index and has risen to over $66.00 per megawatt-hour today.
This method of tying the ACP to the CPI is a blatant form of price-gouging the electric customers when you consider the average wholesale price of electricity supply has dropped by half since 2008, which correlates to a "market following" ACP of $29.87 per megawatt-hour.
We're pretty sure the AG will not look into this. She is a democrat, but, if there are any Representatives or Senators out there who have any empathy for Maine ratepayers, please examine this issue and pursue appropriate corrections.