Maine subsidizing southern N.E. electric rates
Industrial customers were disappointed by the PUC's ruling, which they say will do nothing to lower electricity costs. Maine ratepayers give $100 million a year more than they should to the regional grid operator, effectively subsidizing southern New England states, said Tony Buxton, a lawyer who represents the Industrial Energy Consumer Group … "Two commissioners have decided, effectively, that they're satisfied with the status quo," Buxton said. "They have set Maine on a course of begging, and so far, begging is costing Maine $100 million a year."
Source: Portland Press Herald ...
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